Market movements this week - ZClassic(ZCL) swift mover & potential multibagger

Hey Guys

This week has been bit relief rally for cryptocurrencies & would be turning point for long term upward movement. Bitcoin rising 10% this week triggered fresh buying in other cryptocurrencies too.

Here are top up and down movement in cryptocurrencies this week

While going through charts and analyzing them, Zclassic(ZCL) grabbed my attention, it is also 5th top gainer of this week.

Technically looking quite strong now, with parameters applied like Fibo retracement, RSI specially. It has upmove of 60% with spurt in volume. It has resistance at around 16-17$, if broken it can quickly move to next resistance level.

Historical chart has witnessed multifold exponential movement in past, it has reached to 10$ level from high of 195$, hence has already sold out by 90%, increasing volume can trigger higher rates.

Short & Long term returns in an glance

Currently it is listed in below markets

Study is based on technical parameters only, please share your views too. I hope it would help in some manner. Keep learning and earning !!