= ELEMONT FX =
Analysis:
- Zilliqa is currently correcting after an overextended bull run
- We expect price to continue retracing towards the next support level (blue zone)
- Here we will be looking for the oscillator to turn upwards and a bullish reversal pattern
- Blue zone is also the 50% fib level of the bull run
- If that area breaks, 1,280 becomes major support
Targets
1. 1,750
2. 2,000
3. 2,200
Analysis:
- Zilliqa is currently correcting after an overextended bull run
- We expect price to continue retracing towards the next support level (blue zone)
- Here we will be looking for the oscillator to turn upwards and a bullish reversal pattern
- Blue zone is also the 50% fib level of the bull run
- If that area breaks, 1,280 becomes major support
Targets
1. 1,750
2. 2,000
3. 2,200
