Falling Wedge breakout
If we have the confirmation of this falling wedge breakout, a push toward the resistance zones at $0.023–$0.025 is likely to occur.
In my opinion, if the bulls will not support this move, we can see a retest of the 0.014$ - 0.016$ areas.
In my opinion, if the bulls will not support this move, we can see a retest of the 0.014$ - 0.016$ areas.
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Looks like this bullish pennant has formed here. My opinion is that this happened because of that big resistance at 0.0183$ area.I was hoping for a more powerful ascension towards leg 3 of the EW, but I'm guessing a little sideways movement won't scare the bulls away :)
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Note
I don't know why, but I'm still bullish with ZILUSDT...Can this be considered a triangle continuation pattern ?
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Note
..... only if it breaks the MA 55 resistance....Trade closed manually
Decided to close it at Breakeven just to be safe :)
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