$ZCL Major Breakout
While the rest of the crypto space followed BTC with the drops, ZCL stayed pretty steady. This tells me that someone is interested in the upcoming fork.
It looks like it printed a bull flag on short time frames but once it hit that support its fighting its way down. I think we're looking at a retrace right now and will continue to watch for a good entry.
But I also wanted to discuss the coin in general...
ZCL is a crazy coin. It forked to Bitcoin Private previously. Now a new group has picked it up and is forking it to Bitcoin Anonymous. And a third group is picking up ZCL to run as ZCL although I'm sure they'll fork that too in the future.
Its a shillable coin. This is not a long term investment. I watched the last fork for an incredibly long time and it was fun and hilarious but rekt people that didn't get out in time.
Our buddy Vinnvo has been watching this since the fork announcement and has been telling people to get in for weeks.
Now we're here and everyone is hyping it off that pump. I want to be really clear, IMHO this is a complete scam coin and will be a disaster long term. But short term its going to pump.
From everything I've seen, the team is not great. They are supposed to announce a new advisor (one of many) tomorrow and an early release of a whitepaper. All of this is just shillable events. This is a coin being built by people who are baking in shillable events. The first of these is tomorrow.
If you enter, wait for a retrace. Set a good stop loss. This coin is all feast and famine. We're going to see insane swings running to the final release. ZCL went from $2 to $160 in hours on the last major run.
It looks like it printed a bull flag on short time frames but once it hit that support its fighting its way down. I think we're looking at a retrace right now and will continue to watch for a good entry.
But I also wanted to discuss the coin in general...
ZCL is a crazy coin. It forked to Bitcoin Private previously. Now a new group has picked it up and is forking it to Bitcoin Anonymous. And a third group is picking up ZCL to run as ZCL although I'm sure they'll fork that too in the future.Its a shillable coin. This is not a long term investment. I watched the last fork for an incredibly long time and it was fun and hilarious but rekt people that didn't get out in time.
Our buddy Vinnvo has been watching this since the fork announcement and has been telling people to get in for weeks.
Now we're here and everyone is hyping it off that pump. I want to be really clear, IMHO this is a complete scam coin and will be a disaster long term. But short term its going to pump.
From everything I've seen, the team is not great. They are supposed to announce a new advisor (one of many) tomorrow and an early release of a whitepaper. All of this is just shillable events. This is a coin being built by people who are baking in shillable events. The first of these is tomorrow.
If you enter, wait for a retrace. Set a good stop loss. This coin is all feast and famine. We're going to see insane swings running to the final release. ZCL went from $2 to $160 in hours on the last major run.
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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.