Zcash ZEC/USD is trading at 317. Cryptocurrency is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in Zcash. Ichimoku Kinko Hyo Cloud is expected to test near the level 315, from which it is expected to rebound and attempt to continue growth with a target higher than 380.
Zcash forecast & analysis ZEC/USD on December 7, 2017
Earlier, a strong signal was received for buy of Zcash cryptocurrency due to the crossing of signal lines at level 315. Canceling the variant of growth of Zcash quotes there will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the level of 310, 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 a breakdown of the level of 355.