Exchange : Binance
Buy Zone: 0.00000069~0.00000066
Target Point: 0.00000072/ 0.00000077/ 0.00000081/ 0.00000085/ 0.00000091
As The Volume has down a lot, Symmetrical Triangle is likely to be completed soon
Not only The Chart is similar to RSI, but also Hidden Bullish Divergence
It`s time to...
Trend line is broken and triangle pattern created and macd shows divergence.
Volume flowing into this asset (disregarding what BTC is doing atm)
Flipped ~65sats level into support and quicly rised from there..
RSI entering overbought (bullish)
If you took this signal on the 12H, you should aim for a 1st target at ~83 sats (20%+)
I am not a big fan of waiting for a correction (weakness) when entering a trade by applying a trend-following strategy. I wanna buy strength and sell weakness. Nevertheless, given the overall alt/btc market, it makes sense to wait for a retracement and take this 1 to 5 risk-reward ratio trade.
The reason why I wouldn't enter a position after the initial breakout...
- Falling Wedge Breakout in Daily Time Frame.
- MACD & RSI Both Turning Bullish.
- Need Some Volume For Healthy Uptrend.
- Need Patience For Big Gain (Might Take Time)
Buy Around 72 - 80 Sats
Sell Targets 101 - 133 - 1770 - 202 Sats
Stop Loss Below 67 Sats
Please, give us your opinion in the comments!
If you like the idea, please, hit...
Today Zilliqa team announced their partnership with Chainlink, this is very strong fundamental argument to buy ZIL. Due to the news, the coin pumped out of a huge flat rectangle and now tries to form new uptrend. Targets are on the chart, buy now and thank me later!
ZILBTC move up is looking good for a easy 50+% on cards for short-mid term hold.
Reasons to hold Zilliqa tightly:
Falling wedge narrowing with BTC price drop
Some major project developments and announcements in the pipeline
ZILBTC found solid support around 100-105 Sat and will aim for 23.6% once the wedge resistance is breached
The currency is apparently in an accumulation phase in a support region of about 13 days. The RSI indicates an LTA which could mean a good trade in the next few hours. With initial target in the EMA200 region, breaking times a rest for a new ascent to the next resistance.
Zilliqa (ZIL) Overview
Introduced in 2017, Zilliqa (ZIL) is centered around the idea of 'Sharding' and was designed to enhance the scalability of cryptocurrency networks such as Ethereum. Sharding is analogous to the concept of 'divide and conquer', where transactions are divided into smaller groups for miners to perform parallel transactional verification. The...
- Falling Wedge in Daily Timeframe (Bullish)
- Bullish Divergence In RSI & MACD (Bullish)
- Volume Is Coming But Need More For Healthy Uptrend.
- Tiny Resistance At 134 Sats & 210 Sats Area is Strong Resistance For Now (Support Become Resistance)
Hit Like On Idea For Support & Follow Me For More Interesting Ideas.