Zcash ZEC/USD is trading at the level of 357. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in Zcash. Ichimoku Kinko Hyo signal line area test is near the 370 level, from which one should expect a rebound and attempt to continue falling with a target below the level of 270.
Zcash forecast & analysis ZEC/USD on February 1, 2018
An additional signal in favor of the drop will be a resistance level test. Earlier, a strong signal was received for sell of Zcash cryptocurrency, due to the crossing of signal lines at level 425. 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 465, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall of quotations ZEC/USD stands with a breakdown of level 320.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
