The upcoming news of the Bitcoin Private fork where ZCL holders will be awarded equivalent amounts of BTCPrivate to BTC holders provided a catalyst for the start of an Elliot wave growth pattern. It appears that ZCL is completing the 4th wave correction of a greater growth trend, likely to be launched into the 5th wave with the release of the fork date. The extremely small amount of coins and ZCL's extended functionality past providing BTCPrivate means that this coin could very easily exceed targets and hold value well past the fork. At .006 btc per coin, ZCL still has a tiny market cap making it below 100 on the Coinmarketcap list.
Strong buyer pressure has kept the high value provided by the 3rd wave that shot almost vertical, while creating an abcde triangle correction that is either complete and approaching a breakout or peaking the D wave before it will bounce off the bottom support. Either way, with our without clear confirmation of an upper support break ZCL is an amazing steal right now.
Strong buyer pressure has kept the high value provided by the 3rd wave that shot almost vertical, while creating an abcde triangle correction that is either complete and approaching a breakout or peaking the D wave before it will bounce off the bottom support. Either way, with our without clear confirmation of an upper support break ZCL is an amazing steal right now.