Zcash ZEC/USD is trading at 221. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bullish trend in Zcash. The test area of Ichimoku Kinko Hyo signal lines near level 210 is expected, from which we should expect a rebound and an attempt to continue growth with a target above the level of 260.
Zcash forecast & analysis ZEC/USD April 15, 2018
An additional signal in favor of the growth of the cryptocurrency will be a test of the support level, as well as a test of the lower border of the channel. Earlier, a weak signal was received for buy of the Zcash cryptocurrency, due to the crossing of the signal lines at the level of 180.
Cancellation of the variant of growth of quotations Zcash will be a breakdown of the lower boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotations below the level of 180, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations ZEC/USD stands with the breakdown of the resistance area and the closing above the level of 245.