Ex-ZCL dev team made an announcement yesterday saying that they would be starting the application process for new dev teams interested in taking over the project. It seems like everyone thought the takeover would be less strict and with a September date to announce the winning takeover dev team people got impatient and decided to sell.
Let me start by saying there's a very clear Head and Shoulders on this chart. However, I also see a hidden bullish divergence between the higher lows on the price and the lower lows of the Stoch RSI .
If it breaks 0.0012, be prepared to set some orders at 0.00096. There's a whale that has been putting up walls on the 11.8-12 range since a couple of days ago. Let's hope he's not leaving anytime soon.
If the bulls push it a little bit we could also see a double bottom reversal, which if it breaks out into 0.00145 (buy here) could easily take us back to retest 0.0020
Currently monitoring.
Let me start by saying there's a very clear Head and Shoulders on this chart. However, I also see a hidden bullish divergence between the higher lows on the price and the lower lows of the Stoch RSI .
If it breaks 0.0012, be prepared to set some orders at 0.00096. There's a whale that has been putting up walls on the 11.8-12 range since a couple of days ago. Let's hope he's not leaving anytime soon.
If the bulls push it a little bit we could also see a double bottom reversal, which if it breaks out into 0.00145 (buy here) could easily take us back to retest 0.0020
Currently monitoring.