Zilliqa $ZIL breakout expected 1:6 R:R
A sloppy inverse H&S can be seen, next to that some kind of ADAM & EVE double bottom and it could also be called some sort of a cup and handle.
Anyways, break the 200 MA, daily level and the purple diagonal trendline while BTC holds up and we will fly. Ultimate target could be ATH, since the fundamentals are there and this bullrun will be strong, though a more conservative target while taking profits along the way is a good play. Entry could be now as we have strong support levels under us or after 0.12 and breaking the diagonal resistance line and confirming the 200 MA as support.
R:R ratio seems very reasonable. Be aware 0.136 is a strong resistance level too.
Anyways, break the 200 MA, daily level and the purple diagonal trendline while BTC holds up and we will fly. Ultimate target could be ATH, since the fundamentals are there and this bullrun will be strong, though a more conservative target while taking profits along the way is a good play. Entry could be now as we have strong support levels under us or after 0.12 and breaking the diagonal resistance line and confirming the 200 MA as support.
R:R ratio seems very reasonable. Be aware 0.136 is a strong resistance level too.
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