Zilliqa cup and Handle on the daily
Updated
Zilliqa has been in a long period of consolidation and has formed a cup and handle on the daily.
A diagonal trendline is currently acting as resistance and if we can get a nice green candle with some volume to break above it and the EMA's then I expect we find our way back up to retest the ATH.
The overall long term trend is bullish and the market cap is still relatively low. If the market stays bullish we could easily see 5-10x from here over the coming months.
Not financial advice.
A diagonal trendline is currently acting as resistance and if we can get a nice green candle with some volume to break above it and the EMA's then I expect we find our way back up to retest the ATH.
The overall long term trend is bullish and the market cap is still relatively low. If the market stays bullish we could easily see 5-10x from here over the coming months.
Not financial advice.
Note
Breakout confirmed, nice pump with lots of volume and multiple resistances broken on lower time frame.next resistance level around the 0.135 mark. good chance we shoot up and test that now as there's hardly any significant resistance levels between 12c and 13c.
Wont be a bad place to take some profit and look for a re-entry on a retest as we probably wont break it on the first try... if we do then we are going on a moon mission.
Note
Consolidation above previous resistance of .105 and symmetrical triangle formed on the hourly chart. Two possible scenarios, break upwards and continue with next leg up or break downwards and retest 10c level then go back up.
Overall market is bullish just might take some time for this one to get going properly.
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