Recent Blockchain (2017), but already in the Top 50 of coinmarketcap,
ZILLIQA distinguishes itself by its advanced technologies:
- Sharding: intelligent division of workload between minors
- "home" language supposedly more efficient for its Smart Contracts
I didn't buy ZIL in 2018 because I found it overvalued with regard to its strong supply of about 1 Billion, but its strong retracement as on the majority of the crypto-market makes it today seems particularly interesting in terms of risk-reward
My opinion is of course supported by chartism in progress, which seems to be now in a Symmetrical Triangle of continuation with target at $ 0.03
The volume analysis corresponds to the rapid rise then slow decline typical of symmetric triangles:
we must now monitor the rise in future volumes, necessary for a bullish breakout
The RSI 14 indicates a recent overselling that is a priori auspicious for the future (see the precedents that I highlighted on this indicator)
This remains a trade "high risk high reward", so in your soul and conscience after thorough study of fundamentals, team / community / partnerships, etc. You alone are responsible for your investments, good luck to all!
ZILLIQA distinguishes itself by its advanced technologies:
- Sharding: intelligent division of workload between minors
- "home" language supposedly more efficient for its Smart Contracts
I didn't buy ZIL in 2018 because I found it overvalued with regard to its strong supply of about 1 Billion, but its strong retracement as on the majority of the crypto-market makes it today seems particularly interesting in terms of risk-reward
My opinion is of course supported by chartism in progress, which seems to be now in a Symmetrical Triangle of continuation with target at $ 0.03
The volume analysis corresponds to the rapid rise then slow decline typical of symmetric triangles:
we must now monitor the rise in future volumes, necessary for a bullish breakout
The RSI 14 indicates a recent overselling that is a priori auspicious for the future (see the precedents that I highlighted on this indicator)
This remains a trade "high risk high reward", so in your soul and conscience after thorough study of fundamentals, team / community / partnerships, etc. You alone are responsible for your investments, good luck to all!
Trade closed manually:
Be careful now with the bearish influence of Bitcoin (bearish H & S)!