Zcash ZEC/USD is trading at the level of 352. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in Zcash. Ichimoku Kinko Hyo Cloud is expected to test near the 340 level, from which it is expected to rebound and try to continue the growth of the cryptocurrency with a goal above the level of 420.
Zcash forecast & analysis ZEC/USD May 21, 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 sell of Zcash cryptocurrency, due to the crossing of signal lines at the level of 350.
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 360.
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