Zilliqa - Awesome buy level with min.90% profit pot.There was a time when EVERYBODY talked about Zilliqa. They said it is a coin with the best technology out of all of them. When do you think it was?
Yes, you guessed it - it was during the April when Zilliqa went like 600% up and was one of the biggest gainers of this period. But all coins have ups and downs, even "the best ones" in technology, marketing, idea, or even with the best use case. So did ZIL when in following months we saw dip 90% of the price.
Interesting is, that when the price was at around 0.18, I saw folks posting that they just sold most of their portfolio into Zilliqa, because they found out how valuable their technology is. Were they really interested in technology, or were they just greedy? :)
Anyway, as the dip followed, we can see now a true example of the "bubble scheme". After a steep rise of value, the price goes very quickly back on the levels where the hype started. Usually, it dips even a little bit below the starting price and there is a long period of very low volatility afterwards. Just before the next bullish cycle is prepared to come. Yes, we are now in the low volatility area.
Well, I´d say this chart is not a big brainer. We are copying the bubble scheme, sitting on the strongest support and moving around point of control of the whole history of Zilliqa. During recent weeks there is higher volume too - that suggests we are in the accumulation phase of smart traders. The Stochastic indicator is in a bullish divergence.
For me, there are clear signals of next bullish move coming shortly. I´m not setting a SL here, because for me this is just a buy and hold scenario. I don´t care if we dip 20% lower before as long as I will be able to sell with at least 90-200% profit. This is mid/long term and the outcome is either 0 or double (and more) the investment.
The coin didn´t lose anything from its fundamental value. It only lost price. that means that you are buying "the best technological coin" (whatever that means), just 85% cheaper and on technically great levels. But nobody talks about it anymore, because it´s just not trendy now. But honestly, I am aiming for more than 100%. The area of 0.094-0.105 is the most important level. If we can cross it, it will be huge.
If this analysis helped you, please like it, or even share it with your friends. Zilliqa is valuable and the more people find out that NOW is quite a good entry point, the better.
