Zcash ZEC/USD is trading at 280. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in Zcash. The test area of Ichimoku Kinko Hyo signal lines near level 265 is expected, from which we should expect a rebound and an attempt to continue growth with a target above the level of 340.
Zcash forecast & analysis ZEC/USD April 23, 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 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 225, 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 boundary of the model «Triangle» and closing above the level of 280.
