ZCL - Great Potential
Falling wedge pattern on the daily with a bull divergence on the histo, potential cross on MACD gives me an indication that ZCL is a great opportunity right now.
Next week could be the breakout of the falling wedge, as the falling wedge closes
If history repeats --> sideways movement for a couple weeks --> accumulation --> break out big time august/september
If BTC breaks down --> probably ZCL going to the next support zone (down aswell = 90K'ish)
So the movement highly depends on BTC right now, BTC has:
- a squeeze on the daily chart, so a big move will happen anytime soon.
So set stop losses
Good luck!
Next week could be the breakout of the falling wedge, as the falling wedge closes
If history repeats --> sideways movement for a couple weeks --> accumulation --> break out big time august/september
If BTC breaks down --> probably ZCL going to the next support zone (down aswell = 90K'ish)
So the movement highly depends on BTC right now, BTC has:
- a squeeze on the daily chart, so a big move will happen anytime soon.
So set stop losses
Good luck!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.