Zcash ZEC/USD is trading at 676. The cryptocurrency is trading above the upper limit of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in Zcash. Ichimoku Kinko Hyo Cloud near the 640 level is expected to be tested near the 640 level, from which one 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 14, 2018
Earlier, a signal of medium strength was obtained for buy of the Zcash cryptocurrency, by crossing the signal lines at 620 level. Cancellation of the variant of Zcash quotations growth will be a breakdown of the lower boundary of Ichimoku Kinko Hyo Cloud with the closing of quotations below the level of 580, which will indicate the change of the bullish trend in favor of the 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.