zilliqa possible breakout but will be determined by BTC-dominanc

Zilliqa is moving towards a critical breakout point (zil/btc - zil/eth) doesn't matter.
However the chances of zilliqa breaking
-through the point of control
-through the ascending wedge
and make new highs are ultimately determined by BTC 0.66% .
Right now BTC 0.66% is stuck within a trading range and facing resistance from the kijun-sen 30 day moving average.
If BTC 0.66% doesn't pull any major moves to upset the equilibrium - high probability that ZIL will breakout of the wedge and move to new highs.
If BTC 0.66% pulls a $500- $1000 pump out of nowhere - ZIL will face a pullback. ( Bitcoin 0.66% rises in dollar value thus Zilliqa's value in eth or btc 0.66% will have to be adjusted by the exchange bots)
However the chances of zilliqa breaking
-through the point of control
-through the ascending wedge
and make new highs are ultimately determined by BTC 0.66% .
Right now BTC 0.66% is stuck within a trading range and facing resistance from the kijun-sen 30 day moving average.
If BTC 0.66% doesn't pull any major moves to upset the equilibrium - high probability that ZIL will breakout of the wedge and move to new highs.
If BTC 0.66% pulls a $500- $1000 pump out of nowhere - ZIL will face a pullback. ( Bitcoin 0.66% rises in dollar value thus Zilliqa's value in eth or btc 0.66% will have to be adjusted by the exchange bots)
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.