Altcoin to Watch: ZILLIQA to the Moon!!

This is one coin I would be watching closely, historical data shows a previously strong resistance line having turned into a strong support line in the Daily time fram D1, which is also the 0.618 Fib level.
Now, ZILLIQA is currently attempting to retest the resistance level 1.0 Fib level after rebounding from the middle area of 0.786-1.0, at the moment, we see a strong bullish engulfing candle building up.

Technical Indicators:
-MACD shows a strong bullish pattern heavy in the greens and high above neutral line.
-Golden cross of the 21 MA and 100 MA signals a possible BULL RALLY from there.

I would be watching to see how ZILLIQA reacts to the 1.0 level, a close above it in the H1 - H3 Timeframe would give us our entry signal for a BUY OPPORTUNITY towards the next area of strong resistance @ 0.01549, which had been a strong support in MAY - JULY 2019. Breaking this would certainly mean a higher target for us to cash out on!!

As always, trade safely with stop loss orders and have fun!

Regards,
GOLD D ROGER
A humble trader

Yorum:

Forgot to mention, by looking at the D1 charts, we can see areas where the 21 MA overlaps with Fib levels serving as A STRONG SUPPORT LINE for the current uptrend.

This gives the signal for a high probability PARABOLIC upwards momentum.

Yorum:

Broke above resistance 1 @ 0.0155
Daily close above this signals further upside surge

Yorum:

Very good movement so far, waiting to see how ZILIQA reacts to 0.618 level

Yorum:

^ 1.618 level I meant

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