ZCL Looking for a bounce to begin 2nd impulse wave.
Updated
Hi!
ZCL is climbing on the lower support of its ascending channel @ 170ksat. If this holds and ZCL gets a nice bounce of, we are looking for a bull run to 3rd wave up, which is expected to be the most profitable.
Strict stop loss and calm nerves this could be a profitable journey.
NOTE! BITCOIN can invalidate everything if it starts the last impulse wave before ZCL hits its targets.
Targets are
TP1: 0.00240
TP2: 0.00315
TP3: 0.00405
TP4: 0.00810
Pullback and (very risky) rebuy @ 0.00450. Not before that or trade is closed.
Disclaimer: This is supposed to be looked at as an educational analysis. I am not your trade adviser.
ZCL is climbing on the lower support of its ascending channel @ 170ksat. If this holds and ZCL gets a nice bounce of, we are looking for a bull run to 3rd wave up, which is expected to be the most profitable.
Strict stop loss and calm nerves this could be a profitable journey.
NOTE! BITCOIN can invalidate everything if it starts the last impulse wave before ZCL hits its targets.
Targets are
TP1: 0.00240
TP2: 0.00315
TP3: 0.00405
TP4: 0.00810
Pullback and (very risky) rebuy @ 0.00450. Not before that or trade is closed.
Disclaimer: This is supposed to be looked at as an educational analysis. I am not your trade adviser.
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Cleaner lines:Comment
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My strongest bet is that the support will hold @ 0.00165. That would make this a bullish pennant. Comment
Possible breakout about to pop! Comment
Adam and eve double bottom reversal pattern spotted. Let's see if this plays out nicely.Comment
Same a&e pattern was spotted before this first bull run: Comment
Just to put everything together and into perspective. We are abut to go up fast and hard leaving all weak hands behind. just my 2 cents.Comment
Going precisely as last update, need to confirm that AE (adam and eve) pattern by reaching first 0.00213 and then 0.00230. That cup is forming to the point.We just might go parabolic people.
All the best -B
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As so many times before, every promising up move are typically interrupted by btc weird movements and this is no exception. We need to wait and see, zcl has been holding pretty so far but this is exhausting every alt coin right now. We are still active with this forecast, but this is really stretching the time frame.Comment
We are moving very slow and more sideways until Bitcoin gets a grip. but I would bet on that we break out of this falling wedge pretty soon. Comment
Daily chart still looking strong to the upside.Disclaimer
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