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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