OK, so now we're in that downtrend channel. Boo. Probably OK to buy at around the green dashed line but... Dotted orange line is looong term support so the yellow area is the MOABZ (mother of all buy zones). If that breaks, though, we need to find the grandmother. IF she's not sick with corona, that is. Because if that wreaks havoc through your HVAC or...
- Blue line will break - Green line (horizontal) will likely hold - If not: orange line below will hold. This is loooooong time support. No way in the world this breaks. - Yellow channel top won't be broken, might serve as support
Here it is
When price action dries up like that on a coin which is actively developed , with their cryptographer being invited to Las Vegas by competitor Monero because they're considering to adopt Zcoin's upcoming privacy protocol (Lelantus) and Bitcoin Amir Taaki calling it "the most promising privacy coin" and Zcoin a "small focused team, smart group of guys...
Going for a higher low. Mid to long term: bullish
Last golden cross of the 50 above the 200MA produced a >100% gain within 5 days. To quote President Trump: "We will see what happens."
Since the raging 2017 bull, Zcoin stubbornly broke just about any line or triangle being drawn on its charts (even the one drawn by masters like EXCAVO ) to the downside. Disregarding a nice pump in March based on some misunderstood news of Zcoin having a deal with Mastercard, there was little volume and little interest in this project altogether. Is this...