Zcash is trading at 72.60 and continues to move as part of the correction and the formation of the «Triangle» 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 7, 2019. The test of the upper boundary of the Ichimoku Kinko Hyo Cloud is expected near the 69.55 level. Where can we expect a rebound and an attempt to continue the growth of cryptocurrency with a potential target above the level of 84.00.
Zcash Forecast and Analysis ZEC/USD April 7, 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 «Triangle» model. 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 76.55. The support area for ZEC/USD is at 65.55.
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 the level of 62.85. 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 acceleration of growth of quotes ZEC/USD stands with the breakdown of the upper limit of the model «Triangle» and closing above the level of 76.55.
Zcash Forecast and Analysis ZEC/USD April 7, 2019 involves an attempt to develop a cryptocurrency correction and a test level of 69.55. Where can we expect to continue the growth rate of Zcash with a potential goal near the level of 84.00. Cancellation of the lifting option will be the fall and breakdown of the area of 62.85. This will indicate a continued decline in ZEC/USD quotes with a potential target of 55.65.