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. Ichimoku Kinko Hyo signal line area test is near the 235 level, from which it is expected to rebound and attempt further growth with the target above the level of 265.
Zcash forecast & analysis ZEC/USD on November 9, 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 is worth a breakdown level of 250.
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