Zcash ZEC/USD is trading at the level of 301. 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 315, from which we expect a rebound and an attempt to continue the fall with a goal below the level of 190. 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 7, 2018
Earlier, a strong signal was received for sell of Zcash cryptocurrency, due to the crossing of signal lines at 325 level. Cancellation of the variant of falling of quotes 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 380, which will indicate the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotes ZEC/USD stands with the breakdown of the support area and closing below the level of 220.
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