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 we should expect a rebound and an attempt to continue growth with a target below level 115.
Zcash forecast & analysis ZEC/USD April 9, 2018
An additional signal in favor of the fall of the cryptocurrency will come from the upper bound of the «Triangle» 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 the drop in Zcash quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the level of 170, which will indicate a change in the bearish trend in favor of the bullish trend. To expect the acceleration of the fall in quotations ZEC/USD stands with the breakdown of the support area and the closure below the level of 140.