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Khobi7
Jul 23, 2021 6:32 AM

ZILUSDT facing a strong resistance 

Zilliqa / TetherUSBinance

Description

As you can see, the trend has touched several times, such a strong trend, but now facing a strong resistance above ( $0.06401 - $0.06498 ), which also happen to be an EMA 200 on a 2hr TF.
A break above would confirm a new high of this trend, but the supporting trend has been weaken, lets see if it could break, next support would be $0.05897 - $0.05466
Lets keep an eye

Comment

divergence appear on a 2hr tf
s3.tradingview.com/snapshots/l/LpAIYNkO.png

Comment

Strong EMA 200 above, currently couldn't surpass an EMA 140 on a 2hr TF
s3.tradingview.com/snapshots/c/ceW4kUQs.png

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