XZC 200% to 0.618
Updated
Fundamentals:
A POW Privacy coin with a low circulating supply of only 5,757,841, XZC seems to be in a proper reload zone. We just had a dev update released today, October 22, 2018, which seems positive (zcoin.io/zcoin-dev-update-october-22nd) given that this project has a relatively active github history (coincheckup.com/coins/zcoin/).
Technical:
Market structure is coming in and a double bottom is very close to confirming on the 4hr. Williams %R and OBV 13ema showing bullish signs on the 4hr. ATH volume spike on the 4hr. A weekly double bottom is trying to confirm if we do confirm expect a breakout to test the yellow trendline.
A POW Privacy coin with a low circulating supply of only 5,757,841, XZC seems to be in a proper reload zone. We just had a dev update released today, October 22, 2018, which seems positive (zcoin.io/zcoin-dev-update-october-22nd) given that this project has a relatively active github history (coincheckup.com/coins/zcoin/).
Technical:
Market structure is coming in and a double bottom is very close to confirming on the 4hr. Williams %R and OBV 13ema showing bullish signs on the 4hr. ATH volume spike on the 4hr. A weekly double bottom is trying to confirm if we do confirm expect a breakout to test the yellow trendline.
Comment
Comment
We are now showing very bullish signs. Weekly W in obv, daily W in Willy. It is looking like we might close above the range indicating the weekly breakout above the 88.6 level
A new fundamental driver was just announced: XZC will hard fork on December 10th:
twitter.com/zcoinofficial/status/1055184017304080384
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