Why am I bullish on ZIL? Well for one, we have seen the highest daily volume ever recorded for $ZIL recently. It also looks to be forming an ascending triangle, which is inherently bullish. On top of that, $ALTS in general have reacted very well to this recent $BTC retrace, which leads me to believe we are going to see some strong alt bounces across the board. ALSO $ZIL's smart contracts are coming out on June 10th, which can definitely cause some bullish momentum. If you are looking to go long on alt coins, I think ZIL is one of the best choices at the moment.
Comment:
So far so good... we broke out of the triangle, but lets see if we can hold above. If we can flip that resistance into support, I expect we hit my target within a week. We need to hold above here!