Zcash ZEC/USD is closing the trading week near the 450 area. Cryptocurrency is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the bullish trend in Zcash. Ichimoku Kinko Hyo signal line area test is near the 400 level, from which it is expected to rebound and continue to develop a bullish trend in cryptocurrency with a target near the level of 640.
Zcash (ZEC/USD) weekly forecast December 25 — 29, 2017
An additional signal will be a test of the support level. Earlier, a strong signal was received for buy of Zcash cryptocurrency due to the intersection of signal lines at level 295. The abolition of the variant of Zcash quotations growth will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below area 290, which will indicate the change of the bullish tendency in favor of the bearish trend. Expect to accelerate the growth of quotations ZEC/USD stands with a breakdown of the level of 510.
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