Zcash ZEC/USD is trading at the level of 208. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Zcash. Ichimoku Kinko Hyo Cloud is expected to test near the level 215, from which it is expected to rebound and attempt to continue growth with a target below level 170.
Zcash forecast & analysis ZEC/USD on March 26, 2018
An additional signal in favor of the fall of the crypto currency will come from the upper bound of the «Triangle» model. Earlier, a medium strength signal was obtained for sell of Zcash cryptocurrency, due to the crossing of signal lines at 225 level.
Cancellation of the variant of falling of quotations Zcash will be a breakdown of the upper boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotations above the level of 220, which will indicate the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall of quotations ZEC/USD is with the breakdown of the lower limit of the model «Triangle» and closing below the level of 190.