Zcash ZEC/USD is trading at 226. Cryptocurrency is traded within the Ichimoku Kinko Hyo Indicator Cloud, indicating a flat trend in Zcash. Ichimoku Kinko Hyo Cloud near the level 220 is expected to be tested near the level, from which one should expect a rebound and an attempt of further growth with a goal above the level of 250. An additional signal in favor of the growth of the cryptocurrency will be the formation of the «Head and Shoulders» reversal model.
Zcash forecast & analysis ZEC/USD on November 7, 2017
Earlier, a weak signal was received for buy of Zcash cryptocurrency due to the crossing of signal lines at level 225. The cancellation of the variant of Zcash quotations growth will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below level 215, 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 a breakdown level of 240.
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