Zcash ZEC/USD is trading at 497. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Zcash. Ichimoku Kinko Hyo Cloud is expected to test near the 485 level, from which we should expect a rebound and an attempt to continue growth with a target above the level of 605.
Zcash forecast & analysis ZEC/USD on January 5, 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 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 430, which will indicate the 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.