Zcash ZEC/USD is trading at 251. 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 265, from which it is expected to rebound and attempt to continue falling with a target below the level of 180.
Zcash forecast & analysis ZEC/USD on March 14, 2018
An additional signal in favor of the fall of the cryptocurrency will come from the upper bound of the «Triangle» model. Earlier, a strong signal was received for sell 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 quotations above the level of 320, 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 the closing below the level of 235.