Zcash ZEC/USD is trading at 308. cryptocurrency trading above the upper boundary of the clouds Ichimoku Kinko Hyo, indicating a bullish trend of Zcash. Ichimoku Kinko Hyo Cloud is expected to test near the level of 290, from which one should expect a rebound and an attempt to continue the growth of the cryptocurrency with a target above the level of 360.
Zcash forecast & analysis ZEC/USD May 6, 2018
An additional signal in favor of the growth of the cryptocurrency will be a test of the support level. Earlier, a weak signal was received for buy of Zcash cryptocurrency, 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 stands with the breakdown of the upper limit of the model «Triangle» and closing above the level of 320.
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