Short
ZCL - Life After Fork - New Market Cycle Projections
After an enormous and unexpected short term sell off caused by the BTCP fork, ZCL broke out and completed a new short term market cycle complete with 5 waves and ABC correction.
I am calling this Wave 1 of the bigger overall NEW market cycle. I'm projecting wave 3 to blow past the prior new market cycle ATH's and find support on the 4th wave at prior new market cycle ATH's.
My projections are based on the current ZCL outlook, which is to be discontinued eventually.
If ZCL gains new developer support and continued network growth, this projection will most likely end up being very conservative.
I am calling this Wave 1 of the bigger overall NEW market cycle. I'm projecting wave 3 to blow past the prior new market cycle ATH's and find support on the 4th wave at prior new market cycle ATH's.
My projections are based on the current ZCL outlook, which is to be discontinued eventually.
If ZCL gains new developer support and continued network growth, this projection will most likely end up being very conservative.
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