Hi All,
Most ALTs are doing bottom formations before we see many brake out.
Zil is one of those who has a decent trend, most important to reduce your risk exposure.
Keeping it short, I see this bullish for the next two weeks.
Based on the chart and indicators, with the BTC dom. dropping while BTC it accumulates \ consolidates sideways, we see the ALTs rise.
Here is my thoughts on Zilliaq for the short term.
Note the following:
> the structure at the macro (wedge structure) level and micro level (ABCDE) reversal;
> the % returns from the bottom to the Aug high 1215%
> elliot 12345, and looks like the ABC correction is complete;
Cheers,
S.SAri
Note the eMAs and fib levels.
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Daily chart
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2 Day chart.
Note the double bottom, + RSI bottom double bottom with bullish divergence on the Phoeix, and the Green RSI passing the 50% mark. A sign of strength.
My hypothesis for now
Most ALTs are doing bottom formations before we see many brake out.
Zil is one of those who has a decent trend, most important to reduce your risk exposure.
Keeping it short, I see this bullish for the next two weeks.
Based on the chart and indicators, with the BTC dom. dropping while BTC it accumulates \ consolidates sideways, we see the ALTs rise.
Here is my thoughts on Zilliaq for the short term.
Note the following:
> the structure at the macro (wedge structure) level and micro level (ABCDE) reversal;
> the % returns from the bottom to the Aug high 1215%
> elliot 12345, and looks like the ABC correction is complete;
Cheers,
S.SAri
Note the eMAs and fib levels.
=================================================================================
Daily chart
=================================================================================
2 Day chart.
Note the double bottom, + RSI bottom double bottom with bullish divergence on the Phoeix, and the Green RSI passing the 50% mark. A sign of strength.
My hypothesis for now
Note
Looking for that bullish sign. Which one is it?Trade active
I bought in a % at this level, average in method as its difficult to know which level it will be.Trade active
chart update Note
Near breakout timeTrade active
still looking good.Trade closed: target reached
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This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Related publications
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.
Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Related publications
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.