Zcash forecast & analysis ZEC/USD May 20, 2018


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Zcash ZEC/USD is trading at 348. The cryptocurrency is trading above the upper limit of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Zcash. The test area of ​​Ichimoku Kinko Hyo signal lines near level 330 is expected, from which we should expect a rebound and an attempt to continue the growth of the cryptocurrency with a target above the level of 420.

Zcash forecast & analysis ZEC/USD May 20, 2018

An additional signal in favor of the growth of the cryptocurrency will be a support level test, as well as a test of the lower bound of the «Triangle» model. 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.

Zcash forecast & analysis ZEC/USD May 20, 2018

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 stands with the breakdown of the upper limit of the model «Triangle» and the closure above the level of 360.


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