Zcash ZEC/USD is closing the trading week near area 624. The cryptocurrency is traded above the upper boundary of Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in Zcash. Ichimoku Kinko Hyo signal line area test is near the 560 level, from which it is expected to rebound and continue to develop a bullish trend in cryptocurrency with a target near the level of 850.
Zcash (ZEC/USD) weekly forecast January 15 — 19, 2018
An additional signal will be a test of the support level, as well as a test of the lower boundary of the bullish channel. Earlier, a strong signal was received for buy of the Zcash cryptocurrency, due to the crossing of the signal lines at the level of 490. Cancellation of the variant of growth of quotations Zcash will be a breakdown of the lower boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotations below the area of 400, which will indicate the change of the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations ZEC/USD stands with a breakdown of the level of 700.
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