Zcash ZEC/USD is trading at 112 and continues to move as part of the decline. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a downward trend in Zcash. As part of the Zcash forecast & analysis ZEC/USD October 15, 2018, the test of the Ichimoku Kinko Hyo signal lines is expected near the level of 115, where a rebound can be expected and an attempt to continue the cryptocurrency decline with a potential target below 95.
Zcash forecast & analysis ZEC/USD October 15, 2018
An additional signal in favor of reducing the cryptocurrency ZEC/USD will be a rebound from the resistance area, as well as a test of the upper limit of the downward channel. Earlier, a signal of average strength was obtained for sell of Zcash cryptocurrency, due to the crossing of signal lines at 126.
Cancellation of the option to reduce quotes Zcash will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above 125, which will indicate a change in the downward trend in favor of the upward trend and continued growth of the digital currency. Expect confirmation of a fall in quotations ZEC/USD stands with the breakdown of the lower boundary of the downward channel and closing below 105.
Zcash forecast & analysis ZEC/USD October 15, 2018 involves an attempt to develop a cryptocurrency correction and a level 115 test, from which we can expect a further decline in the Zcash rate with a potential target near level 95, the reduction option will be canceled by the growth and a breakdown of the area 125, which will indicate continued growth quotes ZEC/USD.
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