Zcash ZEC/USD is trading at 308. The cryptocurrency trading above the upper boundary of the clouds Ichimoku Kinko Hyo, indicating a bullish trend of Zcash. It is expected to test the upper boundary of the clouds Ichimoku Kinko Hyo near the level of 285, where we can expect a rebound and attempt to continue with the target cryptocurrency growth above the level of 360.
Zcash forecast & analysis ZEC/USD May 5, 2018
An additional signal in favor of the growth of the cryptocurrency will be a test of the lower border of the channel, as well as a test of the support level. Earlier, a weak signal was received for buy of Zcash, due to the crossing of signal lines at level 285.
Cancellation option will be the growth of quotations Zcash breakdown of cloud Ichimoku Kinko Hyo with closing quotations below the level of 280, which indicates to replace 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 330.
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