Zilliqua
Daily Bullish Signal $ZIL #ZILBTC (15-10)#ZIL (ZIL/BTC)
Buy : 525
Flash Sell : 540
Short Sell : 580
Long Sell : 600-620-640-660-680
Stop : 490
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ZilliqaZILBTC look like falling wedge -reversal pattern. Touched 61.8% level fibonacci. Targets - resistance lines (blue and black).
Fundamental strong news
Zilliqa Testnet V2 Ready to Empower Zilliqa Ecosystem
bit.ly
ZIL to the 1000 shortIt seems Zil will rise to 1000 shortly. Main question is where will its resistance. If it can hold on 1xxx next target will be 200 on medium range.
ZILLIQA cup formed and handle forming on the 2hr chartOn the 2hr chart we have a clear cup formed after falling out of a ascending bearish wedge and a handle which is in progress. Bullish sentiment returned with the testnet live news on the 06-04-18.
I believe the handle will form over the next 10-12hrs and we will see a push toward a new ATH -0.27% .
My personal targets are
T1 - 800 - There will be a lot of sell pressure at this level but as new volume enters due to new interest we should be able to punch through T1.
T2 - 900 - The sell pressure at 800sats seems artificial and will likely move as momentum increases.
T2 - 1000 - I believe whales and day traders will take some profit at this point and it will retrace and retest 1000sats again prior to pushing past it.
****I do not intend to take profit****
Nor am i advising anyone too, this is not financial advice. That is at your own discretion. These are the targets i believe it will hit in coming days. We have skirted 800sats already peaking at 782sats and have a potential bull flag forming on the 4-6hr charts.
Long term Zilliqa is looking very healthy and is attracting the spotlight due to solid development work and the successful test net launch.
If you have any questions please fire away, i will work to increase chart quality going forward based on feedback. I have been running and updating this chart since i entered on the 09-04-18. I will continue to update this chart as it develops.
Best Regards
Joe
Zilliqua 5th wave targetfirstly welcome Zilliqua, its been around less then 1 month and is already making moves and being talked about regularly on social platforms.
a gradual climb is always a healthy one and it follows the fib lines very nicely. based on this it should end up at approx 750 sat however elliott wave theory suggests that there are 2 other possibilities as wave 3 wasn't 1.62 of wave 1. thus remaining we could see a short at around 680 sat or an oversold target of 860.
pick your winner:
680
750
860
