ZCoin (XZC): The Basin Phase is Still in Progress by haejin

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· @haejin ·
$158.40
ZCoin (XZC): The Basin Phase is Still in Progress
<center>![](https://steemitimages.com/DQmWPk9pGawtxkJQ11KtjmsDaJ4Nnz84ggyRCdVJsq6f8TZ/image.png)</center>
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**SUMMARY**

The below chart of ZCoin (XZC/USD) is still patterning out the basin phase (white rectangle). The bull flag has been breached and soon, it seems like price should start building the right wall of the rounded formation. This means that after the basin is completed, there is pretty much nowhere for the price to go except higher.


![](https://steemitimages.com/DQmPna6VcyLEQznV1SegxQKmeF7mhiuyzU4mXdWeCxN4pTz/image.png)


Here is the chart with the Elliott Waves, pattern and MACD indicator. The EW shows that wave 1 is complete and wave 2 is still being worked on. But the MACD doesn't care about minor corrections, it seems like as shown in below chart. It's coiling and coiling and coling until it won't be able to anymore. On a bigger time frame, the large rounded price formation could likely generate a Cup & Handle (blue).
![](https://steemitimages.com/DQmQPvvGRkuUtfpWXJkxBxmpieFndNq9nLpTw9UQAmacsf3/image.png)



**Legal Disclaimer**: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes. </center>


Please consider reviewing these Tutorials on:
[Elliott Wave Counting Tutorial #1](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-1-by-haejin)
[Elliott Wave Counting Tutorial #2](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-video-2-zig-zag-and-flat-corrections-how-to-recognize-and-label-corrective-waves)
[Elliott Wave Counting Tutorial #3](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-iii-how-to-label-and-apply-triangle-price-corrections)
[Laddering](https://steemit.com/bitcoin/@haejin/an-effective-buying-and-selling-strategy-laddering-a-tutorial-on-to-cast-a-ladder) and [Buy/Sell Setups](https://steemit.com/bitcoin/@haejin/when-to-buy-and-sell-using-elliott-waves-a-tutorial). 
[Laddering Example with EOS](https://steemit.com/bitcoin/@haejin/eos-target-usd3-22-analysis-update-live-real-time-laddering-example-you-don-t-want-to-miss-this)
[Tutorial on the use of Fibonacci & Elliott Waves](https://steemit.com/bitcoin/@haejin/tutorial-on-the-use-of-fibonacci-ratio-and-elliott-waves)
[@haejin's Trading Nuggets](https://steemit.com/bitcoin/@haejin/haejin-s-trading-nuggets-all-learned-through-tonnages-of-failure-experiences)
[Essay: Is Technical Analysis a Quantum Event?](https://steemit.com/bitcoin/@haejin/essay-is-technical-analysis-a-quantum-event)

Follow me on [Twitter](https://twitter.com/Haejin_Crypto) for Real Time Alerts!!
Follow me on [StockTwits](https://stocktwits.com/HaejinCrypto) for UpDates!!
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<center>https://steemitimages.com/DQmWpisRXDF56mV3DgzzPUxb3R2ozseR48YVr2YKtwtrBcV/DQmWpisRXDF56mV3DgzzPUxb3R2ozseR48YVr2YKtwtrBcV.gif



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@kimjongpoo ·
$0.06
Here is an image of Kim Jong Un taking a poo on @haejin the toilet!<br><br>![image](https://i.imgur.com/Yj4pZw0.png)<br> <br>![image](https://steemitimages.com/0x0/https://steemit-production-imageproxy-thumbnail.s3.amazonaws.com/U5dryCvCYeLb3iqKMfqy2eYsDHVQm6i_1680x8400)<br><br>![image1](https://steemitimages.com/0x0/https://ws4.sinaimg.cn/large/006tKfTcly1fqxk2lctlkj30dj0dlgqp.jpg)
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@kimjongpoo ·
$0.39
# @kimjongpoo you have been flagged for replying to @haejin the donkey. <br><br>Because he fucks you, yesterday we fucked him back and took a shit ton of his rewards! <br><br>![image](https://i.imgur.com/Yj4pZw0.png)<br> <br>You're welcome!!<br><br>To reward you, here is an image of Kim Jong Un taking a poo on @haejin the toilet!<br><br>![image](https://steemitimages.com/0x0/https://steemit-production-imageproxy-thumbnail.s3.amazonaws.com/U5dryCvCYeLb3iqKMfqy2eYsDHVQm6i_1680x8400)<br><br>![image1](https://steemitimages.com/0x0/https://ws4.sinaimg.cn/large/006tKfTcly1fqxk2lctlkj30dj0dlgqp.jpg)
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@coin.info ·
**Coins mentioned in post:**

Coin | | Price (USD) | 📉 24h | 📉 7d
- | - | - | - | -
**EOS** | EOS | 17.645$ | _-1.81%_ | _-0.56%_
**QAU** | Quantum | 0.172$ | _-1.12%_ | _1.24%_
**WAVES** | Waves | 6.324$ | _-5.51%_ | _-18.58%_
**XZC** | ZCoin | 38.004$ | _-8.34%_ | _-16.6%_
👎  
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@kimjongpoo ·
$0.43
# @coin.info you have been flagged for replying to @haejin the donkey. <br><br>Because he fucks you, yesterday we fucked him back and took a shit ton of his rewards! <br><br>![image](https://i.imgur.com/Yj4pZw0.png)<br> <br>You're welcome!!<br><br>To reward you, here is an image of Kim Jong Un taking a poo on @haejin the toilet!<br><br>![image](https://steemitimages.com/0x0/https://steemit-production-imageproxy-thumbnail.s3.amazonaws.com/U5dryCvCYeLb3iqKMfqy2eYsDHVQm6i_1680x8400)<br><br>![image1](https://steemitimages.com/0x0/https://ws4.sinaimg.cn/large/006tKfTcly1fqxk2lctlkj30dj0dlgqp.jpg)
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@flag-haejin ·
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@all.crypto.whale ·
# <center> @haejin </center> 

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@kryptobrazuka ·
Interesting view on $XZC ALSO one of my biggest bags.But l don't think it will dump hard as you predict.
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@dionesarit ·
Love trading? Full into cryptoworld? 
So, you should start use TradeCheck - best software for traders ever! 
Description, support and download mirror there: cryptofications.com
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@abusereports ·
$0.28
@dionesarit you're on the @abusereports naughty list!<br>If you do not stop, your account will be rendered invisible on Steemit.  Bad Steemian! Bad!
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