Zcash ZEC/USD is trading at 68.90 and continues to move as part of the correction. 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 6, 2019. A test of the upper boundary of the Ichimoku Kinko Hyo Cloud is expected near the level of 65.65. Where should we expect a rebound and an attempt to continue the growth of cryptocurrency with a potential target above the level of 82.50.
Zcash Forecast and Analysis ZEC/USD April 6, 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 the test of the lower boundary of the bullish channel. Earlier, a weak signal was received for BUY the Zcash cryptocurrency. The signal was formed due to the intersection of the signal lines at the level of 47.75. The nearest resistance area is at 69.55. The support area for ZEC/USD is at 59.55.
Cancellation of the growth option of Zcash quotes will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with quotes closing below 61.55. 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. ZEC/USD is expected to accelerate the growth of quotes with the breakdown of the resistance area and closing above 77.55.
Zcash Forecast and Analysis ZEC/USD April 6, 2019 suggests an attempt to develop a cryptocurrency correction and a test level of 65.65. Where can we expect to continue the growth rate of Zcash with a potential target near the level of 82.50. Cancellation of the lifting option will be the fall and the breakdown of the 61.55 area. This will indicate a continued decline in ZEC/USD quotes with a potential target of 55.65.