Zcash ZEC/USD completes the trading week near area 421. The cryptocurrency is trading below the lower boundary of Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend in Zcash. A test of the signal line area near the 485 level is expected, from which it is expected to rebound and continue the development of a bearish trend in the cryptocurrency with the aim near the level of 215. An additional signal in favor of the fall of the cryptocurrency will be the test of the upper boundary of the bearish channel.
Zcash (ZEC/USD) weekly forecast February 12 — 16, 2018
Earlier, a weak signal was received for sell of Zcash cryptocurrency, due to the crossing of signal lines at 550 level. Cancellation of the variant of the drop in Zcash quotations will be a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes above the area of 545, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotes ZEC/USD is with a breakdown of the level of support and closing below the area of 350.