Zcash ZEC/USD is closing the trading week near the area of 299. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Zcash. It is expected to test the area of the signal lines near the 360 level, from which it is expected to rebound and continue the development of a bearish trend in the cryptocurrency with the target near the level of 200. An additional signal in favor of the drop of the cryptocurrency will be a resistance level test.
Zcash (ZEC/USD) weekly forecast February 5 — 9, 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 Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 540, 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 worth a breakdown of the support level and closing below the area of 250.
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