Zcash forecast & analysis ZEC/USD on March 14, 2018


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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.

Zcash forecast & analysis ZEC/USD on March 14, 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 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.

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