Zcash ZEC/USD is trading at the level of 376. The cryptocurrency is trading below the lower boundary of Ichimoku Kinko Hyo Cloud, which indicates the presence of a bullish trend in Zcash. Ichimoku Kinko Hyo Cloud is expected near the 410 level, from which it is expected to rebound and attempt to continue falling with a target below level 285.
Zcash forecast & analysis ZEC/USD on January 18, 2018
An additional signal in favor of the drop will be a resistance level test. Earlier, we received a weak signal for sell of Zcash cryptocurrency, due to the crossing of signal lines at 625 level. 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 560, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations ZEC/USD is with the breakdown of the lower boundary of the channel and closing below the level of 350.
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