ZCX - now or never momentZCX has done similar pattern to XRP with recent dip being last capitulation dip bellow support range, similar dip happened in Aug 2023 which resulted in reversal and creation of 5 wave impulse up.
We are oversold, have bullish divergence and already bouncing up. Expecting again to develope 5 wave impulse up leading to test ATH range where volatility will kick in - as long as we manage to hold in narrow range there we open path to fibb 1.272 and 1.618 targets.
ZCXUSD trade ideas
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.