ZIL has been trading below the top resistance for around 18 months. The 0.0155 support held strong all this time. A break out on either side was expected after the support and resistance converged.
If we can close the week above 0.018, I'm treating it as a successful break out of the triangle pattern. In my view this could be the definite low of this token with much more upside ahead.
It's a risky long-term bet with a very good R/R ratio of 52, which can be a massive boost for the trading balance if it plays out.
As always, patience is key.
If we can close the week above 0.018, I'm treating it as a successful break out of the triangle pattern. In my view this could be the definite low of this token with much more upside ahead.
It's a risky long-term bet with a very good R/R ratio of 52, which can be a massive boost for the trading balance if it plays out.
As always, patience is key.
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🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
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.