Zcash ZEC/USD is trading at 348. The cryptocurrency is trading above the upper limit of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Zcash. Ichimoku Kinko Hyo signal line area test is expected near the level 340, from which we should expect a rebound and an attempt to continue the growth of the cryptocurrency with a target above the 440 level.
Zcash forecast & analysis ZEC/USD May 18, 2018
An additional signal in favor of the growth of the cryptocurrency will be a support level test, as well as a test of the lower bound of the «Triangle» model. 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.
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 stands with the breakdown of the upper limit of the model «Triangle» and the closure above the level of 380.