Zcash ZEC/USD is trading at 243. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Zcash. The test area of Ichimoku Kinko Hyo signal lines near the level 255 is expected, from which it is expected to rebound and attempt to continue falling with a target below level 190.
Zcash forecast & analysis ZEC/USD on March 15, 2018
An additional signal in favor of the fall of the cryptocurrency will come from the lower bound of the «Triangle» model. Earlier, a strong signal was received for sell of Zcash cryptocurrency, due to the intersection 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 to accelerate the fall in quotations ZEC/USD is worth a breakdown of the support area and closing below the level of 235.
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