Zcash ZEC/USD is trading at 488. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating that there is a bullish trend in Zcash. Ichimoku Kinko Hyo Cloud is expected near the 515 level, from which it is expected to rebound and attempt to continue falling with a target below the level of 340. An additional signal in favor of the fall will be the test of the upper boundary of the bearish channel.
Zcash forecast & analysis ZEC/USD on January 20, 2018
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 falling of quotations 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 630, which will indicate the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall of quotations ZEC/USD stands with a breakdown of the level of 445.
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