Zcash ZEC/USD is trading at 287. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Zcash. The test area of Ichimoku Kinko Hyo signal lines near level 270 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 24, 2018
An additional signal in favor of the growth of the cryptocurrency will be the test of the lower border of the channel, as well as the «Triangle» model boundary test. Earlier, a strong signal was received for buy of the Zcash cryptocurrency, by crossing the signal lines at 235.
Cancellation of the variant of growth of Zcash quotations will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the level of 235, 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 limit of the model «Triangle» and the closing above the level of 295.
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