Zcash ZEC/USD is closing the trading week near the area of 430. The cryptocurrency is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Zcash. The Ichimoku Kinko Hyo signal line area test is expected near the 410 level, from which it is expected to rebound and continue to develop a bullish trend in cryptocurrency with the target near the level of 620.
Zcash (ZEC/USD) weekly forecast January 1 — 5, 2017
An additional signal will be a test of the support level. Earlier, we received a weak signal for sell of Zcash cryptocurrency, due to the crossing of signal lines at the level of 490. Cancellation of the variant of Zcash quotations growth will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 300, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations ZEC/USD is worth a breakdown level of 500.
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