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If you are an investor who is looking for a digital currency to make possible good future profits there will my analysis on one of those sought after currencies.
The Zclassic (ZCL) comes from a historical fall, its price is quite shrinking if we take into account its historical high, you must be asking yourself: why is he so confident in this currency?
My confidence is in some factors, but I will list only a few:
1 ° If we stop to look at the graph of a day of the pair ZCL / BTC in magnified mode we will come across the following chart:
Looking at the above chart we can see that the long moving average (blue) is approaching the short (red) moving average from the top down, that means that we are close to seeing the stagnant selling force in the Zclassic market. It is quite likely that even before the end of this week we will see this crossing of the short moving average (Red) from bottom to top over the long moving average (Blue) and thus, we will confirm the bullish trend. Note: The long moving average (Blue) is coming from a big season above the short moving average (Red), due to the large fall that has run in the past. But all this is already behind, Zclassic has a bright future.
2° As we know, in the world of technical analysis history repeats itself, this is due to investor sentiment that is somewhat predictable, let us look at the graph below:
Looking closely at Zclassic (ZCL) we can see that before the great historical rise in the past, prices were compressed as it is currently occurring and then the price explosion occurred. There are several other currencies that followed the same pattern of the past in the future, as is the case of Bitcoin, which every year has a great fall in prices and then a great rise. All of this is due, as I mentioned earlier, to the predictable psychology of the market.
There are some other factors that could mention to say why Zclassic choice, but these factors are very easy to see for any investor.