Zil/Usdt Possible targetsWarning: This is only my idea.
If you want to long zil/usdt based on my view, Do it with your risk management system.
Ok before we start we need to know these:
1- Zilliqa Daily time frame is on impulsive wave.
2- Zilliqa weekly time frame is Bullish.
3- We are in the bullish season of crypto market.
-As you can see we have a bullish flag in daily time frame and we had successful breakout. So price can rise up to 0.168$ based on flag's pole
-Right now Zil is experiencing impulsive wave so if we want to predict how far it can reach, We use trend based fib(Impulsive wave 1 and corrective wave 1 are used for trend based fib extension)
Let's see possible targets based on trend-based fib extension:
1- 0.16860
2- 0.18727
3- 0.21751
4- 0.26904
Also we had a good new about Zil which said EGW Capital is looking to invest another 20-25$ million in Zil Coins in the coming weeks.
Please note that all of these possible targets depend on if crypto market remain bullish.
