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MyCryptoParadise_Nathan
Nov 28, 2023 2:15 PM

ZIL/USDT Movement in the Bullish Flag. Success Break or Fail ?? 

Zilliqa / TetherUSBinance

Description

💎 ZIL has become a prominent player in the market, currently situated in a demand zone that previously acted as a supply area. Additionally, ZIL is exhibiting a Bullish flag formation pattern, typically indicative of a bullish continuation. Should ZIL successfully break out of this pattern, there's a strong likelihood of an easier path towards our targeted strong resistance area.

💎 However, if ZIL struggles to maintain its stance within the demand area and experiences a breakdown, it could signal a concerning shift. Such a scenario would indicate a failure of the Bullish flag formation, potentially leading ZIL into a downward trend towards the support zone.

💎 It's crucial for Paradisers to keep a watchful eye on ZIL's performance in this critical formation. A breakout could spell significant upward potential, while a breakdown may necessitate a reevaluation of strategies in anticipation of a bearish movement.

Trade closed: target reached

Just like clockwork, #ZIL is tracing our forecast, hitting that sweet 38.47% growth mark.

Comments
Investing_Trading
Great Thinking!
Arazmajeed
Impressive idea, Easy to understand 👏
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