Zcash ZEC/USD is trading at 119 and continues to move as part of the correction. The cryptocurrency is traded inside the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend in Zcash. As part of the Zcash forecast & analysis ZEC/USD October 19, 2018, a test of the lower boundary of the Ichimoku Kinko Hyo Cloud is expected near the level of 114, from which it is necessary to expect a rebound and an attempt to continue the growth of cryptocurrency with a potential goal above 132.
Zcash forecast & analysis ZEC/USD October 19, 2018
An additional signal in favor of the growth of cryptocurrency ZEC/USD will be a rebound from the support area. Previously, a weak signal was received for sell of Zcash cryptocurrency, due to the crossing of signal lines at the level of 120.
Cancellation of the growth rate of Zcash quotes will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with quotes closing below 110, which will indicate a change in the upward trend in favor of the downward trend and the continued decline of the digital currency. Expect acceleration of growth of quotations ZEC/USD stands with the breakdown of the upper boundary of the downward channel and closing above the level of 120.
Zcash forecast & analysis ZEC/USD October 19, 2018 involves an attempt to develop cryptocurrency correction and test level 114, from which we can expect continued growth of Zcash rate with a potential target near level 132, the fall will cancel the growth option and a breakdown of the area 110 will indicate further decline quotes ZEC/USD.