Time for Zilliqa to shine - Inverse H&S with Fibs/Ichimoku Idea

ZIL-BTC Bullish reasons:

• Inverse Head and Shoulders Right Shoulder forming which potentially will test 650+ neckline that coincides with 0.236 Fib retracing to 1st Lower High on Daily immediately after ATH that confirmed the downtrend.
  
  
• Daily Ichimoku bullish crossover (conversion line crossing base line) happened under the cloud (weak to medium signal)
  
  
• Lagging line above price candles 26 days ago - Strong indication as price entered the cloud too.
  
  
• Future Kumo twist about to happen - Looks like a strong possibility now.
  
  

Confirmation of a bullish move to test neckline

• Price piercing out of the cloud and new daily candle breaking out of cloud
  
  
• Lagging Line out of cloud 26 days ago
  
  
• Future Kumo cloud turning bright meaning Span A above Span B.

Trade Opportunity

Entry - Under 480

Stop Loss - 420

Targets

Target 1 - 546 (Cloud Resistance on Daily)
Target 2 - 650 (Inverse H&S Neckline)
Target 3 - 688 (0.236 Fib retracement to All Time Lower High (LH)
Target 4 - 895 (Optimistic 0.382 Fib retracement to All Time LH)

If you like this idea, give me a thumbs up. Also have a look at my AI Lite indicator which populates BUY/SELL signals on chart based on a high probability system that I have developed. If you would like to try it, PM me. If you are a new trader/beginner and would like a TA coaching session, PM me for a free 30m session on Team Viewer.

Happy trading.

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Trade active:

Using my new script 'Levels Generator with Fibs' published this week, the short-mid term levels are shown on the chart. PM me to try the script if you are a trader who trade using levels and zones.

Comment:

Comment:

Short term levels hit crossing 524 to touch 531

Comment:

Using my script AI Lite, the BUY trigger generated levels and with momentum, the price went to touch 531 crossing 526 level. The settings can be altered for short term and swing trade and levels will change accordingly.