ZILUSD is looking very bullish on 1H-4H TF.
Current price action showing a symmetrical triangle being formed with a very high probability of breaking out upwards.
Note how the highest candle corresponds to very high volume and that volume began to lower since that big move.
This indicates that majority is still bullish and you can expect a high pump of somewhat the same size as the leg up which was 117%.
Personally I'd like to see a breakout backed by a sudden high amount of volume and this could be a quick and big play.
It's basically the same price action for the most altcoins at the moment so alot of altcoins like VETUSD are making the same patterns.
From my perspective, it's just a matter of market cap size and the previous leg of a pattern that decides and more accurately predicts how high the next move up would be.
Target: my Price Target is around 0.22 USD and I estimate it to be hit 3-7 days after breakout.
May easily hit 0.25-26 USD depending on further price action.
It's also an interesting project for being a rank 53 crypto. Zilliqa is one of the fewer networks whose ecosystem is (partially) based on Byzantine Fault Tolerance as consesus protocol with a very high amount of TPS: Zilliqa compared.
Current price action showing a symmetrical triangle being formed with a very high probability of breaking out upwards.
Note how the highest candle corresponds to very high volume and that volume began to lower since that big move.
This indicates that majority is still bullish and you can expect a high pump of somewhat the same size as the leg up which was 117%.
Personally I'd like to see a breakout backed by a sudden high amount of volume and this could be a quick and big play.
It's basically the same price action for the most altcoins at the moment so alot of altcoins like VETUSD are making the same patterns.
From my perspective, it's just a matter of market cap size and the previous leg of a pattern that decides and more accurately predicts how high the next move up would be.
Target: my Price Target is around 0.22 USD and I estimate it to be hit 3-7 days after breakout.
May easily hit 0.25-26 USD depending on further price action.
It's also an interesting project for being a rank 53 crypto. Zilliqa is one of the fewer networks whose ecosystem is (partially) based on Byzantine Fault Tolerance as consesus protocol with a very high amount of TPS: Zilliqa compared.
Comment:
A massive $6 billion in liquidations across various exchanges is causing market-wide corrections