Zcash ZEC/USD is trading at 656. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates that there is a bullish trend in Zcash. Ichimoku Kinko Hyo Cloud near the 640 level is expected to be tested near the 640 level, from which we should expect a rebound and an attempt to continue growth with a target above the level of 850.
Zcash forecast & analysis ZEC/USD on January 13, 2018
Earlier, we received a weak signal for sell of Zcash cryptocurrency, by crossing the signal lines at 630 level. Cancellation of the variant of Zcash quotations growth will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes below the level of 570, 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 level and closing above the level of 690.