Zcash ZEC/USD is trading at 409. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Zcash. Ichimoku Kinko Hyo signal line area test near level 430 is expected, from which it is expected to rebound and attempt to continue falling with a target below 275. Earlier, a strong signal was received for sell of Zcash cryptocurrency, due to crossing of signal lines at level 475.
Zcash forecast & analysis ZEC/USD on January 23, 2018
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 quotations above the level of 525, which will indicate a change in 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 370.
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