albusthami

BTC made Lower High and ZIL is making Quasimodo

Short
BINANCE:ZILUSDT.P   Zilliqa / TetherUS PERPETUAL CONTRACT
I compare ZIL with BTC. Zil jumped so high when BTC was moving positively. It seems now ZIL smart money will distribute. The distribution phase will happen. If you see the volume, you will realize the decreasing of the volume.
If you see, the BTC failed to make Higher high. However, after the price bumped the demand zone, the price rise again.
It happened to the ZIL too, the price goes to the nearer demand zone and will rise again.
So when ZIL joined the rising of BTC, both BTC and ZIL will soon bump the suplpy zone; the top.
I project the price of ZIL will make quasimodo pattern. So I wait in the left shoulder.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.