Zcash ZEC/USD is trading at 127 and continues to move as part of growth. Cryptocurrency is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a downward trend in Zcash. As part of the Zcash forecast & analysis ZEC/USD October 22, 2018, Ichimoku Kinko Hyo signal lines are expected to test near level 123, from where a rebound is expected and an attempt to continue cryptocurrency growth with a potential target above level 140.
Zcash forecast & analysis ZEC/USD October 22, 2018
An additional signal in favor of the growth of cryptocurrency ZEC/USD will be a rebound from the support area, as well as a test of the upper limit of the downward channel. Previously, a weak signal was received for sell of Zcash cryptocurrency, due to the crossing of signal lines at the level of 120.
Cancellation of the growth option of Zcash quotes will be a breakdown of the lower border of the Ichimoku Kinko Hyo Cloud with quotes closing below 116, which will indicate a change in the upward trend in favor of the downward trend and the continued decline of the digital currency. ZEC/USD is expected to accelerate the growth of quotes with the breakdown of the resistance area and closing above 130.
Zcash forecast & analysis ZEC/USD October 22, 2018 involves an attempt to develop a correction of the cryptocurrency and the 123 level test, from which we can expect continued growth of the Zcash rate with a potential target near the level of 140, the fall will cancel the growth option and the breakdown of the area 116 will indicate that the decline will continue quotes ZEC/USD.