Zcash ZEC/USD is trading at 416. 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 level 285. An additional signal in favor of the drop will be a resistance level test, as well as a test of the upper boundary of the bearish channel.
Zcash forecast & analysis ZEC/USD on January 27, 2018
Earlier, we received a weak signal for buy of Zcash cryptocurrency, due to the crossing of signal lines at level 420. 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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