Ziliqa has been in a flag pattern since late June and it has broken the bearish trend line!!! YESSS go long!!!
BUT WAIT!!!
There are a handful of TA indicating that the odds of that happening now is not actually that good.
1. Zil had broken the bearish trend line once before on Aug 7th but it just went up to Fib ,618 and then crashed. I personally believe this is a recuperation from the its late crash and since it has once again hit the Fib ,618 it could go for another dive.
2. The RSI is so close to sell saturation area and another slight move to the upside will blow it.
3. ADX is not looking so good and even though it is bullish but since the DL is low that interpretation could not be given so much credit to.
In a very probably scenario it will see some minor pump and dumps around the red trend line until reaches 150 levels and from there it could go ballistic again!
GUYSSSS please hit that like bottom and also follow my profile for more exciting TA. That'd be highly appreciated.
Happy trading!
BUT WAIT!!!
There are a handful of TA indicating that the odds of that happening now is not actually that good.
1. Zil had broken the bearish trend line once before on Aug 7th but it just went up to Fib ,618 and then crashed. I personally believe this is a recuperation from the its late crash and since it has once again hit the Fib ,618 it could go for another dive.
2. The RSI is so close to sell saturation area and another slight move to the upside will blow it.
3. ADX is not looking so good and even though it is bullish but since the DL is low that interpretation could not be given so much credit to.
In a very probably scenario it will see some minor pump and dumps around the red trend line until reaches 150 levels and from there it could go ballistic again!
GUYSSSS please hit that like bottom and also follow my profile for more exciting TA. That'd be highly appreciated.
Happy trading!