Zcash ZEC/USD is trading at 399. The cryptocurrency is trading below the lower boundary of Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in Zcash. Ichimoku Kinko Hyo Cloud near the level 420 is expected to be tested near the level, from which one should expect a rebound and an attempt to continue falling with a target below the level of 300. An additional signal in favor of the drop of the cryptocurrency will be the test of the lower bound of the «Triangle» model.
Zcash forecast & analysis ZEC/USD on February 22, 2018
Earlier, a weak signal was received for sales 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 in quotes ZEC/USD is with the breakdown of the support area and closing below the level of 365.
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