Zcash ZEC/USD is trading at the level of 354. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Zcash. Ichimoku Kinko Hyo signal line area test is near the level 365, from which it is expected to rebound and attempt to continue falling with a target below the level of 290. An additional signal in favor of the drop of the cryptocurrency will be the test of the upper boundary of the bearish channel.
Zcash forecast & analysis ZEC/USD on February 26, 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 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 415, 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 330.
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