Zcoin is currently one of my favorite coins right now because I believe in the project and the fundamentals are stable. A large amount of the coins are locked in nodes. 40% last time I checked, the demand is high, and currently it is just waiting to bounce off support at 61.8% fib level. Now you might ask, why does it have to go to that fib level? It doesnt, but a large reason as to why it can, is because many people look for the best entry and will enter there, then if they dont get filled they will market order into it. This will cause a push up back to 650-700k.
Here is a link on what will be going on fundamentally with zcoin in the short term: www.reddit.com/r/zco..._run_through_of_the/
Technicals:
Support on 61.8% Fib Level: 560k Sats
Trend line support: 560k+ Sats
Entry: 560-600k Sats
Target: 1.1-1.15mill Sats
Possible Profit: 92+% at previous high
This could go much higher, but for now we are just looking in short term persepective.
Here is a link on what will be going on fundamentally with zcoin in the short term: www.reddit.com/r/zco..._run_through_of_the/
Technicals:
Support on 61.8% Fib Level: 560k Sats
Trend line support: 560k+ Sats
Entry: 560-600k Sats
Target: 1.1-1.15mill Sats
Possible Profit: 92+% at previous high
This could go much higher, but for now we are just looking in short term persepective.
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price looking good, if you still haven't entered you can follow this downtrend line. The best entry you could get is between 550-570k, but if you don't want to take the risk of missing a push back up, 600k is a great buy. Now watch this downtrend line very closely, a break of this line or push to .007 or break of 35+ on the 4hr RSI is very bullish. Bitcoin moving up towards 18k+ can push us to support, but if bitcoin consolidates under 17.5 expect a break of the trendline and a quick pump.