Zcash ZEC/USD is trading at the level of 300. Cryptocurrency is trading above the upper bound of the Ichimoku Kinko Hyo Indicator Cloud, which indicates a bullish trend in Zcash. Ichimoku Kinko Hyo Cloud near the level 295 is expected to be tested near the level of 295, from which one should expect a rebound and an attempt to continue growth with the goal above the level of 340.
Zcash prediction & analysis ZEC/USD on November 23, 2017
An additional signal in favor of the growth of the cryptocurrency will be the test of the lower boundary of the bullish channel. Earlier, a weak signal was received for sell of Zcash cryptocurrency due to the crossing of signal lines at level 296. The abolition of the variant of Zcash quotations growth will be the breakdown of the lower boundary of Ichimoku Kinko Hyo Cloud with the closing of quotations below the level of 270, which will indicate an 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 closing above the level of 310.
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