AurumLux

Zilliqa still looking bearish

Short
BINANCE:ZILBTC   Zilliqa / Bitcoin
After the rise in dec and fall in jan Zilliqa with the rest of the alts seem to be following the same trend. If you look at the chart on coinmarketcap you can see a long steady decline. I believe that zilliqa will fall after this little rise to 3 cents and depending on support maybe hit 2.5 cents before hitting bottom in which it will probably go back and forth between 2.5 and 4 cents till last week of April first or second week of May. Then all of the alts will probably begin to rise together unless bitcoin continues to drag them lower or there is some news/fomo. Setting my entry for 3 cents and again at 2.5 cents. Practically a steal considering this coins potential within the next 8 months could easily see this coin at $1-5 or more by beginning of next year.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.