Tracking ZIL as well, looks like a bullish pennant has formed converging nicely with the overall upward and downward trend lines.
Keeping an eye for a crossover in the MACD & Signal here in the next week.
Lastly, looks like the movement of ZIL has been predominantly independent of the downward trend in ETH/USD, so looking for a bullish pivot regardless of the overall market--though I expect it to only be a moderate jump.
Relatively new to technical analysis, so please let me know what you see as well! What other signals do you see?
Cheers
Keeping an eye for a crossover in the MACD & Signal here in the next week.
Lastly, looks like the movement of ZIL has been predominantly independent of the downward trend in ETH/USD, so looking for a bullish pivot regardless of the overall market--though I expect it to only be a moderate jump.
Relatively new to technical analysis, so please let me know what you see as well! What other signals do you see?
Cheers
Trade closed: target reached:
Going to call this prediction closed. A new pattern seems to be forming and worth independent analysis. Overall, I'll give this prediction B- correct on the impulse direction (most important), but off on the timing, and significance.