Zilliqa - from exuberance to ... dispair

15 thg 5, 2021

Noting the potential for an EW Flat Correction, with the double-top, suggestion a possible pivot low of $0.088.

What do you think?

17 thg 5, 2021

Ghi chú

Sorry for my brevity, but I should note that the Head & Shoulders pattern does not apply unless we see a confirmed close below the neckline. So even though it broke below in today's spike down, there was heavy buying to drive the price back above. For the H&S pattern to playout, price needs to close and hold below the neckline.

If not, then it might just move down to re-test the neckline before moving higher with BTC and the rest of the market in the coming week.

17 thg 5, 2021

Giao dịch được đóng thủ công

With the bottom in BTC formed just a few hours ago, it is very doubtful that we will see sufficient weakness in ZIL to drop to these levels indicated by C.