Ascending triangle (bottom formation)

23 июл. 2017 г.

As you can see ZEC is forming a nice ascending triangle as a bottom formation of its former downtrend. The EMA 9 is about to cross EMA 20, which will hopefully cause a breakout and start an uptrend. If it happens the area between breakout and 200 EUR would be a good entry. Based on the fibonacci retracement I see a possible move towards 240 - 250 EUR zone until the next retracement will start.