ZIL 2021 Targets - Where my current thoughts are at for Zilliqa
Almost 2 years since ATH. Fib drawn from May 2020 where I see the breakout starting to happen (also falls in line with ATL). If ZIL goes to ATH it would be a full 1 to 1 retracement. Recently hit key physcholigical level of $0.10 and has since done a very brief .5 fib retrace and is now attempting to find support around the .382 fib which historically held as a support for a short while after ATH. From ATH (May 2018) to breakout (May 2020) is almost dead on 2 years. Was May the initial signs of an upcoming parabolic run.
Currently studying EW and I am seeing a possible 1st wave on the daily (from breakout) to wave 2 which takes us to October/November driving us up into wave 3 but this is unconfirmed (and I am still learning EW), subwaves identified and I am expecting that if this is the case we are on wave 4 with wave 5 to take us to a retest of that $0.10 level. If we can break that then I am targeting a .236, .382 and ATH. Taking profit at each stage and reassessing any changes along the way.
Mainnet upgraded, bridging the ERC token gap, scalable, very community driven and very interactive with the community especially with the launch of Zeeves.
Always DYOR, this is not financial advice, do not take it as financial advice. I am always up to being challenged so if you disagree with something let me know, it is how we learn and grow
Currently studying EW and I am seeing a possible 1st wave on the daily (from breakout) to wave 2 which takes us to October/November driving us up into wave 3 but this is unconfirmed (and I am still learning EW), subwaves identified and I am expecting that if this is the case we are on wave 4 with wave 5 to take us to a retest of that $0.10 level. If we can break that then I am targeting a .236, .382 and ATH. Taking profit at each stage and reassessing any changes along the way.
Mainnet upgraded, bridging the ERC token gap, scalable, very community driven and very interactive with the community especially with the launch of Zeeves.
Always DYOR, this is not financial advice, do not take it as financial advice. I am always up to being challenged so if you disagree with something let me know, it is how we learn and grow
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