Zcash ZEC/USD is trading at 433. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Zcash. Ichimoku Kinko Hyo Cloud near the level 420 is expected to be tested near the level of 420, from which we should expect a rebound and an attempt to continue growth with a target above 545. An additional signal in favor of the growth of the cryptocurrency will be the upper limit of the «Triangle» model.
Zcash forecast & analysis ZEC/USD on February 16, 2018
Earlier, a strong signal was received for buy of the Zcash cryptocurrency, due to the crossing of the signal lines at 420 level. 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 335, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations ZEC/USD is with a breakdown of the resistance area and the closing above the level of 470.
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