XZCBTC: Buy Setup

BITTREX:XZCBTC   ZCoin / Bitcoin
Here is a setup for XZCBTC to enter long. It can definitely go higher, but for a short term trade, we can buy in this area. Why can we buy this setup? It broke the downtrend and is showing a side channel for a continuation move of the initial impulse move. This is an ABCD Pattern trade strategy. What are your thoughts?

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