Zcash ZEC/USD is trading at the level of 261. 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 level 250 is expected, from which we should expect a rebound and an attempt to continue growth with a target above level 320.
Zcash forecast & analysis ZEC/USD April 22, 2018
An additional signal in favor of the growth of the cryptocurrency will be a test of the lower border of the channel, as well as a test of the support level. Earlier, a strong signal was received for buy of the Zcash, by crossing the signal lines at 235.
Cancellation of the variant of Zcash quotations growth will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the level of 215, which will indicate a change in 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 300.
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