Zcash ZEC/USD is trading at the level of 205. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Zcash. The test area of the Ichimoku Kinko Hyo signal lines near the level 245 is expected, from which it is expected to rebound and attempt to continue falling with a target below level 155.
Zcash forecast & analysis ZEC/USD on March 17, 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 drop in Zcash quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the level of 280, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotes ZEC/USD stands with a breakdown of the lower boundary of the bearish channel and closing below the level of 170.
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