Zilliqa breaking out

Updated
Good risk/reward ratio on this ZILBTC pair. Targets and stop-loss are given.

  • inverted Head and Shoulders on 1H candles
  • it's just breaking out of this white trend line
  • Phoenix indicator: Positive White Energy AND Green Line above Energy (very good)
  • Bitcoin is stabilizing which is good for altBTC pairs


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Note
My stop-loss at 173 triggered and right after that, ZIL reversed back up. Grrr. Breakout didn't happen yet so now I'm waiting for it and I may re-enter if there's volume confirmation of breakout.
Technical IndicatorsphoenixTrend Analysiszil

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