Zcash ZEC/USD is buying and selling on the degree of 301. The cryptocurrency is buying and selling under the decrease boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish development in Zcash. Ichimoku Kinko Hyo sign line space take a look at is close to the extent 315, from which we count on a rebound and an try and proceed the fall with a objective under the extent of 190. An extra sign in favor of the drop of the cryptocurrency shall be a take a look at of the resistance degree, in addition to a take a look at of the higher boundary of the bearish channel.
Zcash forecast & analysis ZEC/USD on February 7, 2018
Earlier, a powerful sign was obtained for promote of Zcash cryptocurrency, as a result of crossing of sign traces at 325 degree. Cancellation of the variant of falling of quotes Zcash will turn into a breakdown of the higher boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations above the extent of 380, which can point out the change of the bearish development in favor of the bullish development. Expect to speed up the fall in quotes ZEC/USD stands with the breakdown of the assist space and shutting under the extent of 220.