Zcash is trading at 60.07 and continues to move in the ascending channel. ZEC/USD quotes move above the upper boundary of the Ichimoku Kinko Hyo Cloud. This indicates an uptrend on Zcash. As part of the forecast of the cryptocurrency rate for the week of April 15 — 19, 2019. A test of the Ichimoku Kinko Hyo signal line area is expected near the level of 55.65. Where can we expect a rebound and an attempt to continue the growth of cryptocurrency with a potential target above the level of 75.65.
Zcash Forecast for the week of April 15 — 19, 2019
An additional signal in favor of the growth of cryptocurrency ZEC/USD will be a rebound from the support area. The second signal will be the test of the lower boundary of the ascending channel. Previously, a strong signal was received for BUY the Zcash cryptocurrency. The signal was formed due to the intersection of signal lines at the level of 44.55. The nearest resistance area is at 69.45. The area of support for ZEC/USD is located at 56.55.
Cancellation of the growth option of Zcash quotes will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below 43.55. 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 quotations with the breakdown of the resistance area and closing above 69.75.
Zcash Forecast for the week of April 15 — 19, 2019 implies an attempt to develop a cryptocurrency correction and a test level of 55.65. Where can we expect to continue the growth rate Zcash with a potential goal near the level of 75.65. Cancellation of the lifting option will be the fall and breakdown of the area of 43.55. This will indicate a continued decline in ZEC/USD quotes with a potential target of 37.05.