Zil is building up both to its mainnet launch and its daily 200MA,after a solid Cup & Handle pattern,arrows dictate probable scenario in short term,longer term would most likely trend over 200MA till near mainnet launch,then retreat to nearest support levels.Could flop over though and swiftly try and hit a double a bottom for some extra bounce upwards but its good...
Monitor movement if strong volume occurs breakout probable,more likely to breakdown though,even with low stochastic rsi indicating upwards flow,safest strategy is to see if it retests lower trendline or double bottom potential zone and position accordingly from there
Possible 5% play if price rebounds of lower trendline before it bounces of 200MA,could climb above that but would need serious volume to reach indicated levels,greater likelihood will retest lows,possible double bottom if it all rolls over.Space to increase on RSI but not a huge amount,reinforcing likely retest of lows.Moderate to good fundamentals being an...
Descending channel possible spike to top trendline or descending EMA/MA,if divergence is true,doubt would hold especially without volume ,short term probable continuation in rangebound action,near recent ATL (all time low) but good fundamentals proprietary OS,phone,cold wallet,main promoter is BarcelonaFC and Lionel Messi so good reach in terms of mainstream...
Descending channel possible spike to top trendline if divergence is true,doubt would hold especially without volume,short term probable continuation in rangebound action,near recent ATL(all time low) but good fundamentals proprietary OS,phone,cold wallet,main promoter is BarcelonaFC and Lionel Messi so good reach in terms of mainstream audience,flagship store...
Relative Vigour Index just turned round from steep decline,watch in combo with other indicators of your choice,but possible uptrend inbound,short term i think,possible 5 to 8 % gain if it springs back to highest trend line,but the 200MA being so far above is not a good sign for the shorter to midterm timeframe 2 to 10 days ish in my mind.Fundamentals wise though...
H&S-head and shoulders,C&H-cup and handle.Possible breakouts and breakdowns abound,current range has strong support and strong resistance all depends on the volume to which way it rolls
Price needs to carry upwards to 0.0027 to confirm which is on or around the 200MA,possible buy if it breaks over with volume,blue box is heavy resistance level.Could even be a cup and handle forming,rather than the H&S,with a possible 0.0031 target,which is just before the heavy resistance range.May all just rollover though,especially with low volume in which case...
