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Zilusdt

ZIL/USDT - Upcoming Reversal ZIL has pulled back and is in a sharp descending triangle. I would wait to see the breakout of the the top of the triangle resistance and confirm the retest the top line as support before putting in a long position. This is not Financial Advice. This is simply an idea of chart patten recognition I will be using to compare in the future. Do your own research and practice proper risk management. Good luck to all. More information of descending triangles: www.investopedia.com
Long
by thecryptoapex
3
ZILLIQA what is next 💡Based on the chart after long time, we can see appropriate amount of volume for the price and sharp candlesticks ✔️ if this volume continues, and the price stays above the support area, we will see more gain 🚀 before more gain, we can see brief correction to the downside (close to our Fibonacci levels support zone) if the price breaks the support area here to the downside, we will see more correction ❌🧨 Please, feel free to ask your question, write it in the comments below, and I will answer.🐋
by MadWhale
5
ZIL/USDT - Cup and Handle on the hourlyIs a Cup and Handle Pattern Bullish? As a general rule, cup and handle patterns are bullish price formations. The founder of the term, William O’Neil, identified four primary stages of this technical trading pattern. First, approximately one to three months before the “cup” pattern begins, a security will reach a new high in an uptrend. Second, the security will retrace, dropping no more than 50% of the previous high creating a rounding bottom. Third, the security will rebound to its previous high, but subsequently decline, forming the “handle” part of the formation. Finally, the security breaks out again, surpassing its highs that are equal to the depth of the cup’s low point. Source: www.investopedia.com
Long
by thecryptoapex
19
ZIL/USDT - Cup & Handle formed on the hourly chart. Is a Cup and Handle Pattern Bullish? As a general rule, cup and handle patterns are bullish price formations. The founder of the term, William O’Neil, identified four primary stages of this technical trading pattern. First, approximately one to three months before the “cup” pattern begins, a security will reach a new high in an uptrend. Second, the security will retrace, dropping no more than 50% of the previous high creating a rounding bottom. Third, the security will rebound to its previous high, but subsequently decline, forming the “handle” part of the formation. Finally, the security breaks out again, surpassing its highs that are equal to the depth of the cup’s low point. Source: www.investopedia.com I think we will see the bounce upwards in the coming hours ahead.
Long
by thecryptoapex
3
ZILLIQA old star, time to shine 🌟🚀⭐Based on the chart after long time, we can see appropriate amount of volume for the price and sharp candlesticks ✔️ if this volume continues, and the price stays above the support area, we will see more gain 🚀 before more gain, we can see brief correction to the downside (close to our Fibonacci levels support zone) after a long time of correction to the downside, we can see more gain for zilusdt 🚀 our next targets and vital resistance area are located on the chart ✔️ if the price breaks the resistance area, here we will see more gain and new targets 🚀 Please, feel free to ask your question, write it in the comments below, and I will answer.🐋
Long
by MadWhale
10