Short idea - ZIL/BTC
Updated
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.
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%
🔶 Send DM to get ATS 10 days FREE Trial 🔶
🔷 Or go to: atscrypto.com/
🔶 Join our community!
Telegram: t.me/atscrypto
Discord: discord.gg/BQxHwS8
🔷 Or go to: atscrypto.com/
🔶 Join our community!
Telegram: t.me/atscrypto
Discord: discord.gg/BQxHwS8
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.