Zcash ZEC/USD is trading at 368. 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 375 level, from which it is expected to rebound and attempt to continue falling with a target below level 315.
Zcash forecast & analysis ZEC/USD on March 6, 2018
An additional signal in favor of the fall of the cryptocurrency will come from the upper bound of the «Triangle» model. Earlier, we received a weak signal for buy of Zcash cryptocurrency, due to the crossing of signal lines at 360 level.
Cancellation of the variant of falling of quotes Zcash will become a breakdown of the upper boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotations above the level 390, which will indicate the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall of quotations ZEC/USD is worth a breakdown of the support area and closing below the level of 340.
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