Zcash ZEC/USD is trading at 121 and continues to move as part of the correction. The cryptocurrency is traded inside the Ichimoku Kinko Hyo Cloud, which indicates the presence of a sideways trend in Zcash. As part of the Zcash forecast & analysis ZEC/USD October 29, 2018, a test of the lower boundary of the Ichimoku Kinko Hyo Cloud is expected near the level of 120, from which it is necessary to expect a rebound and an attempt to continue the growth of cryptocurrency with a potential target above the level of 135.
Zcash forecast & analysis ZEC/USD October 29, 2018
An additional signal in favor of the growth of cryptocurrency ZEC/USD will be a rebound from the support area. Previously, a weak signal was received for SELL the Zcash cryptocurrency, due to the crossing of signal lines at 125.
Cancellation of the growth rate of Zcash quotes will be the breakdown of the lower border of the Ichimoku Kinko Hyo Cloud with the closing of quotes below 117, 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 125.
Zcash forecast & analysis ZEC/USD October 29, 2018 involves an attempt to develop a correction of the cryptocurrency and the test of level 120, from which we can expect continued growth of the Zcash rate with a potential target near the level of 135, the fall will cancel the growth option and the breakdown of the area 117 will indicate that the decline will continue quotes ZEC/USD.