Zcash ZEC/USD is trading at 274. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Zcash. The test area of Ichimoku Kinko Hyo signal lines near the level of 280 is expected, from which one should expect a rebound and an attempt to continue falling of the cryptocurrency with a target below the level of 240.
Zcash forecast & analysis ZEC/USD May 10, 2018
An additional signal in favor of the fall of the cryptocurrency will come from the lower bound of the «Triangle» model. Earlier, we received a weak signal for sell of Zcash cryptocurrency, due to the crossing of signal lines at the level of 300.
Cancellation of the variant of the drop in Zcash quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the level of 290, which will indicate a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in quotations ZEC/USD is with the breakdown of the support area and closing below the level of 260.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
