Zcash ZEC/USD is trading at 421. 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 is near the 425 level, 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 drop will be a resistance level test.
Zcash forecast & analysis ZEC/USD on January 26, 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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