Zcash forecast & analysis ZEC/USD October 19, 2018


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.

Zcash forecast & analysis ZEC/USD October 19, 2018

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.


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