Zcash ZEC/USD is trading at 49.02 and continues to move as part of the correction and the formation of an inverted «Head and Shoulders» model. ZEC/USD quotes move above the upper boundary of the Ichimoku Kinko Hyo Cloud. This indicates an uptrend on Zcash. As part of the cryptocurrency exchange rate forecast for April 1, 2019. The test of the lower boundary of the Ichimoku Kinko Hyo Cloud near the level of 47.75 is expected. Where can we expect a rebound and an attempt to continue the growth of cryptocurrency with a potential goal above the level of 53.00.
Zcash forecast and Analysis ZEC/USD April 1, 2019
An additional signal in favor of raising the cryptocurrency ZEC/USD will be a rebound from the support area. The second signal will be a «Head and Shoulders» neckline test. Earlier, a weak signal was received for BUY the Zcash cryptocurrency. The signal was formed due to the intersection of signal lines at the level of 46.85. The nearest resistance area is at 50.05. The support area for ZEC/USD is located at 47.55.
Cancellation of the growth option of Zcash quotes will be the breakdown of the lower border of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the level of 46.25. This will indicate a change in the upward trend in favor of the downward trend and the continuation of the fall in the rate of digital currency. Expect to accelerate the growth of quotations ZEC/USD stands with the breakdown of the resistance area and closing above the level of 50.05.
Zcash forecast and Analysis ZEC/USD April 1, 2019 involves an attempt to develop a cryptocurrency correction and a test level of 47.75. Where can we expect to continue the growth rate of Zcash with a potential goal near the level of 53.00. Cancellation of the lifting option will be the fall and the breakdown of the area 46.25. This will indicate a continued decline in ZEC/USD quotes with a potential target of 40.25.