Zcash ZEC/USD is trading at 292. The cryptocurrency is trading above the upper limit of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in Zcash. Ichimoku Kinko Hyo Cloud is expected to test near the 280 level, from which it is expected to rebound and attempt to continue growth with a target above the 360 level.
Zcash forecast & analysis ZEC/USD April 28, 2018
An additional signal in favor of the growth of the cryptocurrency will be a test of the support level. Earlier, we received a weak signal for sell of Zcash cryptocurrency, due to the crossing of signal lines at the level of 280.
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 260, which will indicate the change of the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations ZEC/USD stands with the breakdown of the upper limit of the model «Triangle» and closing above the level of 320.
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