Zcash ZEC/USD is trading at 122 and continues to move as part of growth. Cryptocurrency is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of an upward trend in Zcash. As part of the Zcash forecast & analysis ZEC/USD November 5, 2018 a test of the Ichimoku Kinko Hyo signal lines is expected near the level of 120, from where a rebound is expected and an attempt to continue the growth of cryptocurrency with a potential target above 135
Zcash forecast & analysis ZEC/USD November 5, 2018
An additional signal in favor of the growth of cryptocurrency ZEC/USD will be a rebound from the support area, as well as a test of the upper limit of the downward channel. Previously, a weak signal was received for BUY the Zcash cryptocurrency, due to the intersection of signal lines at the level of 117.
Cancellation of the growth rate of Zcash quotes will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with quotes closing below 115, which will indicate a change in the upward trend in favor of the downward trend and the continued decline of the digital currency. ZEC/USD is expected to accelerate the growth of quotes with the breakdown of the resistance area and closing above 125.
Zcash forecast & analysis ZEC/USD November 5, 2018 involves an attempt to develop a correction of the cryptocurrency and test level 120, from which we can expect continued growth of the Zcash rate with a potential target near the level of 135. The decline and the breakdown of the area 115 will cancel the growth option, which will indicate a continued decline quotes ZEC/USD.