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 5, 2018
Earlier, we received a weak signal for buy of Zcash cryptocurrency, due to the intersection of signal lines at 360 level. Cancellation of the variant of falling of quotations Zcash will become a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations above the level of 390, 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 with the breakdown of the support area and closing below the level of 335.
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