Zcash ZEC/USD is trading at 413. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bullish trend in Zcash. Ichimoku Kinko Hyo Cloud near the level 390 is expected to be tested near the level of 390, from which we should expect a rebound and an attempt to continue growth with the goal above the level of 505. An additional signal in favor of the growth of the cryptocurrency will be a test of the support level.
Zcash forecast & analysis ZEC/USD on February 14, 2018
Earlier, a weak signal was received for buy of Zcash cryptocurrency, due to the crossing of signal lines at the level of 300. Cancellation of the variant of Zcash quotations growth will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes below the level of 325, 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 the breakdown of the upper limit of the model «Triangle» and the closing above the level of 440.
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