IF YOU ARE BULLISH:
- Expect bounce of support at $0.017 to go on an impulse (minor) wave 3 climb.
- ZIL to reach between $0.021 to $0.0232 in the short term
IF YOU ARE BEARISH:
- Expect to break support level and go lower than $0.017 as ZIL continues a protracted countertrending (intermediate) wave 2
- aka an extended corrective (minor) wave C
Takeaways:
- not sure if it's good to go LONG or SHORT until further confirmations
- sit tight and let the bears or bulls give you further clarity
- Expect bounce of support at $0.017 to go on an impulse (minor) wave 3 climb.
- ZIL to reach between $0.021 to $0.0232 in the short term
IF YOU ARE BEARISH:
- Expect to break support level and go lower than $0.017 as ZIL continues a protracted countertrending (intermediate) wave 2
- aka an extended corrective (minor) wave C
Takeaways:
- not sure if it's good to go LONG or SHORT until further confirmations
- sit tight and let the bears or bulls give you further clarity
Note
ZIL matched stock markets and dipped below the support ($0.0170). We now get confirmation that we are still in counter-trending Intermediate Cycle Wave ((2)) or Minor Cycle Corrective Wave C.
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.
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.