Zcash ZEC/USD is trading at the level of 187. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates that there is an bullish trend in Zcash. A test of the upper limit of the Cloud of the indicator near the level 185 is expected, from which one should expect a rebound and an attempt of further growth with a goal above the level of 230. An additional signal in favor of the growth of the cryptocurrency will be a breakdown of the resistance level.
Zcash forecast & analysis ZEC/USD on September 23, 2017
Earlier, a signal of medium strength was obtained for sales of Zcash cryptocurrency due to the crossing of signal lines at level 185. The cancellation 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 area of 175, 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 195.