Zcash ZEC/USD is trading at the level of 230. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bullish trend in Zcash. The test area of Ichimoku Kinko Hyo signal lines near the level of 220 is expected, from which we should expect a rebound and an attempt to continue growth with the goal above the level of 265.
Zcash forecast & analysis ZEC/USD April 16, 2018
An additional signal in favor of the growth of the cryptocurrency will be a test of the support level, as well as a test of the lower border of the channel. Earlier, a weak signal was received for buy of Zcash cryptocurrency, due to the crossing of signal lines at the level of 180.
Cancellation of the variant of the growth of Zcash quotations will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the level of 190, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations ZEC/USD stands with the breakdown of the upper limit of the model «Triangle» and the closure above the level of 240.
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