Zcash ZEC/USD is trading at 371. The cryptocurrency is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in Zcash. Ichimoku Kinko Hyo Cloud is expected to be tested near the 350 level, from which we should expect a rebound and an attempt to continue growth with a target above 475. An additional signal in favor of the growth of the cryptocurrency will be a breakdown of the upper boundary of the bearish channel.
Zcash forecast & analysis ZEC/USD on February 9, 2018
Earlier, a weak signal was received for buy of Zcash cryptocurrency, due to the crossing of signal lines at the level of 300. Cancellation of the variant of growth of quotations Zcash will be a breakdown of the lower boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotations below the level 285, which will indicate the change of the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations ZEC/USD stands with a breakdown level of 420.
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