ZIL.USDT (Y20.P4.E1).Looking for an entry

Hi All,

Most ALTs are doing bottom formations before we see many brake out.
Zil is one of those who has a decent trend, most important to reduce your risk exposure.

Keeping it short, I see this bullish for the next two weeks.

Based on the chart and indicators, with the BTC dom. dropping while BTC it accumulates \ consolidates sideways, we see the ALTs rise.
Here is my thoughts on Zilliaq for the short term.

Note the following:
> the structure at the macro (wedge structure) level and micro level (ABCDE) reversal;
> the % returns from the bottom to the Aug high 1215%
> elliot 12345, and looks like the ABC correction is complete;

Cheers,
S.SAri

Note the eMAs and fib levels.

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Daily chart

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2 Day chart.
Note the double bottom, + RSI bottom double bottom with bullish divergence on the Phoeix, and the Green RSI passing the 50% mark. A sign of strength.

My hypothesis for now

Comment:

Looking for that bullish sign. Which one is it?

Trade active:

I bought in a % at this level, average in method as its difficult to know which level it will be.

Trade active:

chart update

Comment:

Near breakout time

Trade active:

still looking good.

Trade closed: target reached: