BINANCE:ZILBTC   Zilliqa / Bitcoin
Looking at this ZIL 4H Cup and Handle pattern that broke out with solid volume earlier today. Price is due for a bit of a correction and in order to get the best risk reward on this trade I will wait to enter on a retest of the neckline of the C&H pattern. If it doesn't reach there then oh well, do not FOMO into moves. I have set buy orders at 1235sats and the target for this C&H pattern is around the 1550-1600sat range. Cup and Handle is a great continuation of an uptrend pattern and the cup usually retraces 0.5 / 0.618 of the overall trend (ZIL reached 0.5) and the handle usually reaches between 0.382 and 0.618 of the cup uptrend (ZIL retraced 0.5). The localized volume on the breakout confirmed the pattern and the trend is definitely intact as an uptrend.


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