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ZIL : Upto 250% profits Opportunity for the Mid Term

Long
BINANCE:ZILBTC   Zilliqa / Bitcoin
RSI : 29
Volume : Need an increased momentum.
Note : Tried to construct an elliott wave move on the 1 day chart so need more energy to break the newly created resistance trend line. By this it might take some time to get a huge profit from this call which makes it a Mid to Long term investment to #HODL. When ALT's season started up it will give upto 250%+ profits. Further it need to break out the newly created resistance trend line to confirm a reversal bull trend.
Market Scenario's
The Alt market depends on the trend of Bitcoin and ZIL will depend on the trend of Bitcoin since it will not have a major fundamental outcome which makes it to boom in the short term. This scenario's are
Scenario 1 : If Bitcoin is going to correct one other time towards the $6700 - 7100$ or consolidate for the short run ZIL will have the probability to follow the green arrow as depicted on the 1D chart.
Scenario 2 : If Bitcoin is going for another leg up and breaks the $8K resistance line it will follow the red arrows first by further going downwards and bounce back and the next formed Bitcoin correction started.
Accumulation Area : 201 sats - 240 sats
Distribution Areas :
Target 1 : 261 sats
Target 2 : 279 sats
Target 3 : 297 sats
Target 4 : 327 sats
Mid To Long Term Targets :
Target 5 : 366 sats
Target 6 : 405 sats
Target 7 : 489 sats
Target 8 : 531 sats
Stop Loss : 200 sats
Risk : High
Capital Allocation : For short term traders 3% to 5% and for long term Traders Upto 15% depending on your diversified allocation portfolio status.

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