Zcash ZEC/USD is trading at 616. The cryptocurrency is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in Zcash. Ichimoku Kinko Hyo signal line area test near the 590 level is expected, from which it is expected to rebound and attempt to continue growth with the target above the level of 730. An additional signal in favor of the growth of the cryptocurrency will be the test of the lower border of the channel.
Zcash forecast & analysis ZEC/USD on January 9, 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 Zcash quotations growth will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the level of 455, 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 level of 670.