Updated
ZIL - Sell the news (most likely)
Hey Everyone,
Zilliqa is a fantastic project that I have very high hopes for in the future.
It has had a really nice run so far!
Personally I think that it is going to dump soon since the main net is close. Sell the news as they say.
Technicals are playing along with this as well.
As you can see, the RSI has a bearish divergence on the daily chart. The RSI also shows an inverse head and shoulder formation in the making, which plays along with actual price action, we just need to come down and complete the last shoulder.
MACD looks like it wants to make a bearish cross for us, too, on the daily chart.
Once we dump on the news and form the right shoulder (but the price action's left shoulder), fibs are telling me that we could make a run to around 1000 sats or so.
I am placing orders around the 460 sat area personally.
Thanks everyone!
Zilliqa is a fantastic project that I have very high hopes for in the future.
It has had a really nice run so far!
Personally I think that it is going to dump soon since the main net is close. Sell the news as they say.
Technicals are playing along with this as well.
As you can see, the RSI has a bearish divergence on the daily chart. The RSI also shows an inverse head and shoulder formation in the making, which plays along with actual price action, we just need to come down and complete the last shoulder.
MACD looks like it wants to make a bearish cross for us, too, on the daily chart.
Once we dump on the news and form the right shoulder (but the price action's left shoulder), fibs are telling me that we could make a run to around 1000 sats or so.
I am placing orders around the 460 sat area personally.
Thanks everyone!
Trade active
Getting close to the top of the wedge, I'd be careful!
Trade active
Note
OK - correction, 510 sats all the way down to 439 sats. 466 sats is where I am placing my largest order. Sorry about that. That's what I am doing personally.Trade active
Trade active
Trade active
Trade active
Trade active
My order did go off @ 466 sats, and this coin may go a bit lower before making a move up. Really nice setup now! Hope everyone had success with this so far!
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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.