Zcash ZEC/USD is trading at the level of 177. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in Zcash. Ichimoku Kinko Hyo Cloud is expected to test near the 182 level, from which it is expected to rebound and attempt to continue falling with a target below level 150.
Zcash forecast & analysis ZEC/USD April 11, 2018
An additional signal in favor of the fall of the crypto currency will come from the upper bound of the «Triangle» model. Earlier, a weak signal was received for buy of the Zcash, due to the crossing of the signal lines at the level of 180.
Cancellation of the variant of falling of quotations Zcash will become a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations above the level 190, which will indicate the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall of quotations ZEC/USD is with the breakdown of the lower limit of the model «Triangle» and closing below the level of 170.