Zcash ZEC/USD is trading at 272. the cryptocurrency is traded above the upper boundary of Ichimoku Kinko Hyo Cloud, which indicates the presence of a bullish trend in Zcash. Ichimoku Kinko Hyo Cloud is expected to test near the 265 level, from which it is expected to rebound and attempt to continue growth with a target above the level of 320.
Zcash forecast & analysis ZEC/USD April 26, 2018
An additional signal in favor of the growth of the cryptocurrency will be a test of the support level. 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 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 250, 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 330.
However, we should not exclude the attempt to form the reversal model «Head and Shoulders». In this case, with the breakdown of the area 255, we should expect the continued fall in the prices of the cryptocurrency.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
