Zcash (ZEC/USD) weekly forecast December 4 — 8, 2017


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Zcash ZEC/USD completes trading week near area 337. Cryptocurrency is traded above the upper boundary of Ichimoku Kinko Hyo Cloud, which indicates the presence of a bullish trend in Zcash. Ichimoku Kinko Hyo signal line area test near the 320 level is expected, from which it is expected to rebound and continue the development of the bullish trend in cryptocurrency with the target near the level 440. An additional signal of the growth of the cryptocurrency will be a test of the support level.

Zcash (ZEC/USD) weekly forecast December 4 — 8, 2017

Zcash (ZEC/USD) weekly forecast December 4 — 8, 2017

Earlier, we received a weak signal for buy of Zcash cryptocurrency due to the crossing of signal lines at level 230. Cancellation of the variant of growth of Zcash quotations will be a breakdown of the lower boundary of Ichimoku Kinko Hyo Cloud with the closing of quotations below area 245, 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 370.

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