Zcash ZEC/USD is trading at 47.44 and continues to move as part of the correction and the formation of an inverted «Head and Shoulders» model. ZEC/USD quotes are moving inside Ichimoku Kinko Hyo clouds. This indicates the presence of a sideways trend on Zcash. As part of the cryptocurrency exchange rate forecast for March 31, 2019. A test of the lower boundary of the Ichimoku Kinko Hyo Cloud is expected near the level of 46.45. Where should we expect a rebound and an attempt to continue the growth of cryptocurrency with a potential goal above the level of 53.55.
Zcash forecast and Analysis ZEC/USD March 31, 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 formation of an inverted model of «Head and Shoulders». Earlier, a weak signal was received for BUY the Zcash cryptocurrency. The signal was formed due to the intersection of the signal lines at 46.50. The nearest resistance area is at 51.35. The support area for ZEC/USD is at 46.55.
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 45.35. This will indicate a change in the side trend in favor of the downward trend and the continuation of the decline in the rate of digital currency. ZEC/USD quotes growth is expected to accelerate with the breakdown of the resistance area and closing above 50.35.
Zcash forecast and Analysis ZEC/USD March 31, 2019 involves an attempt to develop a cryptocurrency correction and a test level of 46.45. Where can we expect to continue the growth rate of Zcash with a potential target near the level of 53.55. Cancellation of the lifting option will be the fall and the breakdown of the area of 45.35. This will indicate a continued decline in ZEC/USD quotes with a potential target of 40.25.