Disclosure: I don't own Zclassic but I will probably do some coin rotation and buy it
Zclassic has broken a descending flag (a, b, c, d, e) and started a new 1-5 wave count.
Wave 1 is over and the corrective wave which almost pull back to the trend line is also over as confirmed by the RSI that was in oversold territory (and shown a positive divergence). I think we are now I wave 3. MACD has crossed up. I am very bullish on this coin.
If you initiate a position don't forget to put a stop loss.
Legal Disclaimer: I am not a financial advisor. This article is only meant for use as informative or entertainment purposes. It is not a recommendation to buy or sell anything.
