Zcash ZEC/USD is trading at 240. The cryptocurrency is traded above the upper limit of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in Zcash. The test area of Ichimoku Kinko Hyo signal lines near level 235 is expected, from which it is expected to rebound and attempt to continue growth with a target above level 270.
Zcash forecast & analysis ZEC/USD April 19, 2018
An additional signal in favor of the growth of the cryptocurrency will be the upper bound level test of the «Triangle» model. Earlier, a strong signal was received for buy of the Zcash, by crossing the signal lines at 235.
Cancellation of the variant of growth of quotations Zcash will be a breakdown of the lower boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotations below the level of 210, which indicates the change of the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations ZEC/USD is with a breakdown of the resistance area and closing above the level of 250.
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