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Chibuike_Odoh
Jan 16, 2021 12:21 PM

ZILUSDT - 5th Elliott impulsive waveΒ Long

Zilliqa / TetherUSBinance

Description

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ZILUSDT brokeout above the bullish flag (2nd wave) as expected from my previous analysis to complete the 3rd impulsive wave.
Price retraced to the 0.5 fibonacci retracement level.
Price action is printing a bullish flag pattern ( 4th wave).
We could be on the verge of the 5th wave.
Buy entry ⬆️ - breakout above the bullish flag resistance.
Targets 🎯 - previous swing high (ATH), fibonacci extension levels.
Setup invalidation ❌ - breakdown below the previous swing low.
Comments
importantCode12562
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good analysis
Chibuike_Odoh
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Shegslove
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this is great analysis
Chibuike_Odoh
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@Shegslove thanks manπŸ‘
AlkalineFX
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Great stuff
Chibuike_Odoh
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@AlkalineFX, thanks mate
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