Panjang
ZIL Starting Wave 3
This is a forward looking analysis of $BINANCE:ZILBTC using Elliot Wave and Fibonacci levels.
ZIL has been showing some strong bullish behavior since it hit Binance. It seems as thought Waves 1 and 2 have completed with Wave 3 just starting. This is an analysis of Wave 3 targets. They are:
I'm making an assumption that Wave 3 will hit the 2.618 level because of the strong performance and overall market momentum. However, 3469 is also on the table for Wave 3 at 3.618.
We saw Wave 2 retrace 50% so I'd expect to see Wave 4 to retrace the same amount. This would give us a target of about 1800. A retracement into the golden zone would around 1550 and max retracement of 1300 at .786 and touching the top of Wave 1.
I'd expect to see a Wave 5 to be 1:1 of wave 3 for a price target of about 3647.
ZIL has been showing some strong bullish behavior since it hit Binance. It seems as thought Waves 1 and 2 have completed with Wave 3 just starting. This is an analysis of Wave 3 targets. They are:
- 1604 (1.0 fib)
- 2044 (1.618 fib)
- 2757 (2.618 fib)
I'm making an assumption that Wave 3 will hit the 2.618 level because of the strong performance and overall market momentum. However, 3469 is also on the table for Wave 3 at 3.618.
We saw Wave 2 retrace 50% so I'd expect to see Wave 4 to retrace the same amount. This would give us a target of about 1800. A retracement into the golden zone would around 1550 and max retracement of 1300 at .786 and touching the top of Wave 1.
I'd expect to see a Wave 5 to be 1:1 of wave 3 for a price target of about 3647.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.