Long

ZCL, Best time to Invest ?

Updated

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

Note

It's forming an Symmetrical Triangle Pattern

Note

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

Note

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

Note

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)

Note

New Scenario
Falling Wedge TF 30 Min

Note

As i predict, It go down and becoming a falling wedge pattern

Note

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

Note

Symmetrical Triangle ?
Let's see

Note

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)

Note

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

Note

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

Note

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

Note

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

kaslie

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