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FieryTrading
Sep 22, 2023 12:49 PM

πŸ”₯ ZIL At The Verge Of Breaking Out: New Moonshot SignalΒ Long

Zilliqa / TetherUSBinance

Description

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ZIL has been trading below the top resistance for around 18 months. The 0.0155 support held strong all this time. A break out on either side was expected after the support and resistance converged.

If we can close the week above 0.018, I'm treating it as a successful break out of the triangle pattern. In my view this could be the definite low of this token with much more upside ahead.

It's a risky long-term bet with a very good R/R ratio of 52, which can be a massive boost for the trading balance if it plays out.

As always, patience is key.
Comments
behdark
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Thanks for your good analysis
Mihai_Iacob
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Very thoroughly thought out idea, we love to see it. Thanks for sharing!
KABHI_FOREX_TRADING
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Good buy entry, nice
RealMacro
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ZILUSDT is another dead trade and going lower. The chart literally has nothing to be bullish about.

TheSignalyst
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let's go I am also looking for this bullish move
SwallowPremium
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It was so interesting to read, keep up the good work.
Setupsfx_
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Great work thanks
pejman_zwin
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ApplauseπŸ‘
LegionQ8
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looks good to me good luck with the trade
FieryTrading
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@LegionQ8, Thanks
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