cryptod972

ZCLBTC Hourly Chart Analysis

BITTREX:ZCLBTC   None
ZCL had an amazing run since the announcement of the $BTCP (BitcoinPrivate) hard fork (for further details on the fork please see btcprivate.org), shooting the price up from $2 mid-December to a high of ~$245 on 1/7. As can be seen, there was a healthy correction today, with the ZCL/BTC price decreasing 28% to hit a support at around 1m satoshis. In addition, there seems to be a strong resistance at around 1.35m satoshis. We will see how this resistance holds as further news on the fork is released (whitepaper, fork date, exchange support). I expect there to be further consolidation within the 1.28m - 1.35m satoshi channel until then.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.