Hi dear friends, hope you are well and welcome to the new update on Zilliqa (ZIL).
Accumulation at strong support:
The priceline of Zilliqa is accumulating at a strong support of $0.074. This level has been working previously as support and resistance for Zil as well.
Daily channel:
On a daily time frame Zilliqa has broken out a down channel after a long time period.
Small triangle:
After breaking out on a daily time frame, Zil has formed a descending triangle which is more visible on a 4-hr time frame. There is a strong probability that the price action will break out the resistance of this triangle and continue the move towards the upside.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Accumulation at strong support:
The priceline of Zilliqa is accumulating at a strong support of $0.074. This level has been working previously as support and resistance for Zil as well.
Daily channel:
On a daily time frame Zilliqa has broken out a down channel after a long time period.
Small triangle:
After breaking out on a daily time frame, Zil has formed a descending triangle which is more visible on a 4-hr time frame. There is a strong probability that the price action will break out the resistance of this triangle and continue the move towards the upside.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
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.