Zcash ZEC/USD is trading at the level of 218. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates that there is a bullish trend in Zcash. Ichimoku Kinko Hyo Cloud upper test is expected near level 210, from which it is expected to rebound and attempt to continue growth with a target above the level of 260.
Zcash forecast & analysis ZEC/USD April 17, 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, due to the crossing of signal lines at the level of 180.
Cancellation of the variant of Zcash quotations growth will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the level of 195, 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 resistance area and the closure above the level of 240.
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