Zcash ZEC/USD is trading at level 212. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend in Zcash. Ichimoku Kinko Hyo Cloud is expected to test near the level of 205, from which we should expect a rebound and an attempt to continue growth with a target above the level of 255.
Zcash forecast & analysis ZEC/USD on March 23, 2018
An additional signal in favor of the growth of the cryptocurrency will be a test of the level of the upper boundary of the bearish channel. 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 growth of quotations Zcash will be a breakdown of the lower boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotations below the level of 185, which indicates the change of the flat trend in favor of a bearish trend. Expect to accelerate the growth of quotations ZEC/USD stands with the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and the closing above the level of 235, which will indicate the resumption of the bullish trend.
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