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ZILBTC Technical Analysis

Discussion in 'Expert Level' started by Arpit, Oct 21, 2018.

  1. Arpit

    Arpit Moderator Premium Member

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    Hello Guys. As we can see that there is a lot of confusion in BTC currently and it is not able to decide a direction. So much difference in the price on different platform is leading to it.

    We can see some movements in the Alts, so I thought its better to Analyse Alts for this time.

    We are looking at the 4H chart of ZILBTC.


    [​IMG]
    The price previously moved inside the channel and broke it for some 20–25% move. We are back to the same accumulation zone again.

    2 major Resistances that i see is:

    a)100 EMA at 523 mark

    b)200 EMA at 533 mark

    200 EMA(blue) has been acting as a great resistance for a long time. Hence a break of it would result in great upmove. Also, the price is moving in a symmetrical triangle.

    The RSI is also forming a symmetrical Triangle . MACD is bullish and the price is Inside the Ichimoku Cloud.

    To trade this particular setup:

    For risk takers: Take some entry now and some after 533.

    For risk Averse: Take Entry after 533

    Target: 590–620–660-open

    SL:503

    This is just an Analysis. Trade this setup at your own Risk.
     
  2. CryptoExpert

    CryptoExpert Contributor

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    I hope it's really helpful for us.
     
  3. CryptoExpert

    CryptoExpert Contributor

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