Just happened to take a glance at the 4 hour chart, and a channel I made back in October still seems to be relevant. Weird how that happens sometimes.
I really hope this is a false alert, but the cloud has flipped bearish, and albeit price has just crossed the conversion line, I don't believe that's a strong enough alert to warrant a bullish attitude quite yet. I will be looking at this one very closely the next few days.
A disclaimer - I do not plan on selling my ZIL stack until it hits $1.00. Like it or not, this has to be one of the sexiest charts in crypto right now. All indicators point to a one-way ticket to the moon. However, if you're looking for a good, conservative place to sell, I'd wait until it breaches the red line on the pitchfork. Best of luck to all of you!
So today, naturally, I spent the Fourth of July analyzing charts. Cause uhhh reasons. But I did spot a rather unconventional setup on the daily Binance BTT chart. I'm still studying Elliot Wave Analysis, which I'm sure many of you know is a ridiculously extensive subject, so bear with me. But speaking of bears, this BTT chart bears a striking resemblance to what...
Very, very basic idea. But certainly an opportunity to make a few bucks in the next few hours. I will be looking for a breakout at the top of the ascending triangle, but I have entered what I intend to be a very quick position and may consider selling once it simply makes contact with the top. Keep it simple and you'll be surprised how many wins you'll rack up....
Justin Sun made his "big" announcement today, and per usual, the rumor caused a price spike on BTT as well as TRX the other day. I'm still bullish on BTT; call Justin Sun what you will, but his marketing is brilliant. I like to think the product he puts out is at least half as good as his marketing, even though I constantly see many people bashing him on Twitter...