Zcash forecast & analysis ZEC/USD April 9, 2018


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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.

Zcash forecast & analysis ZEC/USD April 9, 2018

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.


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