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Ascending triangle (bottom formation)

Long
KRAKEN:ZECEUR   ZEC / EUR
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.
http://www.pascal-simon.de - Custom indicator development

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