Zcash ZEC/USD is trading at the level of 231. 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 225 level, from which one should expect a rebound and an attempt at further growth with the target above the level of 255.
Zcash forecast & analysis ZEC/USD on November 8, 2017
An additional signal in favor of the growth of the cryptocurrency will be the formation of the «Head and Shoulders» reversal model. Earlier, we received a weak signal for buy of Zcash cryptocurrency due to the crossing of signal lines at level 225. The abolition of the variant of Zcash quotations growth will be a breakdown of the lower boundary of Ichimoku Kinko Hyo Cloud with the closing of quotations below level 220, 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 a breakdown level of 240.
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