Zilusdtlong
ZIL Final Dip Before $0.05 & BeyondMy Fellow Crypto Traders,
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ANALYSIS:
ZIL appears to have formed a channel that has been well respected since late Nov. As the RSI reflects ZIL is extremely overbought, which we could get a slight pull-back to the 50EMA, and find some support. Therefore, a 50EMA bounce would coincide with the 382 fib level, which has been a relatively strong resistance level. Would definitely keep my eye on a re-test of the 382, and if it holds as support, could be a great entry point.
ZILUSDTThe market has been printing a descending channel since mid May. Price action is approaching the channel resistance. We could see a breakout above the channel resistance as bullish ↗️. While a bounce off the major channel resistance and breakout below the current minor uptrend support as bearish ↘️
Zil/btc break of downtrend channel and hold supportZil/btc
After break of downtrend channel zil/btc on good support now
If it can hold support at 167 sats few days or maybe hours (lol)
High chance we can view big move in short term toward :
TP 1 = 198 sat
TP 2 = 220 sat
TP 3 = 245 sat
Stop loss daily close below 162
ZILLIQA READY FOR A MOVE HIGHERZilUsdt at 200moving average + trendline +
bearish momentum running out is ready for a push higher beyond my humble knowledge
Target of the trade at 0.25$
Entry below 0.21$
Stop loss at 0.1775$
Hope you like my idea! This is my first one, I will keep posting ideas if I feel feedback from you