Analysis for 2020-05-24
Zcash (ZEC) An additional signal in favor of the growth of the cryptocurrency will be a test of the support level, as well as a test of the lower boundary of the channel. Previously, a strong signal was received for buy of Zcash cryptocurrency, by crossing the signal lines at 235. Canceling the variant of Zcash quotations growth will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the level of 210, which will indicate the change of the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations ZEC/USD stands with the breakdown of the upper limit of the model « Triangle» and the closure above the level of 240.