Zcash ZEC/USD is trading at 193. 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 205 level, from which it is expected to rebound and attempt to continue growth with a target below level 155.
Zcash forecast & analysis ZEC/USD on March 27, 2018
An additional signal in favor of the fall of the cryptocurrency will be a test of the resistance area. 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 become a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations above the level of 225, which will indicate the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations ZEC/USD is with the breakdown of the support area and closing below 175.