Zcash ZEC/USD is trading at 215. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Zcash. Ichimoku Kinko Hyo Cloud is expected to test near the level of 230, from which it is expected to rebound and attempt to continue falling with a target below level 150.
Zcash forecast & analysis ZEC/USD on March 20, 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 falling of quotes Zcash will become a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes above the level of 255, which will indicate the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotes ZEC/USD is worth a breakdown of the support area and closing below the level of 155.
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