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| comment | | "parent_author":"",<br>"parent_permlink":"cryptocurrency",<br>"author":"technicalanal",<br>"permlink":"potential-100-trade-end-of-february",<br>"title":"Potential 100%+ trade end of February",<br>"body":"Looking at the set up of this chart tells me quite a few things,<br> and with the fundamentals of the coin,<br> it's something you should be looking to at the end of this month - but you MUST get your entry right.\n\nThe coin I'm talking about is ZCL. Here's the 8H chart.\n\n![ZCL2.png (https:\/\/steemitimages.com\/DQmP8Xrnci5VMpuZoiWsbwLBuFixcjo9y3TmkZkMdEV3Pho\/ZCL2.png)\n\nAs we can see,<br> it's stuck in a range at the moment,<br> and it's a very unusual sight for me in crypto. There is obvious suppression and manipulation going on,<br> but I'll get into that in a moment. Let's look at the TA on the chart first.\n\nThe 2 outer white lines define our price action zone (PAZ). \n\nThe top arrow where I've marked \"significant\" is an obvious sign to me. We've engulfed the PAZ - suggesting price wants to move further up. Or it could be a fakeout indicating that we will just stay within this range. Time will tell.\n\n\"But the bottom has also engulfed the PAZ\" - true,<br> but we have bounced from an SR line just below. Remember the SR flips I mentioned in my previous article? https:\/\/steemit.com\/cryptocurrency\/@technicalanal\/support-and-resistance-technical-analysis\n\nI haven't marked the SR flip on the chart. Can you see it?\n\nNow,<br> onto the manipulation. Why is it being manipulated? How is it so obvious?\n\nIf you're unfamiliar with ZCL,<br> they are doing a fork at the end of the month,<br> which will provide 1 Bitcoin Private coin for every 1 ZCL you hold on the date. So,<br> it makes sense that everyone over the past couple of weeks has been trying to accumulate as many ZCL as possible,<br> which you can clearly see in the chart.\n\nMy final point - entry. \n\nI'll be looking at the price action leading up to the date,<br> and I fully expect the price to drop below that middle line I've drawn and labelled. Using some of the TA from my previous articles,<br> I'll be looking at the best place to enter and to ride the move back up,<br> which in itself could well be over 50%. \n\nIf we then break out of the PAZ,<br> who knows how far it'll go? It should attract plenty of attention over the next couple of weeks. I'm also expecting it to dump hard after the snapshot,<br> so if you're trading it too,<br> be careful. Have a plan. There's plenty of time to come up with one.",<br>"json_metadata":" \"tags\":[\"cryptocurrency\",<br>\"bitcoin\",<br>\"btc\",<br>\"zcl\",<br>\"crypto\" ,<br>\"image\":[\"https:\/\/steemitimages.com\/DQmP8Xrnci5VMpuZoiWsbwLBuFixcjo9y3TmkZkMdEV3Pho\/ZCL2.png\" ,<br>\"links\":[\"https:\/\/steemit.com\/cryptocurrency\/@technicalanal\/support-and-resistance-technical-analysis\" ,<br>\"app\":\"steemit\/0.1\",<br>\"format\":\"markdown\" " |
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