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Ziliqa

ZILUSD Perfect buy level for a complete recoveryZiliqa (ZILUSD) is rebounding after almost hitting the former Lower Highs trend-line, which happens to be just below the 1D MA200 (orange trend-line). The pattern is quite similar to the late February - mid March 2020 COVID market crash. Even in RSI terms, the sequences are fairly identical. As long as the former Lower Highs hold, we are expecting a strong recovery back to the April 01 High, even the 0.2650 High of May 2021. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
BINANCE:ZILUSDLong
by TradingShot
1
ZIL almost in a perfect accumulation zoneI expect BTC to go down taking the market with it and when this happens (I suppose very soon) ZIL should follow. However I can't miss the fact that ZIL price is very far from its ATH and almost to the 1 Fib line and a potential growth of 600% with little to risk. My advice is to wait for the next market drop, check where ZIL bottoms and at that point I'd start accumulate up until ZIL doesn't cross EMA 200 upwards. I think this could be a trade with a good profit potential. Moreover the project it's solid. Recap: don't enter now, check how far does retraces, maybe set some alerts and then start accumulating until ZIL crosses EMA 200. Easy! Good luck
by Shotokhan
1