is it possible we are in for a crypto winter?
if so then the alt season could be on hold for as much as another year!
the good news is that if it does take that long, then the prices can go much higher.
$5.00 for zilliqa in January 2023
I am not selling positions, just accumulating.
not financial advice
crab harmonic pattern:
tp1=1.6 BC=$0.0527 *reached*
tp2=2.6 BC=$0.126 *reached*
resistances in the way of $2:
I am a firm believer that Zilliqa ($ZIL) needs to trade above $0.11 to turn BULL-ish. Right now, BULLS are losing as the buying pressure weakens. BEARS are beginning to gain strength but this is not set in stone. I don't believe $ZIL will dip below $0.09
Zilliqa ($ZIL) with some outstanding news today. They have formed a new partnership with @ValkyrieFunds to increase USA exposure to traditional retail and traditional institutional investors. THIS IS HUGE! BIG MONEY is going to pour into $ZIL. As an added benefit, these traditional investors will also benefit from $ZIL staking rewards! Rich people love...
After a 80% correction since May. ZIL has been consolidating and looks to be at the end of a falling wedge. It does have a lot of ceiling to overcome but it is possible to see it breaking out this quarter.
Divergence on price action and MACD.
We can see an HS pattern forming, sign of a trend reversal.
- Flat ABC (light blue) correction finished near 0.61 fib
- Waves 1-2 (red) already completed. This could be the start of wave 3!!
Zillliqa ($ZIL) is just getting started and the best is yet to come! A bit of indecision today with BULLS in the slight lead. Profit taking is normal and I feared it would have been far worse! We are in a daily uptrend
my first idea was that this chart formed a long term inverse head and shoulders. You can see however that also a cup and handle pattern seems to fit for Ziliqa. This last dip was just a retest from this perspective and this coin is now ready to go for new all time highs!!
Why get subbed to me on Tradingview?
-TOP author on TradingView
-2000+ ideas published
-15+ years experience in markets
-Professional chart break downs
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Covering FX/crypto/US stocks
-24/7 uptime so constant updates
🎁Please hit the like...
After any strong price move, a pullback/corrective move is expected!
It seems to me that the correction/pullback phase is ongoing and at any time a journey to 0.3 - 0.4 price mark (1.272 to 1.414 Fibonacci extension) is about to start!
If it happens we need to keep in mind that it's not going to be a "straight line" journey!
And the only way to reach such a...