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Az_am_I
Oct 23, 2017 7:57 AM

Zcoin waking up Long

Description

Z coin has been catching some Zs lately, sleeping on the floor at the 0.236 fib. Recently it woke back up and made a break for the 0.382 fib, but the excitement peaked at resistance from the 235 SMA (purple). The pull back brought the 7 SMA (green) down with it, giving us the thumbs down when it couldn't break the 77 SMA (white). A retest on the 0.236 fib floor resulted in a pass, and the thumbs up has now been given after the 7 (green) and 21 (red) SMA have crossed the 77 (white), and appear ready to move up!
Target should be just below the 0.5 fib at around 0.00319. We could see a pull back to the 77 SMA first, but overall be ready for a run!

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