Zcash ZEC/USD is trading at level 212. The cryptocurrency is trading below the lower boundary of the Cloud Ichimoku Kinko Hyo, which indicates the presence of a bearish trend for 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 21, 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 weak signal was received for buy of the Zcash cryptocurrency, due to the crossing of the signal lines at the level of 180.
Cancellation of the variant of the fall of quotes Zcash will be a breakdown of the upper boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotes above the level of 240, which indicates 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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