Zcash ZEC/USD completes trading week near area 186. The cryptocurrency is trading below the lower boundary of Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend in Zcash. The test area of Ichimoku Kinko Hyo signal lines near level 225 is expected, from which it is expected to rebound and continue the development of a bearish trend in cryptocurrency with a target near level 110.
Zcash (ZEC/USD) forecast April 9 — 13, 2018
An additional signal in favor of the fall of the cryptocurrency will be the test of the upper boundary of the bearish channel. Earlier, a strong signal was received for sell of Zcash cryptocurrency, due to the crossing of signal lines at level 365.
Cancellation of the variant of falling of quotations Zcash will become a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations above the area of 350, which will indicate the change of 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 140.
However, we should not exclude the attempt to create a bullish model of the «Wolfe Wave». The target of working out this model is the area above the level of 640. In this case, after the test of the area of 110, the quotes of Zcash can show the growth and completion of the bearish trend.