Zcash forecast & analysis ZEC/USD May 16, 2018

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Zcash ZEC/USD is trading at the level of 358. The cryptocurrency is trading above the upper limit of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bullish trend in Zcash. The Ichimoku Kinko Hyo signal line area test is expected near the 330 level, from which we should expect a rebound and an attempt to continue the growth of the crypto currency with a target above the 440 level.

Zcash forecast & analysis ZEC/USD May 16, 2018

An additional signal in favor of the growth of the cryptocurrency will be a test of the support level, as well as a test of the lower border of the channel. Earlier, we received a weak signal for buy of the Zcash cryptocurrency, due to the crossing of the signal lines at the level of 270.

Zcash forecast & analysis ZEC/USD May 16, 2018

Cancellation of the variant of growth of quotations Zcash will be a breakdown of the lower boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotations below the level 300, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations ZEC/USD is with a breakdown of the resistance area and closing above the level of 400.

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