Zcash ZEC/USD is trading at 413. The cryptocurrency is trading below the lower boundary of Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend in Zcash. Ichimoku Kinko Hyo signal line area test near level 425 is expected, from which it is expected to rebound and attempt to continue falling with the target below level 275. 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 25, 2018
Earlier, a strong signal was received for sell of Zcash cryptocurrency, due to the crossing of signal lines at level 475. 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 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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