Zcash ZEC/USD completes the trading week near area 368. The cryptocurrency is trading below the lower boundary of the Cloud Ichimoku Kinko Hyo, which indicates the presence of a downward trend for Zcash. The Ichimoku Kinko Hyo Cloud lower limit test is expected near level 385, from which it is expected to rebound and continue the development of a bearish trend in cryptocurrency with a target near level 215.
Zcash (ZEC/USD) weekly forecast March 5 — 9, 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 the drop in Zcash quotations will be a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes above the area of 505, which will indicate the change of the bearish trend in favor of the bullish trend. To expect the acceleration of the fall in quotes ZEC/USD stands with the breakdown of the support level and the closure below area 320.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
