Zcash ZEC/USD is trading at 485. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating that there is a bullish trend in Zcash. Ichimoku Kinko Hyo Cloud is expected near the level of 530, from which we should expect a rebound and an attempt to continue falling with a target below the level of 390.
Zcash forecast & analysis ZEC/USD on January 17, 2018
Earlier we received a weak signal for sell of Zcash cryptocurrency, due to crossing of signal lines at 625 level. Cancellation of the variant of falling of quotations Zcash will become a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations above the level of 620, which will indicate the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotes ZEC/USD is with the breakdown of the lower boundary of the channel and closing below the level of 370.
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