At Coin Inquire, we offer free price signal of
Zilliqa (ZIL) and other cryptocurrencies. Today July 06 we are beginning a new series of free signals for top cryptocurrencies including Zilliqa (ZIL) .
Here we have the chart for Zilliqa ( ZILBTC ), which is looking beautiful and can potentially produce a strong breakout to the upside…
Let’s take a minute and look at this chart together…
- First, we have a double bottom , ZILBTC hit the same low at 0.00000132 BTC on the 28th of June and the 4th of July, this is a bullish pattern .
- We can also see the bullish divergence on the MACD and RSI , purple arrows. Notice how the price is going down while the indicators are moving up. This is a very strong and accurate signal but it doesn’t always play out, it can be invalidated.
- This double bottom pattern also happens to be a new all-time low on Binance for ZILBTC , making this a retest of the low… Probabilities are high for a move to the upside here.
- The RSI is also moving out of oversold and there is a recent break/challenge of EMA5.
1- Do not invest in every ICO – most of them are a scam.
2- Crypto is a heavily manipulated commodity and the price can change at any moment.
3- The creation cost of a coin represents the “wholesale” price – It is always better to buy when the price is close to the creation cost.
4- Crypto has a natural cash flow that dictates the selling pressure. Like, 1800 bitcoins are mine each day so 1800 bitcoin must be bought at the current price (“means market needs new $18 millions of investment every day if the price is $10,000 to maintain the current price“).
5- Patience and timing are key to making a profit:
Buy, when the price is close to the creation cost.
Sell, when the price is way high off the creation cost.