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I.T.Analytics
Oct 5, 2020 11:33 AM

Short idea - ZIL/BTC Short

Zilliqa / BitcoinBinance

Description

It seems to be a good selling opportunity on ZIL / BTC.
This pair has been moving in a downward channel for more than three months.
The price is close to the upper channel's frontier, plus there is a clear horizontal resistance.
The downward trend reserve is about 20 per cent, to the middle of the descending channel.
Good risk/reward ratio.
You should wait for ATS confirmation at least on the four-hour timeframe to enter a trade.

Trade active

goes according to the forecast, has already gone down by 8%
Comments
transparent-fx
definitely possible to see a rejection of this dynamic resistance zone
Coinathlon
Great idea, sir! How do you feel about my video analysis of ZIL/BTC?

phenom118
At what sat should we enter trade
I.T.Analytics
@dani155555, You should wait for ATS confirmation at least on the four-hour timeframe to enter a trade.
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