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Ziliqa or ZIL launched on Binance close to four months ago. Owing to the fall of Bitcoin during the same period of time, Ziliqa has retraced close to 80%.
According to Nouvive’s Chief Trader and Analyst, Ziliqa is going to retrace roughly to the 78.06% level, the previous support area first seen in late March.
Ziliqa is the coin to invest for two reasons:
Firstly, ZIL is showing through press release that they can scale far greater than their competitors, ETH/Ethereum included. If this is the case, there will be far more DaPPs on ZIL than ETH – raising the Value. Potentially we could see a ZIL above $10.
Secondly, ZIL has its Mainnet launch on the 30th September, this means that we will see a large increase in both volume and percentage gain as people seek to cash in on ZIL.
Nouvive is aiming for at the first level 150%, to previous nights seen during late April and the Start of June.
Nouvive recommends selling when the level is reached as stated below, waiting for a retrace before, re-entering as a long-term hold.
Enter buy 50%: 0.00000547
Enter buy 50%: 0.00000570
Take Profit 100%: 0.000001298
Profit: 150% – Move Stop Losses up whenever in profit
Stop Loss: 0.00000500
Time Line: 6 Weeks
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