Technical analysis of Zilliqa 01/08/18

[https://criptotradingesp.com/zilliqa-alcanza-los-1-000-millones-de-dolares-de-capitalizacion/]

Zilliqa is a cryptomoneda that allows you to develop your ideas through your platform safely and quickly.
ZIL will be your code and we will see in Binance one of the most liquid exchanges and account for 11% of transactions in ZIL.

[https://coinmarketcap.com/currencies/zilliqa/#markets]

Beyond all ZIL allows you to test your project especially Dapps on the way and advise you with doing so. I think if ZIL manages to make a large business partner, he could give that push he needs to be able to stand out from the others. It is ranked 24th according to Coinmarketcap capitalization.

Now looking at the ones that we are interested in, let's see the analysis}

We see as usual a great support in 825 satoshis up to 784. If we do the wave count of Elliot we see a wave 5 that indicates a possible change of trend that does not give a good opportunity because we are in a support zone. Although Bitcoin has a dominance of 47.9% that gives us a big margin of error because of the first movement of BTC; It could collapse our analysis. I think the most sensible thing is to wait for a chance to revert from BTC to enter this type of Altcoins that could give us a double opportunity to buy.

The ideal entry will be when RSI rises above 50 points and ADX makes the uptrend change for a great opportunity.

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