Zcash ZEC/USD is trading at 626. The cryptocurrency is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Zcash. Ichimoku Kinko Hyo Cloud near the 620 level is expected to be tested near the 620 level, from which one should expect a rebound and an attempt to continue growth with a target above the level of 780. Earlier, a signal of medium strength was obtained for buy of Zcash cryptocurrency, by crossing the signal lines at 620 level.
Zcash forecast & analysis ZEC/USD on January 16, 2018
Cancellation of the variant of Zcash quotations growth will be a breakdown of the lower boundary of Ichimoku Kinko Hyo Cloud with the closing of quotations below the level of 580, 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 the breakdown of the upper limit of the model «Triangle» and closing above the level of 690.
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