Zcash ZEC/USD is trading at level 152. The cryptocurrency is trading 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 160 level, from which one should expect a rebound and an attempt to continue growth with a target below level 120.
Zcash forecast & analysis ZEC/USD April 6, 2018
An additional signal in favor of the fall of the cryptocurrency will be a resistance level test, as well as the formation of the «Head and Shoulders» reversal model. Earlier, a strong signal was received for sell of the Zcash cryptocurrency, due to the crossing of the signal lines at the level of 160.
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 185, 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 support area and closing below the level of 145.