Zil broke the falling trend which is above the strong support zone. It has minor resistance, I showed these resistances in the chart by price tag. Exceeding these resistances will affect the price positively.
Sideways limitation is the key if you want to define break and retest scenario. We can see the price here trying to stay close to the support zone after some long period of time, week or two ago. That is showing us that the bearish pressure is higher. Every time the price comes up, the bears step in and push the price down to the support zone, making it...
The price is creating continuous lower highs and lower lows. The lower highs are connected there at the resist line showing the direction of the price, roughly only about that. Now, the price reached the major low, creating potential support there, but I would like to go within the trend before something else shows me to take action. I am looking for potential...
I plan to BUY some KAVA if it breaks the falling trend.
I will buy once it breaks above 0.005, the target is orange lines.
I tried to show the resistance with orange lines, the chart is drawn on a logarithmic scale. Suitable for the long term.
I think it's going to go up, I bought some. No need to say too much, the chart tells you everything.
The orange zone corresponds to both the demand zone and the 0.618 fib correction.If the price comes to the orange zone I'll look for the entry in the lower timeframe.
If it passes yellow zone, his target would be 0.1...