ZCL Zclassic - Feb 14 Technical Analysis - Predictions T1 - 0.0254 Sat, T2 - 0.034 Sat

in #zclassic7 years ago (edited)

The daily target is $8,900-$9,150
Medium Term Bias (Next Few Week) - Bullish
Short Term Bias (Today) - Extreme overbought conditions, Neutral to Bearish
Target 1 - 0.254 Sat
Target 2 - 0.034 Sat

We see ZCL surge 56% in 1 day and 16 hours.

We see extreme overbought conditions on high time frames, at 86 RSI on the 4 hour chart. Which signals a small correction is necessary before an impulse move up can begin. Though please understand that the market can will newer highs if bullish enough. Entering now on extremely overbought RSI is not wise. We use previous resistances as current supports.

These are the longer term targets.

correction in chart: 0.034 satoshi NOT 0.34

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Not sure about the long term target. After ZCL and BTC fork into BTCP on February 28th, everyone will dump their ZCL. Would be juicy if your long term target is the 2-week target :D

that's what i'm worried about too. i'll be sure to update it frequently

I thought you only looks into charts and not taking into considerations of the news.. lol =]
I am your little dophin and love your charts analysing skills. I am not looking to become a day trader but however i will love to be able to read charts half as good as you. Thanks for your tutorials btw!

Thank you for sharing, man. Your videotutorial are amazing.

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