Zcash ZEC/USD is trading at the level of 362. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in Zcash. Ichimoku Kinko Hyo Cloud is expected to test near the 370 level, from which it is expected to rebound and attempt to continue falling with a target below the level of 300. An additional signal in favor of the drop of the cryptocurrency will be a resistance level test.
Zcash forecast & analysis ZEC/USD on March 2, 2018
Earlier, a strong signal was received for sell of Zcash cryptocurrency, due to the crossing of signal lines at level 365. 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 quotations above the level of 405, which will indicate the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall of quotations ZEC/USD is with the breakdown of the lower limit of the model «Triangle» and closing below the level of 335.
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