Zcoin (XZC) support is found around early 2017 prices. Most altcoins found support around late 2017, the yellow square on the image above, the left side, that's January through February 2017, marked with two vertical purple lines.
Now this support level is touched again, soon after XZCBTC created a hammer candlestick (reversal signal) at the bottom of the trend with increasing volume and it had a strong bounce. This shows that the support is active and ready to hold (demand zone). With that said, let's move on.
Completed wave down; new wave up starts.
Bullish MACD crossover.
RSI coming out of oversold.
STOCHRSI Gone bullish.
Let's trade.
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Trade instructions for Zcoin by Alan Masters Trades
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