Zcash ZEC/USD is trading at 244. Cryptocurrency is trading above the upper bound of the Ichimoku Kinko Hyo Indicator Cloud, indicating that there is an bullish trend in Zcash. Ichimoku Kinko Hyo signal line area test is expected near the level of 240, from which one should expect a rebound and an attempt of further growth with the goal above the level of 265. An additional signal in favor of the growth of the cryptocurrency is the formation of the «Head and Shoulders» reversal model.
Zcash forecast & analysis ZEC/USD on November 10, 2017
Earlier, we received a weak signal for buy of Zcash cryptocurrency due to the intersection of signal lines at level 225. Cancellation of the variant of Zcash quotations growth will be a breakdown of the lower boundary of Ichimoku Kinko Hyo Cloud with the closing of quotations below level 220, 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 250.
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