Zcash ZEC/USD is trading at the level of 351. 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 is expected to test near the level 365, from which it is expected to rebound and attempt to continue falling with a target below level 310.
Zcash forecast & analysis ZEC/USD on March 7, 2018
An additional signal in favor of the fall of the cryptocurrency will be 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 of Ichimoku Kinko Hyo with the closing of quotations above the level of 380, 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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