Zcash ZEC/USD is closing the trading week near the 353 area. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Zcash. Ichimoku Kinko Hyo Cloud near the 380 level is expected to be tested near the level of 380, from which it is expected to rebound and continue the development of the bearish trend in cryptocurrency with the aim near the level of 255. An additional signal in favor of the drop of the cryptocurrency will be the test of the upper boundary of the bearish channel.
Zcash (ZEC/USD) forecast February 26 — March 2, 2018
Earlier, a weak signal was received for buy of Zcash cryptocurrency, due to the crossing of signal lines at level 375. 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 505, which will indicate the change of the bearish trend in favor of the bullish trend. To expect the acceleration of the fall in quotations ZEC/USD stands with the breakdown of the support level and the closure below the area of 240.
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