Zcash ZEC/USD is trading at 597. The cryptocurrency is trading above the upper limit of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in Zcash. Ichimoku Kinko Hyo signal line area test near the 550 level is expected, from which we should expect a rebound and an attempt to continue growth with the target above the level of 690.
Zcash forecast & analysis ZEC/USD on January 7, 2018
Earlier we received a weak signal for buy of Zcash cryptocurrency due to the crossing of signal lines at 455 level. Cancellation of the variant of Zcash quotations growth will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the level of 440, 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 with a breakdown of the resistance level and closing above 620.