Zcash ZEC/USD is trading at the level of 374. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Zcash. Ichimoku Kinko Hyo Cloud is expected to test near the level 385, from which one should expect a rebound and an attempt to continue falling with a target below 280. An additional signal in favor of the drop of the cryptocurrency will be a resistance level test.
Zcash forecast & analysis ZEC/USD on February 27, 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 the change of the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in quotes ZEC/USD stands with the breakdown of the lower limit of the model «Triangle» and closing below the level of 330.
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