Zcash ZEC/USD is trading at 518. 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 signal line area test is near the 495 level, from which we expect a rebound and an attempt to continue growth with a target above the level of 600.
Zcash forecast & analysis ZEC/USD on January 3, 2018
Earlier, we received a weak signal for buy of Zcash cryptocurrency due to the crossing of signal lines at 455 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 525, 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 a breakdown of the level of 550.