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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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.