Zilliqa has found the bottom at 350 satoshis and went sharply up, breaking above the 8/1 Gann Fan trendline. On a corrective wave down, after the breakout, price went down to 38.2% Fibonacci retracement level, at 480 satoshis. This level has been rejected and ZIL/BTC Produced a new all-time high, hitting 580 satoshis.
Yet another corrective wave down followed,...
I see a rising wedge pattern on the 4 hour chart and a minor bearish divergence on RSI.
Will look for re-entry around the green box.
I'm a beginner, so appreciate every input.
Zilliqa bearish divergence: Price is making higher high while indicator are making lower high. It's a new coin with not so much data, but i expect a retracement to around 500 sats.
ZIL is looking really healthy right now. With this project still being in early development with great test net results... I'm saying we could easily see that match price value of ETC or QTUM.
This is not financial advice homie.
ENGLISH : ZIL have already retracted to about 50% of its recent bull run, meaning the correction could already be over. This first scenario would be represented by the positive breakthrough of the pennante pattern. But we could also expect it to continue its retracement to ~0.0000044, which is the 62% support. From there, price would go up, reaching a bit lower...
