Zilliqa April 15 TA: Bullish Scenario 1 (Target: 825 - 888 sats)
Updated
Zilliqa hit a perfect 1:1 extension for Wave 3 and we target 1.618 fib ext for Wave 5
Subwave 3 of Wave 5 hit a 2.618 fib ext so we target 3.618 for subwave 5.
Both waves agree on a similar range of 825 to 888 sats for the final wave up.
p/s: Wave 4 did slightly intrude into Wave 1 territory in the 4 hour charts but the daily chart is still fine.
Supporting technical indicators:
Stochastic RSI on the 4 hour chart is oversold - We may see a run up soon.
Subwave 3 of Wave 5 hit a 2.618 fib ext so we target 3.618 for subwave 5.
Both waves agree on a similar range of 825 to 888 sats for the final wave up.
p/s: Wave 4 did slightly intrude into Wave 1 territory in the 4 hour charts but the daily chart is still fine.
Supporting technical indicators:
Stochastic RSI on the 4 hour chart is oversold - We may see a run up soon.
Note
Target hit 825 sats ON THE DOT!Note
Target of 825 sats HIT !!!But there could be another subwave up. Here is the scenario:
Target 1: 890 sats region (based on fib ext of wave 1 & 2 in yellow)
Target 2: To be determined
Support roughly between 759 and 774 sats. Buy zone.
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