Zcash ZEC/USD is trading at 281. 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 level 285, from which it is expected to rebound and attempt to continue falling with a target below the level of 200.
Zcash forecast & analysis ZEC/USD on March 11, 2018
An additional signal in favor of the fall of the cryptocurrency will be the test of the upper boundary of the bearish channel. Earlier, a strong signal was received for sales of Zcash cryptocurrency, due to the crossing of signal lines at level 360.
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 335, which will indicate the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations ZEC/USD is worth a breakdown of the support area and closing below the level of 225.
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