Zcash ZEC/USD is trading at the level of 246. The cryptocurrency is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates that there is a bullish trend in Zcash. The test area of Ichimoku Kinko Hyo signal lines near level 240 is expected, from which we should expect a rebound and an attempt to continue growth with a target above the level of 280.
Zcash forecast & analysis ZEC/USD April 20, 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 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 the acceleration of the growth of quotations ZEC/USD stands with the breakdown of the resistance area and the closing above the level of 260.
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