Zcash ZEC/USD is trading at the level of 359. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Zcash. Ichimoku Kinko Hyo Cloud near the level 365 is expected to be tested near the level of 365, from which one should expect a rebound and an attempt to continue falling with a target below the level of 300. An additional signal in favor of the drop of the cryptocurrency will be a resistance level test.
Zcash forecast & analysis ZEC/USD on March 1, 2018
Earlier, we received a weak signal for buy of Zcash cryptocurrency, due to the crossing of signal lines at level 365. 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 415, which will indicate a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in quotes ZEC/USD stands with the breakdown of the lower limit of the model «Triangle» and closing below the level of 330.
