Following my post ~2 weeks ago mentioning consolidation ahead of Znodes which came a day or two before Znodes we are much, much higher! To host a Znode people need to accumulate a minimum of 1,000 Zcoins and they'll be awarded with a masternode that they can run and generate solid returns in 2018 and on!
Now for the charts.. Given the massive rally don't be surprised if you see some sideways movement / accumulation or a slight pullback as some people take profits. A major research provider sent out a note telling people to take some profits on their XZC and even with that we've been able to hold the ~400k SATs level so far which has served as a level of resistance / support in the past. Below that we have ~375k and then ~320k below that as levels of support. Znodes are expected to go live in the next 1 - 3 weeks which can serve as the next catalyst if they go live and people are staking and earning XZC without any unexpected surprises or delays.
This is one to keep a close eye on and I see any dips here as potential buying opportunities for a longer-term hold as the team continues to do great work expanding their presence / acceptance and developing an incredible privacy focused coin / technology.
This is a phenomenal team focused on carving out their niche in private transactions in emerging markets. Let's give them our support!
Happy trading!
Abe
Now for the charts.. Given the massive rally don't be surprised if you see some sideways movement / accumulation or a slight pullback as some people take profits. A major research provider sent out a note telling people to take some profits on their XZC and even with that we've been able to hold the ~400k SATs level so far which has served as a level of resistance / support in the past. Below that we have ~375k and then ~320k below that as levels of support. Znodes are expected to go live in the next 1 - 3 weeks which can serve as the next catalyst if they go live and people are staking and earning XZC without any unexpected surprises or delays.
This is one to keep a close eye on and I see any dips here as potential buying opportunities for a longer-term hold as the team continues to do great work expanding their presence / acceptance and developing an incredible privacy focused coin / technology.
This is a phenomenal team focused on carving out their niche in private transactions in emerging markets. Let's give them our support!
Happy trading!
Abe