Zcash ZEC/USD is trading at 635. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in Zcash. Ichimoku Kinko Hyo Cloud near the level 600 is expected to be tested near the level of 600, from which one should expect a rebound and an attempt to continue growth with a target above the level of 800. An additional signal in favor of the growth of the cryptocurrency will be the test of the uptrend line.
Zcash forecast & analysis ZEC/USD on January 11, 2018
Earlier, a strong signal was received for buy of Zcash cryptocurrency, due to the crossing of signal lines at 630 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 of 550, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations ZEC/USD stands with the breakdown of the upper limit of the model «Wedge» and closing above the level of 650.