Zcash ZEC/USD is trading at the level of 454. 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 430 level is expected to be tested near the 430 level, from which one should expect a rebound and an attempt to continue growth with a target above the level of 545. An additional signal in favor of the growth of the cryptocurrency will be the test of the lower boundary of the bullish channel.
Zcash forecast & analysis ZEC/USD on February 18, 2018
Earlier, a strong signal was received for buy of the Zcash cryptocurrency, due to the crossing of the signal lines at 420 level. Cancellation of the variant of Zcash quotations growth will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the level of 345, which will indicate a change in the bullish trend in favor of a bearish trend. Expect the acceleration of the growth of quotations ZEC/USD stands with the breakdown of the resistance area and the closing above the level of 475.
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