ZCX Broke Out of 3 Year Down TrendZCX - Unizen
Has been in a 3-year-long down trend. Just broken out towards the upside. Had a golden moving average cross in June 2024 and has remained bullish since then.
Short Term Target: $0.28
Medium Term Target: $0.65
Support Level at $0.13
Fundamental Analysis
Blockchain: Ethereum (ERC-20)
Age: The project was conceptualized around 2020 with the Unizen platform launch.
Use Case: ZCX serves as the native token for Unizen, a hybrid CeDeFi platform combining centralized and decentralized exchange functionalities, providing deep liquidity and reduced slippage for trading across numerous assets.
Adoption: Unizen has integrated with major exchanges and DeFi protocols, increasing its adoption among traders looking for an all-in-one trading solution.
Key Innovation: Unizen's modular Compliant Liquidity Provider (CLP) system, which integrates liquidity from both CEXs and DEXs, offering a seamless trading experience.
Key Team Member: Tom Sweeney (COO) - His experience in trading and blockchain has been instrumental in architecting Unizen's platform strategy, notably contributing to the platform's successful partnerships with Binance and other major exchanges.
Why it could do well: Unizen's unique approach to combining the strengths of centralized and decentralized systems could attract traders seeking efficiency, security, and a broad spectrum of trading options. The focus on compliance and integration with established platforms could drive further adoption in the crypto trading community.
Unizenusdt
Unizen (ZCX) High Risk Gamble Coin With Huge 10X PotentialUnizen is a real good project with an innovative idea. It currently has a marketcap of just under $5m with a circulating supply of around 60m. They have recently (August 31st) been listed on Huobi and did a nice interview on the Huobi Global YouTube channel a few days ago. They will be launching their DEX aggregator later this month which is very exciting for them, and a huge milestone in their project. I suggest you go to the Huobi Global YouTube channel and watch the video if you want to learn about this project.
Anyway, this chart is absolutely crazy. This tiny little pump I drew on the chart would be more than a 10x from the current price of ~$0.08. Right now if you zoom in on the daily chart it looks like it could potentially pump&dump at any moment now, or otherwise drop straight to a new all time low below $0.07. If it pumps it will probably at least pump 2x - 3x, but as you can see even a 10x is easily possible on this chart, even for the usual pump&dump in the middle of a bearmarket. I would suggest entering between $0.075 - 0.08.
Now, the difficult part about this trade is whether or not you should use a stoploss. If I talk purely strategically, then I would definitely say that you should stoploss as soon as it makes a new all time low below $0.07, but with super illiquid microcap coins like this you just never know what happens because it is completely manipulated. It could easily dump below $0.07 to force traders like us to stoploss and then suddenly pump like crazy right after. So, the best course of action with a trade like this in my opinion is: Only use a small amount. Treat it like a gamble and don't invest anything that holds emotional value for you. Throw in $100 or whatever is a small gamble amount for you and see what it does. I will keep this trade updated to let you know what I think in case it pumps or drops to a new all time low.
Good luck, and remember, never invest more than you are willing to lose!