Zcash ZEC/USD is trading at the level of 754. The cryptocurrency is traded above the upper boundary 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 level of 690, from which one should expect a rebound and an attempt to continue growth with a target above the level of 900. An additional signal in favor of the growth of the cryptocurrency will be a test of the support level.
Zcash forecast & analysis ZEC/USD on January 8, 2018
Earlier, a weak signal was received for buy of the Zcash cryptocurrency, due to the crossing of the signal lines at the level of 455. Cancellation of the variant of the growth of Zcash quotations will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the level of 530, 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 of the level of 790.