Fundamentals: A POW Privacy coin with a low circulating supply of only 5,757,841, XZC seems to be in a proper reload zone. We just had a dev update released today, October 22, 2018, which seems positive (zcoin.io/zcoin-dev-update-october-22nd) given that this project has a relatively active github history (coincheckup.com/coins/zcoin/).
Technical: Market structure is coming in and a double bottom is very close to confirming on the 4hr. Williams %R and OBV 13ema showing bullish signs on the 4hr. ATH volume spike on the 4hr. A weekly double bottom is trying to confirm if we do confirm expect a breakout to test the yellow trendline.
Comment
⋅
Comment
⋅
We are now showing very bullish signs. Weekly W in obv, daily W in Willy. It is looking like we might close above the range indicating the weekly breakout above the 88.6 level
In addition, one could argue that there is a lot of business to be done at levels which show weakness in the volume profile, especially 17k SATs in the short term. If we were to close above the yellow horizontal resistance line that would indicate a bullish breakout and trend reversal.
In addition, one could argue that there is a lot of business to be done at levels which show weakness in the volume profile, especially 17k SATs in the short term. If we were to close above the yellow horizontal resistance line that would indicate a bullish breakout and trend reversal.