Zcash ZEC/USD is trading at 215. 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 goal above the level of 255.
Zcash forecast & analysis ZEC/USD on March 24, 2018
An additional signal in favor of the growth of the cryptocurrency will be a test of the lower boundary of the channel. Earlier, a medium strength signal was obtained for sell of Zcash cryptocurrency, due to the crossing of signal lines at 225 level.
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 Cloud Ichimoku Kinko Hyo and the closing above the level of 240, which will indicate the resumption of the bullish trend.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
