Zcoin has an extremely promising month ahead with Lelantus protocol release late September as well as halving in late September as well.
Fundamentally these two events are hugely important and has the potential to drive the price up in coming weeks. Technically, the chart looks very strong for many reasons and a move up is very likely.
Price is currently consolidating in a bull flag on the daily time frame and priming for a move up. Price is following a Original pitchfork using the low of 1.9$ on 13th March as the first pivot the next swing high of 01 June as the second pivot and the next swing low at 4$ on July 6. The adherence of price to the Original pitchfork highlights the possibility of the coin to go parabolic and follow a strong gradient/uptrend.
The count as seen in the chart is a WXY, in which we are currently in the Y wave; however with such bullish events coming up the possibility of an extended Y wave is very likely. Fib extension are showing amazing confluence at key areas and will provide great areas to take profit and likely resistance.
Amazing confluence of larger Y fib extension and Y sub wave fib extension. 0.618 and 0.786 extensions at key weekly level at which i think will be overcome as well as 1.236 extension of both at exact same level at around 13.80$. Currently consolidating in a bull flag, seems like it has much room to go and the possibility of becoming parabolic coming into these two events
Targets : 8.80$ 13.70$ 18$ 20$ 26$ 50$
I have an extremely bullish sentiment on this coin and expect an upsurge in price.
Leave a like and follow for more information :)
Fundamentally these two events are hugely important and has the potential to drive the price up in coming weeks. Technically, the chart looks very strong for many reasons and a move up is very likely.
Price is currently consolidating in a bull flag on the daily time frame and priming for a move up. Price is following a Original pitchfork using the low of 1.9$ on 13th March as the first pivot the next swing high of 01 June as the second pivot and the next swing low at 4$ on July 6. The adherence of price to the Original pitchfork highlights the possibility of the coin to go parabolic and follow a strong gradient/uptrend.
The count as seen in the chart is a WXY, in which we are currently in the Y wave; however with such bullish events coming up the possibility of an extended Y wave is very likely. Fib extension are showing amazing confluence at key areas and will provide great areas to take profit and likely resistance.
Amazing confluence of larger Y fib extension and Y sub wave fib extension. 0.618 and 0.786 extensions at key weekly level at which i think will be overcome as well as 1.236 extension of both at exact same level at around 13.80$. Currently consolidating in a bull flag, seems like it has much room to go and the possibility of becoming parabolic coming into these two events
Targets : 8.80$ 13.70$ 18$ 20$ 26$ 50$
I have an extremely bullish sentiment on this coin and expect an upsurge in price.
Leave a like and follow for more information :)