ZILLIQA ZIL- Decision time soon, short term trade idea
5/30/18
TRADE SETUP
- currently testing the upper trend line of the falling wedge pattern
- If rejected, we'll continue retracing back to the 0.618 levels in this falling wedge pattern
- strong support at the 0.618 fib level where we may see a nice bounce
- RSI/Stoch on the 4H looks bearish/neutral
- RSI/Stoch on 1D looks Bullish.neutral
Entry: <1400-1300
Short/Mid-term Targets
- Target 1:1670 (+30%)
- Target 2: 1820 (+40%)
- Target 3: 1920 (+50%)
Stop loss: 1200
Please DYOR and trade at your own risk
* This is not financial advice, I am not a financial advisor. Just a noob learning about charting*
TRADE SETUP
- currently testing the upper trend line of the falling wedge pattern
- If rejected, we'll continue retracing back to the 0.618 levels in this falling wedge pattern
- strong support at the 0.618 fib level where we may see a nice bounce
- RSI/Stoch on the 4H looks bearish/neutral
- RSI/Stoch on 1D looks Bullish.neutral
Entry: <1400-1300
Short/Mid-term Targets
- Target 1:1670 (+30%)
- Target 2: 1820 (+40%)
- Target 3: 1920 (+50%)
Stop loss: 1200
Please DYOR and trade at your own risk
* This is not financial advice, I am not a financial advisor. Just a noob learning about charting*
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.