Zcash ZEC/USD is trading at 518. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Zcash. Ichimoku Kinko Hyo Cloud is expected to test near the 525 level, from which it is expected to rebound and attempt to continue falling with a target below the 410 level. An additional signal in favor of the fall is the test of the upper boundary of the bearish channel.
Zcash forecast & analysis ZEC/USD on January 21, 2018
Earlier, we received a weak signal for sell of Zcash cryptocurrency, due to the crossing of signal lines at 625 level. Cancellation of the variant of falling of quotes Zcash will become a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes above the level of 575, which will indicate the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall of quotations ZEC/USD is with a breakdown of level 450.
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