✴️ Zilliqa Consolidation = Boring & Uncertainty (HH Next)

22 lug 2023

Consolidation periods are characterized by mainly two things, boredom and uncertainty.

Don't you agree?

Zilliqa (ZILUSDT) is now consolidating after recovering from a major low.

The good news here is that the current price trades above its 10-March low/support and also above the 0.786 Fib. retracement level for the 2023 bullish wave.

As long as ZILUSDT trades above these level, the bias is bullish, we expect prices to resume up.

If ZILUSDT breaks below, the bias remains bullish but we would have to wait longer before the next major jump.

Right now we are looking for a higher high compared to February's peak price.

That's all.

Namaste.