sliceofsatoshi

ZIL / BTC - Good R:R set up

Long
BINANCE:ZILBTC   Zilliqa / Bitcoin
I haven't looked at ZIL for a long time, but as soon as you see it hopefully you see why i think it's worth a long.

MACD on the 1D timeframe is crossing. Bullish divergence can be seen, and a reaction at 0.618 fib. Price was rejected from the 55 EMA but used 200 EMA as support. It's quite common to be rejected on the first test.

Swing trade
Comment:
Weekly Chart - Cup and Handle isn't normal a pattern i play, but you can see one forming. A long extended bottom too and a large increase in volume, great swing trade R:R

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