This is the advanced triangle breakout strategy. So the price had broken the ascending triangle, it retest the previous resistance which now becomes a support and now is looking to retest level 16.00. Breaking the current trend bottom can cause to retrace to previous support / uptrend line.
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I see XZC setting up for a rocket into orbit
There's a lot converging on this chart.
Proprietary analysis aside;
DMI: ADX is primed for a good run, currently at 24 with 2 previous breakouts at this level.
Bollinger Bands: constricted at current price action, indicating a big price change is coming.
MACD: Daily chart MACD looks ripe.
I set 2 green target...
I apologize for the sheer mess, I'm a noob. Anyway, it seems that XZC is starting to form a bull pennant on the 15m chart. Will keep monitoring over the next day or two. Potential breakout can occur with news right around the corner on Znodes, new wallet, and a potential hardfork in the zcoin that is planned to be announced in mid November (source: Reuben...
XZC BTC is prime for liftoff. Los Angeles 7:32 PM.
XZC 4 hour time frame is showing RSI above 60 for a bullish run. The Chikou Span (green) crossed the Kijun-sen (red) on the 4 hour time frame. Huge consolidation of inside bars with the 4 hour time frame.
XZC 1 day time frame is showing bullish divergence from price action and macd. RSI is about to break 50 on...
XZC has been trading in a range for a few months bouncing down from anywhere in the 320k to 400k SATs range down to 200k - 180k SATs where it usually rallies very strongly with huge orders coming in. This most recently rally saw by far the most volume XZC has seen since launch as major buyers layered in positions ahead of tech upgrades, the introduction of znodes...
I think that XZC will go down to the box indicated in the graph based on the Fib levels. I drew the fibs within the fibs and you can see that it keeps bouncing off the resistance indicated with the arrows.
They've been on a bullish trend the past few weeks with highs and lows within the pennant. Zcoin also has a development team that looks like an NBA depth chart, a roadmap detailing their plans for well into 2018 and beyond, and an active communications and updates platform via twitter. It'd be a good time to find a low entry point and get in before it breaks out.
Zcoin is a coin built on the Zerocoin protocol. Its anonymous, fast, safe and secure.
With the addition of zNodes coming this year, this coin will easily be a huge money maker. This is probably one of the last few days you have a chance to get in on the action. As well as being an original, non ICO coin, it has a supply cap of 21 million coins (same as Bitcoin)...
After a large hump of uncertainty, it appears that XZC is finally on the rise again. Will it spike back up to it's trend line? If so the returns could be 5 fold. An exciting time for a coin that appears to be paving it's own path in a bear market
If price breaks resistance look for a move up towards the fib extention of 1 or 1.272. Bullish on the 4 hour chart and possibly looking at a third wave in the elliot wave pattern. Also can see hidden bullish divergence on the chart.