I think Zcoin has a lot going for it, it has a strong privacy-based protocol and based on the price alone, I’d say it’s had a great couple of years and we’ve been establishing strong price floors on the way up so any downward momentum will be short-lived.
Like I said in the video, I’ll be adding more details to this analysis in the future, as this is an asset I’m particularly interested in going forward.
All the best, stay safe out there. This market is full of bears and sharks!
Details on Zcoin: https://coinmarketcap.com/currencies/zcoin/
Zcoin main website: https://zcoin.io/
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Rising wedge appears on the daily.
I expect a pullback to the near support of 0.006015
See more on rising wedges here:
Rising wedge and 200 MA acting as resistance, 50 MA as support 4H. Bearish divergence on 4H. Break of Ichimoku cloud bullish but cloud has flipped bearish previously. I'm a bit bearish for now.