Zcash ZEC/USD is trading at 219. 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 level 245 is expected, from which it is expected to rebound and attempt to continue falling with a target below level 160.
Zcash forecast & analysis ZEC/USD on March 16, 2018
An additional signal in favor of the fall of the cryptocurrency will be a test of the upper boundary of the channel, as well as a test of the resistance level. 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 fall of quotations Zcash will be a breakdown of the upper boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotes above the level of 300, which indicates the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations ZEC/USD stands with a breakdown of the lower boundary of the bearish channel and closing below the level of 180.
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