Zcash ZEC/USD is closing the trading week near area 427. The cryptocurrency is trading below the lower boundary of Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend in Zcash. Ichimoku Kinko Hyo Cloud near the level 490 is expected to test near the level of 490, from which it is expected to rebound and continue the development of the downward trend in the crypto currency with the target near the level of 255.
Zcash (ZEC/USD) weekly forecast February 19 — 23, 2018
An additional signal in favor of the drop of the cryptocurrency will be a test of the resistance area. 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 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 stands with the breakdown of the support level and the closure below the area of 365.
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