ZIL/BTC Rounding Bottom, Hot Cold prediction
This ZIL/BTC chart shows a clear rounding bottom. Also, you will see in this chart that I have created a hot-cold wall to show the safe areas for a buy. Green being the safest and red being the most dangerous. This helps traders understand the more solid supports compared to others. If you are unfamiliar with rounding bottoms, the definition is below. As for now. I suggest some part of portfolio can be dedicated to a Mid to Longterm hold for ZIL. Always keep eye on BTC action, it can make or break ANY alt.
A rounding bottom is a chart pattern used in technical analysis and is identified by a series of price movements that graphically form the shape of a "U". Rounding bottoms are found at the end of extended downward trends and signify a reversal in long-term price movements.
A rounding bottom is a chart pattern used in technical analysis and is identified by a series of price movements that graphically form the shape of a "U". Rounding bottoms are found at the end of extended downward trends and signify a reversal in long-term price movements.
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