Description
⋅ Hello!
IMO, Zil has likely bottomed.
I am seeing nice confluence with Fibs right now from the top.
The initial down move from the top shows that we have done a 100% retracement from that point around 216 sats.
We have also done a 100% retracement based upon the last big down move in Zil from 670 sats.
This gives us confluence with the big picture down move.
We also have an 18-19 RSI on the daily chart.
We have a smart contract announcement sometime this month for ZIl, too.
Based upon this, I am giving an educated guess that we have bottomed.
Thank you!