ZIL/USDT - Momentum Shifts to the upside.
Updated
ZIL has broken out of the decending triangle and is moving its way back upwards to the local resistance levels mapped out on the chart above. These resistance levels should be flipped to support as ZIL resumes trending up. Next target levels I am watching are listed below:
Local resistance levels I am watching:
0.13750
0.14872
0.15821
0.16684
0.17893
0.18324
0.19316
0.19748
0.20136
0.21172
We need to establish a weekly close above $0.13. The higher the weekly close above $0.13, the better.
Once flipping the last local resistance level and holding 0.22 cents with a close above 0.22, should give us the green light for a new ATH, and for Zilliqa to then enter price discovery where I expect we will reach the $0.30 level.
This is NFA, DYOR and Good luck to All!
Local resistance levels I am watching:
0.13750
0.14872
0.15821
0.16684
0.17893
0.18324
0.19316
0.19748
0.20136
0.21172
We need to establish a weekly close above $0.13. The higher the weekly close above $0.13, the better.
Once flipping the last local resistance level and holding 0.22 cents with a close above 0.22, should give us the green light for a new ATH, and for Zilliqa to then enter price discovery where I expect we will reach the $0.30 level.
This is NFA, DYOR and Good luck to All!
Note
BTC has taken a tumble downwards due to some FED fears. What's interesting is that Zilliqa is still showing a lot of resilience and holding it's value well compared to the rest of the market and other top altcoins which are bleeding out.I believe we hang out in this area and goes sideways until we see BTC make a move to the upside.
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