Zcash ZEC/USD is trading at the level of 353. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in Zcash. The Ichimoku Kinko Hyo signal line area test is expected near the 375 level, from which one should expect a rebound and an attempt to continue the fall with a target below the level of 280. An additional signal in favor of the drop of the cryptocurrency will be a resistance level test, as well as a test of the upper boundary of the bearish channel.
Zcash forecast & analysis ZEC/USD on February 25, 2018
Earlier, a weak signal was received for sell of Zcash cryptocurrency, due to the crossing of signal lines at level 425. Cancellation of the variant of falling of quotations Zcash will become a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations above the level of 425, which will indicate the change of 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 330.
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