Crypto_Ed

XZC longer term view

Long
BITTREX:XZCBTC   Zcoin / Bitcoin
4615 views
44
XZC recently broke out if a descending triangle to the upside.
This looks to me as a logical continuation of a 5 legs cycle (labelled as ABC on left chart).

Shorter term: found a bottom, made a 5 legs up, retraced in an ABC move and seems to have started next cycle up.
Broke out and currently pulling back/consolidating before possibly a 3rd leg up starts.

Trading advice: let it correct, wait for a bullish Trend Continuation Pattern and buy that break out.

I will try to update when I see a good entrypoint
Comment: This surprised me: (4) was placed on that position a week ago!
Looks ready for next leg up.
Comment: Target reached , let it roll from here. More to come imho

Comments

please look into zencash/btc
zencash is competing with zcoin in terms of position and price. but zencash is more powerful due to secure node launching on 30 nov
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now will it return to 27 or just keep on going?
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thanks Ed, keep up the great work.
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Please keep posting analysis, thanks!
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