A Bull's Wet Dream Setup
Context:
Red: Resistance
Green: Support
Gray: 50 SMA
Yellow: 20 MMA
Blue: 50 MMA
After a 300% increase in price, caused by their recent merger PR and anticipated April 2nd Metropolis event (meta) Zil settles at 10 cents, give or take 10% fluctuation.
All recent areas of breakout have been confirmed signifying healthy movement.
The current pattern visible is the infamous stair step pattern, whereby each leg up is followed by consolidation sideways before the next break above.
Ultimately, looking for Zil to tap 20-30 cents within the next seven day cycle given all the above.
Red: Resistance
Green: Support
Gray: 50 SMA
Yellow: 20 MMA
Blue: 50 MMA
After a 300% increase in price, caused by their recent merger PR and anticipated April 2nd Metropolis event (meta) Zil settles at 10 cents, give or take 10% fluctuation.
All recent areas of breakout have been confirmed signifying healthy movement.
The current pattern visible is the infamous stair step pattern, whereby each leg up is followed by consolidation sideways before the next break above.
Ultimately, looking for Zil to tap 20-30 cents within the next seven day cycle given all the above.
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