Zcash ZEC/USD is trading at 149. The cryptocurrency is trading below the lower boundary of Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in Zcash. Ichimoku Kinko Hyo Cloud is expected to test near the 160 level, from which we should expect a rebound and an attempt to continue growth with a target below level 115.
Zcash forecast & analysis ZEC/USD April 8, 2018
An additional signal in favor of the fall of the cryptocurrency will be a test of the lower border of the channel. Earlier, a strong signal was received for sell of the Zcash, due to the crossing of the signal lines at the level of 160.
Cancellation of the variant of the drop in Zcash quotations will be a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes above the level of 175, which will indicate the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations ZEC/USD is worth a breakdown of the support area and closing below the level of 135.
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