Zcash ZEC/USD is trading at 274. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Zcash. Ichimoku Kinko Hyo Cloud is expected to test near the level 285, from which it is expected to rebound and attempt to continue falling of the cryptocurrency with a target below the level of 240.
Zcash forecast & analysis ZEC/USD May 9, 2018
An additional signal in favor of the fall of the cryptocurrency will be a test of the resistance area. Earlier, we received a weak signal for sell of Zcash cryptocurrency, due to the crossing of signal lines at the level of 300.
Cancellation of the variant of falling of quotations Zcash will become a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations above the level 310, which will indicate the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations ZEC/USD stands with the breakdown of the lower limit of the model «Triangle» and closing below the level of 265.