Zcash ZEC/USD is trading at the level of 358. The cryptocurrency is trading above the upper limit of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bullish trend in Zcash. The Ichimoku Kinko Hyo signal line area test is expected near the 330 level, from which we should expect a rebound and an attempt to continue the growth of the crypto currency with a target above the 440 level.
Zcash forecast & analysis ZEC/USD May 16, 2018
An additional signal in favor of the growth of the cryptocurrency will be a test of the support level, as well as a test of the lower border of the channel. Earlier, we received a weak signal for buy of the Zcash cryptocurrency, due to the crossing of the signal lines at the level of 270.
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 300, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations ZEC/USD is with a breakdown of the resistance area and closing above the level of 400.