Zilliqa one of my FAVORITE crypto..
HI Folks,
As you know I really love and enjoy spending my time doing Technical Analysis on Crypto and soon on Forex...
It really has become my passion.. And YES even when I lose. I started trading in the midst of the Bull Run of early 2021 so everything I bought turned in to Gold..
And then BOOM.. Lost almost everything.. A lot of people become disappointed and leave the markets and say hell no this ain't for me..
I was like damn How cool is though, imagine if I become a master in reading the Technicals and charts.. What is possible then?
So I started reading books and blogs and started following these youtubers (a lot are crap) and most important I started to work on my mindset/psychology.
The money is secondary in this journey I really focus on becoming a master in adapting and absorbing all these knowledge and trying to provide value..
So here I am on the 4 hour Zilliqa/USDT chart.
What I personally do is I start reading the Week chart and then the daily chart and then the 4 hour chart...
Weekly chart is forming a Hammer in a low price area with the RSI around 40... That is BULLISH..
Daily chart has a bullish breakout out of a resistance zone with the RSI around 43.. That is BULLISH..
4 hour chart is showing a decline in momentum... The price has rejected the middle of the earlier black candle of 16 July.
Advice; After a bearish engulfing pattern the black candle becomes resistance.. example. The middle of the candle is resistance 1. The LOW of the candle is resistance 2. and the LOWEST point of the pattern is 3rd resistance. With a Bullish breakout it works out the other way.. (STEVE NISON)
+
The high wave candles making up the price is not so bullish is not how we want to see the price fight resistance..
There is a high possibility for the price to fall back to the described support areas.
Please like the content and follow for more to come..
As you know I really love and enjoy spending my time doing Technical Analysis on Crypto and soon on Forex...
It really has become my passion.. And YES even when I lose. I started trading in the midst of the Bull Run of early 2021 so everything I bought turned in to Gold..
And then BOOM.. Lost almost everything.. A lot of people become disappointed and leave the markets and say hell no this ain't for me..
I was like damn How cool is though, imagine if I become a master in reading the Technicals and charts.. What is possible then?
So I started reading books and blogs and started following these youtubers (a lot are crap) and most important I started to work on my mindset/psychology.
The money is secondary in this journey I really focus on becoming a master in adapting and absorbing all these knowledge and trying to provide value..
So here I am on the 4 hour Zilliqa/USDT chart.
What I personally do is I start reading the Week chart and then the daily chart and then the 4 hour chart...
Weekly chart is forming a Hammer in a low price area with the RSI around 40... That is BULLISH..
Daily chart has a bullish breakout out of a resistance zone with the RSI around 43.. That is BULLISH..
4 hour chart is showing a decline in momentum... The price has rejected the middle of the earlier black candle of 16 July.
Advice; After a bearish engulfing pattern the black candle becomes resistance.. example. The middle of the candle is resistance 1. The LOW of the candle is resistance 2. and the LOWEST point of the pattern is 3rd resistance. With a Bullish breakout it works out the other way.. (STEVE NISON)
+
The high wave candles making up the price is not so bullish is not how we want to see the price fight resistance..
There is a high possibility for the price to fall back to the described support areas.
Please like the content and follow for more to come..
Penafian
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