To be fair: potential bullish scenario for ZIL
Hello All,
I am in the camp that says ZIL is probably going to dump instead of pushing much further up in the meantime. However, this is crypto, and insane amounts of volume can come in out of nowhere.
I am not telling anyone to buy or sell their ZIL at this point in time. Personally if you are worried about small moves on ZIL right now, this is not the analysis for you.
Some potential bullish milestones and targets if they choose to bring in volume to me would be: establishing support above the 200 EMA on the daily chart @ 639 sats, then hitting the 2.618 @ 762 sats, the .236 at around 857 sats, the 3.618 at 910 sats, or maybe even the 4.236 which has confluence with the 1000 sat resistance level. To me this fib sequence seems to be playing out so far. I'd love to see yours as well.
Again, I still think that it isn't very likely that Zil has a big move left in it without correcting first, but I wanted to give some potential bullish targets to be fair, because anything can happen.
I linked the ZIL analysis that I think is more likely to happen to this analysis for reference.
Thank you!
I am in the camp that says ZIL is probably going to dump instead of pushing much further up in the meantime. However, this is crypto, and insane amounts of volume can come in out of nowhere.
I am not telling anyone to buy or sell their ZIL at this point in time. Personally if you are worried about small moves on ZIL right now, this is not the analysis for you.
Some potential bullish milestones and targets if they choose to bring in volume to me would be: establishing support above the 200 EMA on the daily chart @ 639 sats, then hitting the 2.618 @ 762 sats, the .236 at around 857 sats, the 3.618 at 910 sats, or maybe even the 4.236 which has confluence with the 1000 sat resistance level. To me this fib sequence seems to be playing out so far. I'd love to see yours as well.
Again, I still think that it isn't very likely that Zil has a big move left in it without correcting first, but I wanted to give some potential bullish targets to be fair, because anything can happen.
I linked the ZIL analysis that I think is more likely to happen to this analysis for reference.
Thank you!
Trade active:
Reaching close to the top of the wedge. I'd be careful.
Reaching close to the top of the wedge. I'd be careful.
