Zcash ZEC/USD is trading at 471. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend in Zcash. The Ichimoku Kinko Hyo Cloud upper limit test is expected near 480, from which it is expected to rebound and attempt to continue falling with a target below the level of 400. An additional signal in favor of the drop will be a resistance level test. Earlier, a weak signal was received for buy of Zcash cryptocurrency, due to the crossing of signal lines at level 445.
Zcash forecast & analysis ZEC/USD on January 29, 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 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 in quotations ZEC/USD is with the breakdown of the lower boundary of the model «Triangle» and the closing below the level of 430.
