ZILUSDT.P trade ideas
ZIL/USDT - Upcoming Reversal ZIL has pulled back and is in a sharp descending triangle. I would wait to see the breakout of the the top of the triangle resistance and confirm the retest the top line as support before putting in a long position.
This is not Financial Advice. This is simply an idea of chart patten recognition I will be using to compare in the future. Do your own research and practice proper risk management. Good luck to all.
More information of descending triangles:
www.investopedia.com
Ziliqa are we stopping ?We should not panic as for now, ZIL currently is still holding at the 0.382 up trend fib channel, looking forward for the bounce back <3
shorter should have good profit for now, let's give ZIL supporter a break.
overall is down -41% from ATH, but still positive toward long at this level ,
HOLD, DCA, Do not play high leverage :)
Zil overall, my quick analysis.Zil has entered the bear market. If Zil wants to be on track again
this token needs to stay on top of a purple dash line. Otherwise, it will sideway down
to retest the last support.
At the moment, for me, it is not very interesting to buy. Should wait for the market to push it back above purple
dash line.
Cup & Handle FormationHey all,
Here's my analysis on Ziliqa after forming a Cup & Handle on the hourly chart, it seems heading towards the 61.8 Fib. and if it bounces up and break the handle we might see another gain toward $0.24. and if the downtrend continues then it will reach to $0.126 and lower
Disclaimer: This is my personal opinion and not a financial advice. DYOR!!
ZIL/USDT wait for trigger to long!Waiting for an approach to the 0.126-0.132 region to see the price reaction. If we see a break in the down trend we can long. Alternatively we may see a turn around at current levels however i see ZIL heading down to the 0.12 support region.
Longs targeting the 0.26 region on a follow through surge in the price if the market reacts positively.
Not financial advice, just my view on current trends.
Have a great trading day ahead of you!
ZILLIQA what is next 💡Based on the chart after long time, we can see appropriate amount of volume for the price and sharp candlesticks ✔️
if
this volume continues, and the price stays above the support area, we will see more gain 🚀
before
more gain, we can see brief correction to the downside (close to our Fibonacci levels support zone)
if
the price breaks the support area here to the downside, we will see more correction ❌🧨
Please, feel free to ask your question, write it in the comments below, and I will answer.🐋