Zcash forecast & analysis ZEC/USD May 14, 2018


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Zcash ZEC/USD is trading at 249. The cryptocurrency is trading below the lower boundary of Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend in Zcash. Ichimoku Kinko Hyo signal line area test is expected near the level of 260, from which we should expect a rebound and an attempt to continue the fall of the cryptocurrency with a target below the level of 200.

Zcash forecast & analysis ZEC/USD May 14, 2018

An additional signal in favor of the fall of the cryptocurrency will be a test of the resistance level, as well as a test of the upper boundary of the bearish channel. Earlier, we received a weak signal for sell of Zcash cryptocurrency, due to the crossing of signal lines at the level of 300.

Zcash forecast & analysis ZEC/USD May 14, 2018

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 quotes above the level of 280, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotes ZEC/USD stands with the breakdown of the support area and closing below the level of 220.


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