Zcash ZEC/USD is trading at 242. Cryptocurrency is traded above the upper bound of the Ichimoku Kinko Hyo Indicator Cloud, indicating that there is a bullish trend in Zcash. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the 235 level, from which one should expect a rebound and an attempt to continue growth with the goal above the level of 265. An additional signal in favor of the growth of the cryptocurrency will be the test of the lower boundary of the bullish channel.
Zcash forecast & analysis ZEC/USD on November 12, 2017
Earlier, we received a weak signal for buy of Zcash cryptocurrency due to the crossing of signal lines at level 265. The abolition of the variant of Zcash quotations growth will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below 225, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations ZEC/USD is worth a breakdown level of 250.
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