ZCL got a bull run at last 5 days That's not a Pump and Dump But it's driven by News What is the news ? ZCL will hardfork at January ( Haven't Announced the Hardfork Date ) If you have 1 ZCL / 1 BTC you will get 1 BTCP ( Bitcoin Private ) ZCL has a circulating supply: 1,809,800 with unlimited Total Supply With such supply and current Price, it still cheaper compare to other coins such as XZC Though ZCL is a worthless coin, but this fork sure will drive the price going up and reach new ATH
Let's back to the hardfork news, If you hold 1 ZCL or 1 BTC you will get 1 BTCP which one do you prefer to hold ? ZCL or BTC ? I think your answer is ZCL because it is more cheaper than ZCL, beside that ZCL supply is less than BTC supply, that's why it would drive the price going up quickly
Now, The chart has shown us the Falling Wedge Pattern Will it breakout directly or need a retracement before bounce to 350K satoshis ? My answer is breakout directly, But Let's see
For me, it's a long term investment, it could give you 10x times from current investment My Target for this coins is: Target 1: 0.004 Target 2: 0.0058 Target 3: 0.008 Target 4: 0.012 Target 5: 0.025 Target 6: 0.05
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It's forming an Symmetrical Triangle Pattern
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My Target for this coins is: Target 1: 0.004 -> Reached ( in 1 Days ) Target 2: 0.0058 -> Reached ( in 1 Days ) Target 3: 0.008 -> Reached ( in 1 Days ) Target 4: 0.012 -> NExt Target Target 5: 0.025 Target 6: 0.05
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Founded Double Bottom Strong support: 627K Support 2: 440K Strong Resist: 840K if it can't pass through resist, Perhaps will be sideways around 1 days or bounce back to 600K, even under 600K
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Such a huge dump after i update From 67K to 60K -> Big Dump is it ? No, it isn't a dump I've confirmed and checked it The reason it dump to 60K, not because of people was selling their ZCL but the whale retrieve all his order and then he sell small amount of coin at 60K, at the chart it will show looks like a huge dip, but the real one is Whale manipulating the chart If you don't believe me, You could PM me through Telegram, I will send you the screenshoot that i've captured when the dump is happenning Here is my Telegram @Rinz_X (t.me/Rinz_X)
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New Scenario Falling Wedge TF 30 Min
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As i predict, It go down and becoming a falling wedge pattern
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Now, ZCL could be sideways around 580K - 640K There will be another rally in 3 days because daily chart's RSI shows that it has already overbought although RSI of 4 hours and below show it could bounce up anytime. ZCL should take a rest before doing another bull run Let's Watch it
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Symmetrical Triangle ? Let's see
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Ascending Triangle ( Wide View ) Will it become Symmetrical Triangle ( Narrow View ) ? Support: 0.0063 Expect the Bounce back price: 0.0065 Strong Resist: 0.0086 ( Tested 2 Times ) Expect 3rdtimes to test the resist, it will break
This is a Good chart, Ascending Triangle Patterns followed by if Symmetrical Triangle patterns has been formed. Sure it will break the resist at the 3rd times test. The chance to break the resist is 80%. If ZCL failed to form Symmetrical Triangle patterns, it will back to support 0.0062 and 0.0055 ( Worst)
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Sorry before I update at the wrong field Here is the update before It has already breakout from 680K Now 680K is support Resist 820K, then 860K Now price hanging around 770K - 810K Volume has increased from 860 BTC to 2000 BTC The trend is still going up
Target: Target 1: 0.004 -> Reached ( in 1 Days ) Target 2: 0.0058 -> Reached ( in 1 Days ) Target 3: 0.008 -> Reached ( in 1 Days ) Target 4: 0.012 -> NExt Target Target 5: 0.025 Target 6: 0.05
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We have made 500% since this idea has been posted. Target: Target 1: 0.004 -> Reached ( in 1 Days ) Target 2: 0.0058 -> Reached ( in 1 Days ) Target 3: 0.008 -> Reached ( in 1 Days ) Target 4: 0.012 -> Reached Target 5: 0.025 Target 6: 0.05 Target 7: > 0.1 ( Miracle )
New Update: TF30Min found Symmetrical Triangle Resist: 0.0136 Support: 0.011 Currently, it's on the rest of the trend maybe it could breakout Let's see
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found Descending Triangle with major up trend average volume at the last candle now price is 0.0118 which is not far from new support 0.0115 i will entry at this price if u ask me the rest is up to you you are a risk taker or not
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Wider Time Frame: 4H Found: Ascending Triangle Could be retrace to 0.0125 before try to test the resist at 0.0148
Update News: The Developer still on going to fix the 2 issues after that, Announcement Date will release soon
Trade History
show that sell has been going down
Buy has been going up
MACD is trying to going, reflect it's going on up trend
But there's still lack of FA which is Announcement date of hardfork and Exchanger support
Resist 700K satoshis
Just now has break 700K
but that's false break
Let's see further will it break it ?
For further information:
BTCP ( Bitcoin Private ) Relay Protection has been finished
Wallet will be released at monday 8 January 2018
Expect next week will try another rally
alexplq
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the project is dead, be careful
kaslie
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@alexplq, Thank you for your warning, BTCP project is on going, whether the ZCL project is dead or not, i am sure the price will keep going up but it will got a correction also.
beside that People will think if i hold ZCL i will get 1 BTCP, they won't think does the ZCL project is worth for hold or not
cryptocoin1980
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@kaslie, It is not dead anymore it was revived by someone :)
TF 4H
Symmetrical Triangle
Low Volume
Trade History
show that sell has been going down
Buy has been going up
MACD is trying to going, reflect it's going on up trend
But there's still lack of FA which is Announcement date of hardfork and Exchanger support
Resist 700K satoshis
Just now has break 700K
but that's false break
Let's see further will it break it ?
For further information:
BTCP ( Bitcoin Private ) Relay Protection has been finished
Wallet will be released at monday 8 January 2018
Expect next week will try another rally