Zcash ZEC/USD is completing the trading week near the area of 209. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in Zcash. The test area of Ichimoku Kinko Hyo signal lines near the level 245 is expected, from which it is expected to rebound and continue the development of a bearish trend in the cryptocurrency with a target near level 90.
Zcash (ZEC/USD) forecast on March 26 — 30, 2018
An additional signal in favor of the fall of the cryptocurrency will be a resistance level test. Earlier, a strong signal was received for sell of Zcash cryptocurrency, due to the crossing of signal lines at level 365.
Cancellation of the variant of falling of quotations of Zcash will become a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations above area 330, which will indicate the change of the bearish trend in favor of the bullish trend. To expect the acceleration of the fall in quotations ZEC/USD stands with the breakdown of the support level and the closure below the area of 160.
However, we should not exclude the attempt to form an bullish model of «Wolfe Wave». The goal of working out this model is the area above the level of 640. In this case, after the test of area 90, quotes of Zcash can show the growth and completion of the bearish trend.