ZIL is ready to explode ,check this idea before sell your ZILs🤯
Hello traders 🐺 .
Before talk about the ZIL , I want to mention that this is a very specific idea about the ZIL and if you are a ZIL holder make sure to read this idea carefully and share this idea among your friends who are actually currently holding ZIL or decided to buy some cheap coin 🚀 .
first I will start with the ZIL/USDT and then I want to look at the ZIL/BTC because ZIL/BTC also have interesting chart and I think it's worthy to specify one part of this idea for it :
In the chart above we can see that , we have a very clear falling wedge pattern and as you know the wedges pattern usually show us that people are feel boring about the current trend and this is reason why that we can also see a bullish divergence in the RSI value , also if you look more closer to the chart you can defiantly see that the price is now breaking out from the wedge pattern with considerable amount of the volume so we can say that this is a legitimate break out .
Also if you look at the chart you can see that ZIL created a small W pattern and in my opinion the first target is near to weekly resistance structure (red box) and after testing that resistance level we will see a rejection from that level so make sure to take some profit around the weekly structure .
But as you might know the technical target of the falling wedge pattern is the top of the wedge . now it's time to look at the smaller time frame :
in the 4H chart we can see that the price is now testing the previous resistance as a new support , so we can say that here we have volume supported break out and also have a retest of the break out level .
If you draw Fibonacci level you will see that the technical target of the W pattern is in alignment with the weekly resistance structure (red box) so it's make sense for us to take profit around that level .
But now let me to show you the ZIL/BTC chart :
About the ZIL/BTC I don't want to get into the details but I just want to show you that we have the same pattern in the ZIL/BTC chart and also price is already testing the weekly strong support structure , so in my opinion there is good chance for the ZIL to pump from the current level .
Thank you guys for reading my idea , also don't forget to like my ideas and follow me for more support🙏.
Before talk about the ZIL , I want to mention that this is a very specific idea about the ZIL and if you are a ZIL holder make sure to read this idea carefully and share this idea among your friends who are actually currently holding ZIL or decided to buy some cheap coin 🚀 .
first I will start with the ZIL/USDT and then I want to look at the ZIL/BTC because ZIL/BTC also have interesting chart and I think it's worthy to specify one part of this idea for it :
In the chart above we can see that , we have a very clear falling wedge pattern and as you know the wedges pattern usually show us that people are feel boring about the current trend and this is reason why that we can also see a bullish divergence in the RSI value , also if you look more closer to the chart you can defiantly see that the price is now breaking out from the wedge pattern with considerable amount of the volume so we can say that this is a legitimate break out .
Also if you look at the chart you can see that ZIL created a small W pattern and in my opinion the first target is near to weekly resistance structure (red box) and after testing that resistance level we will see a rejection from that level so make sure to take some profit around the weekly structure .
But as you might know the technical target of the falling wedge pattern is the top of the wedge . now it's time to look at the smaller time frame :
in the 4H chart we can see that the price is now testing the previous resistance as a new support , so we can say that here we have volume supported break out and also have a retest of the break out level .
If you draw Fibonacci level you will see that the technical target of the W pattern is in alignment with the weekly resistance structure (red box) so it's make sense for us to take profit around that level .
But now let me to show you the ZIL/BTC chart :
About the ZIL/BTC I don't want to get into the details but I just want to show you that we have the same pattern in the ZIL/BTC chart and also price is already testing the weekly strong support structure , so in my opinion there is good chance for the ZIL to pump from the current level .
Thank you guys for reading my idea , also don't forget to like my ideas and follow me for more support🙏.
thank you guys for followed my idea🙏🐺 .