ZIL - Long Term Pattern Showing Again - Keep An Eye on This!
Zilliqa is one of my favourite charts to trade as it runs a very simple pattern generally of pumps and consolidations.
Indeed, we've got some history:
And now it looks like we've got a massive cup and handle on the weekly chart. This could be a MASSIVE move when this pattern breaks.
Volume is declined, RSI is bottomed but relatively still in a strong spot. We're below all EMA's but a correction back up will lead us right into a breakout.
Fundamentally ZIL is big for tokenization and with the NFT sector coming back strong from it's crash this is a chart to keep eyes on over the coming weeks.
Indeed, we've got some history:
And now it looks like we've got a massive cup and handle on the weekly chart. This could be a MASSIVE move when this pattern breaks.
Volume is declined, RSI is bottomed but relatively still in a strong spot. We're below all EMA's but a correction back up will lead us right into a breakout.
Fundamentally ZIL is big for tokenization and with the NFT sector coming back strong from it's crash this is a chart to keep eyes on over the coming weeks.
Come hang out with me on telegram, it's free and I won't be too mean too mean to you:
t.me/KadnimCrypto
t.me/KadnimCrypto
Related publications
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.