Ladadad1313

Ladadad1313

Looking for a long or accumulate more ZIL within this area hands out a good risk to reward ratio.

Ladadad1313 Updated 

The box indicates the demand zone which is showing much strength whenever ZIL takes a hit. Buyers are happy to buy in this region and are always selling at key resistances. We have been making lower lows during the retracement after the 500% uptrend (highlighted and circled in blue). We recently made a higher low (circled in red), and I think there is no need...

Ladadad1313

ZIL has been trading in the demand zone channel despite BTC trading sideways. RSI is showing bullish divergence. Low volume also indicates that bottom is in for the short term. This is a good area for accumulation while waiting the market to come back up. There is a high chance that BTC is having a bounce back to 40k to invalidate the bearish scenario of diving...

Ladadad1313 Updated 

My take is the same as my previous post on ZIL. My sentiment is still bullish on ZIL despite BTC showing some weakness after a rejection to 42k. ZIL currently trading high in volume and is decoupling from BTC. I believed most traders had already entered their positions and late traders are looking for small retracement once an opportunity showed up. This could...

Ladadad1313 Updated 

To break and hold above 0.12 resistance for this to be valid. I expect strong volume coming in for this bullish scenario to play out. Otherwise an invalidation and more downside. I am leaning towards the bullish scenario.