Zcash ZEC/USD is trading at 349. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in Zcash. Ichimoku Kinko Hyo Cloud near the 355 level is expected to be tested near the 355 level, from which one should expect a rebound and an attempt to continue the fall with a target below the level of 220. 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 8, 2018
Earlier, a strong signal was received for sales of Zcash crypto currency, due to the intersection 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 quotations ZEC/USD stands with the breakdown of the support area and closing below the level of 230.
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