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Zilliqa looking for a last wave up
Zilliqa has been performing pretty good these days and still the chart looks really good and alot of room to grow.
4 waves have been counted we are looking for the last wave wich is the 5th one.
Also it looks like it is forming an acending triangle pattern wich is bullish.
Right now, for me this is a no trade zone, I would buy on confirmation the confirmation to buy would be the break of the resistance level and a close above it to prevent bull traps.
The target would be the wave 3 resistance (1262 sats) wich I think it will not break on the 1st try.
The second target would be the wave 5 (1543 sats)
The R:R for the 1st target is 4.5 ratio wich is a very good risk to rewards ratio with a gain of 12%.
My opinion is that this will go sideways untill it hit the apex (green triangle) of the acending triangle and then will break out of it.
4 waves have been counted we are looking for the last wave wich is the 5th one.
Also it looks like it is forming an acending triangle pattern wich is bullish.
Right now, for me this is a no trade zone, I would buy on confirmation the confirmation to buy would be the break of the resistance level and a close above it to prevent bull traps.
The target would be the wave 3 resistance (1262 sats) wich I think it will not break on the 1st try.
The second target would be the wave 5 (1543 sats)
The R:R for the 1st target is 4.5 ratio wich is a very good risk to rewards ratio with a gain of 12%.
My opinion is that this will go sideways untill it hit the apex (green triangle) of the acending triangle and then will break out of it.
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