ZILLIQA (ZIL/BTC) - CORRECTION + BUY ZONE
= ELEMONT FX =
Analysis:
- Zilliqa is currently correcting after an overextended bull run
- We expect price to continue retracing towards the next support level (blue zone)
- Here we will be looking for the oscillator to turn upwards and a bullish reversal pattern
- Blue zone is also the 50% fib level of the bull run
- If that area breaks, 1,280 becomes major support
Targets
1. 1,750
2. 2,000
3. 2,200
Analysis:
- Zilliqa is currently correcting after an overextended bull run
- We expect price to continue retracing towards the next support level (blue zone)
- Here we will be looking for the oscillator to turn upwards and a bullish reversal pattern
- Blue zone is also the 50% fib level of the bull run
- If that area breaks, 1,280 becomes major support
Targets
1. 1,750
2. 2,000
3. 2,200
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.