Zcash ZEC/USD is trading at the level of 181. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Zcash. The test area of Ichimoku Kinko Hyo signal lines near the 200 level is expected, from which one should expect a rebound and an attempt to continue growth with a target below level 145.
Zcash forecast & analysis ZEC/USD on March 29, 2018
An additional signal in favor of the fall of the cryptocurrency will be a resistance level test. 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 in quotations ZEC/USD is with the breakdown of the support area and closing below 175.