-After the local resistance breakout 2 days ago
-The price has already pullback to previous resistance
-This current market price level is a confluence of previous support & resistance
-If Zcoin the hold immediate support for the next 3-5 days
-There is a chance it will continue higher
-The upside potential is up to 10,000 sat range
I have pinpointed some important things on the chart which shows the move is bullish in coming days.
1. Two Daily rejections on Weekly Support. Indicating support is strong.
2. Candles making higher lows means bullish trend.
3. Enter the trade once a daily candle closes and opens above 5860.
5860 is a resistance level of the weekly zone.
during the last 7 days,...
XZC broke bullish of this descending channel and made a Higher High at 5600 sats area.
This move up is a bit extended causing the RSI to hit overbought conditions immediately.
I'm expecting the price to pullback at the key support area to continue its uptrend for another potential leg up 5000 - 4700 regions.
XZC is consolidating over 2 months in the range of 5-7k, now at the bottom shelf, volumes are increasing, on the graph there is a pronounced double bottom and pulling to the level, the first targets for fixing are ~ 6500-6350. The second target is on our favorite number 1.618 fibb ~9000-9175.
Sfunny that i never published zcoin chart here on my tradingview account, because it should've got my attention and my priorities to chart this one, but, screw that. Let's make this come to life.
I consider XZC as one of the bluechip out there actually, just minus volatile market because all this chart do on the price is bearish the whole year. So people stay...