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ZCL[Zclassic] : Falling Wedge Pattern | Breakout coming.

Long
BITTREX:ZCLBTC   None
RSI : 42.2295
Support : 22880 sats
Both EMA(50) and EMA(89) are still above the current candle.
Pattern : Falling wedge
Accumulation Zone : 20850 sats - 24000 sats
Distribution Zones :
Target 1 : 29242 sats
Target 2 : 34759 sats
Target 3 : 41837 sats
Target 4 : 47557 sats
Mid to Long Term Targets
Target 5 : 53277 sats
Target 6 : 61421 sats
Stop Loss : 19000 sats

*Volume needs to increase.
**Breakout and a close above the resistance line must happen for a confirmation.
***Trading strategy needs to be done partially keeping a stoploss as a backup plan.

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Good Luck.
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