Let's take a minute and look at this chart together...
- First, we have a , ZILBTC hit the same low at 0.00000132 BTC on the 28th of June and the 4th of July, this is a .
- We can also see the on the and , purple arrows. Notice how the price is going down while the indicators are moving up. This is a very strong and accurate signal but it doesn’t always play out, it can be invalidated.
- This pattern also happens to be a new all-time low on Binance for ZILBTC , making this a retest of the low… Probabilities are high for a move to the upside here.
- The is also moving out of oversold and there is a recent break/challenge of EMA5.
Conditions for change: If ZILBTC moves lower and closes below 0.00000132 BTC on the daily time frame, the above signals become invalid and a new analysis is needed.
Thanks a lot for reading.