Zcash is trading at 61.65 and continues to move within the framework 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 9, 2019. The test of the upper limit of the Ichimoku Kinko Hyo Cloud is expected near the level of 59.85. Where can we expect a rebound and an attempt to continue the growth of cryptocurrency with a potential goal above the level of 73.50.
Zcash Forecast and Analysis ZEC/USD April 9, 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 68.85. The area of support for ZEC/USD is at 57.95.
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 55.75. 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 in quotes ZEC/USD stands with the breakdown of the upper limit of the model «Triangle» and closing above the level of 68.55.
Zcash Forecast and Analysis ZEC/USD April 9, 2019 involves an attempt to develop a cryptocurrency correction and a test of the level of 59.85. Where can we expect to continue the growth rate of Zcash with a potential target near the level of 73.50. Cancellation of the lifting option will be the fall and the breakdown of the area of 55.75. This will indicate a continued decline in ZEC/USD quotes with a potential target of 50.65.