ZCL Head & Shoulders?
See chart for full explanation.
If you currently own ZCL, hold.
Watch for breaks in support, resistance and bollinger band.
The chart is indicating a H&S is forming.
Using a stop loss may save you from a painful experience.
With the release of their wallet, and the BTCP airdrop with a 1:1 ratio less than 3 weeks it is hard to believe this H&S will play out.
Target before the airdrop: USD $1000
I will be selling ZCL immediately after the airdrop (end of jan), and will keep my BTCP for long term holds.
If you currently own ZCL, hold.
Watch for breaks in support, resistance and bollinger band.
The chart is indicating a H&S is forming.
Using a stop loss may save you from a painful experience.
With the release of their wallet, and the BTCP airdrop with a 1:1 ratio less than 3 weeks it is hard to believe this H&S will play out.
Target before the airdrop: USD $1000
I will be selling ZCL immediately after the airdrop (end of jan), and will keep my BTCP for long term holds.
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