Most ALTs are doing bottom formations before we see many brake out. Zil is one of those who has a decent trend, most important to reduce your risk exposure.
Keeping it short, I see this bullish for the next two weeks.
Based on the chart and indicators, with the BTC dom. dropping while BTC it accumulates \ consolidates sideways, we see the ALTs rise. Here is my thoughts on Zilliaq for the short term.
Note the following: > the structure at the macro (wedge structure) level and micro level (ABCDE) reversal; > the % returns from the bottom to the Aug high 1215% > elliot 12345, and looks like the ABC correction is complete;
Cheers, S.SAri
Note the eMAs and fib levels. ================================================================================= Daily chart ================================================================================= 2 Day chart. Note the double bottom, + RSI bottom double bottom with bullish divergence on the Phoeix, and the Green RSI passing the 50% mark. A sign of strength.
My hypothesis for now
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Looking for that bullish sign. Which one is it?
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I bought in a % at this level, average in method as its difficult to know which level it will be.