Zcash ZEC/USD is trading at 331. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Zcash. Ichimoku Kinko Hyo Cloud near the level 355 is expected to be tested near the level of 355, from which one should expect a rebound and an attempt to continue falling with a target below level 215. An additional signal in favor of the drop of the cryptocurrency will be a test of the resistance level, as well as a test of the upper boundary of the bearish channel.
Zcash forecast & analysis ZEC/USD on February 5, 2018
Earlier, we received a weak signal for buy of Zcash cryptocurrency, due to the crossing of signal lines at the level of 335. 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 upward trend. Expect to accelerate the fall in quotations ZEC/USD is with the breakdown of the level of support and closing below the level of 300.
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