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Crypto_Ed
Nov 13, 2017 7:52 AM

XZC longer term view  Long

Description

XZC recently broke out if a descending triangle to the upside.
This looks to me as a logical continuation of a 5 legs cycle (labelled as ABC on left chart).

Shorter term: found a bottom, made a 5 legs up, retraced in an ABC move and seems to have started next cycle up.
Broke out and currently pulling back/consolidating before possibly a 3rd leg up starts.

Trading advice: let it correct, wait for a bullish Trend Continuation Pattern and buy that break out.

I will try to update when I see a good entrypoint

Comment

This surprised me: (4) was placed on that position a week ago!
Looks ready for next leg up.

Comment

Target reached , let it roll from here. More to come imho
Comments
kilobytez
please look into zencash/btc
zencash is competing with zcoin in terms of position and price. but zencash is more powerful due to secure node launching on 30 nov
DavithElMarco
now will it return to 27 or just keep on going?
RBmooney
thanks Ed, keep up the great work.
vawuharun
Please keep posting analysis, thanks!
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