ZCL: Dead Coin or abandoned lambo waiting for new driver?
I have been watching this coin closely since the huge drop. Is this a dead coin like many people are saying, or is ZCL still alive and will it reach old levels again when a new dev team will be working on this project?
To be honest I bought in a bit during the dead cat bounce (that hurts yes). But i also bought in more at 0.00064520, and still holding.
Let's have a look at the chart:
Yesterday it reached the 0.786 Finonacci level on my chart. (end of wave 5).
ABC correction until the 0.382 Finonacci level on my chart.
Now it looks like a new elliott wave in uptrend is starting with a target at 0.0024. But it also may turn out that a big head and shoulders pattern is forming where it can get low to the 0.0006 levels. So be very careful with this trade.
I only trade this coin live and watching it closely with tight stops.
(This is not a financial advise).
To be honest I bought in a bit during the dead cat bounce (that hurts yes). But i also bought in more at 0.00064520, and still holding.
Let's have a look at the chart:
Yesterday it reached the 0.786 Finonacci level on my chart. (end of wave 5).
ABC correction until the 0.382 Finonacci level on my chart.
Now it looks like a new elliott wave in uptrend is starting with a target at 0.0024. But it also may turn out that a big head and shoulders pattern is forming where it can get low to the 0.0006 levels. So be very careful with this trade.
I only trade this coin live and watching it closely with tight stops.
(This is not a financial advise).
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