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 near the level 370 is expected to be tested near the level of 370, from which one should expect a rebound and attempt to continue the fall with a target below the level of 305. An additional signal in favor of the drop of the cryptocurrency will come from the upper bound of the «Triangle» model.
Zcash forecast & analysis ZEC/USD on March 4, 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 Cloud of Ichimoku Kinko Hyo with the closing of quotes above the level of 400, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotes ZEC/USD is with the breakdown of the support area and closing below the level of 335.
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