Zcash ZEC/USD is trading at the level of 161. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Zcash. Ichimoku Kinko Hyo Cloud is expected to test near the level of 170, from which we should expect a rebound and an attempt to continue growth with a target below level 120.
Zcash forecast & analysis ZEC/USD April 3, 2018
An additional signal in favor of the fall of the cryptocurrency will be a resistance level test. Earlier, a medium strength signal was obtained for sell of Zcash cryptocurrency, due to the crossing of signal lines at 225 level.
Cancellation of the variant of falling of quotes Zcash will become a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations above the level of 200, which will indicate the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations ZEC/USD stands with the breakdown of the lower boundary of the channel and closing below the level of 135.