Market & Ticker: Zilliqa – ZIL /USDT
Date: 01/11/2023
Horizon / Timing: Tactical Mid-term / 1 to 3 months
Scenario:
Barn Bridge (BOND) surged quickly last past week before having surpassed the moving average and triggering a buying signal. The technical structure is still showing a similar move potential to reproduce the raise observe early 2023 with a potential at 0,035.
At the current price the potential of ZIL stands at 0,025 and 0,029 maximum. On the near to mid-term basis 0,01690 is acting as robust support to add in dip in the 0,019 to anticipate the recovery expected.
Technical Key Elements:
- Auto similar move potential shows target at 0,035
- RSI indicator is above 50% (no bearish divergence)
- The Moving average are support
- Fibonacci key support is adjusted at 0,019 while the Elliot wave shows upside potential towards 0,025 and 0,029
Trade Idea conclusion: Buy - Conviction:
 | | | (HIGH) |
Target 2: 0,029
Target 1: 0,025
Buy: add in dip area 0,019
Stop: 0,01690 (Daily close)
Chart: Daily Basis (Candle Stick) - Logarithmic
Indicators: Exponential Moving Average (21/34/89) - RSI (21)
