ZILUSDT Range High| VAH| .618 Fibonacci| Trend Evening Traders,
Today’s analysis – ZILUSDT- trading above its range high with the probability of continuing the trend,
Points to consider,.
- Price Action Corrective
- Daily S/R Resistance
- VAH Support
- .618 Fibonacci Support
ZILUSDT’s immediate price action is corrective and is trading at a key trade location – the range high support -that high technical confluence with the VAH and the .618 Fibonacci, allowing for a bullish bias.
The immediate objective is the Daily S/R Resistance, exceeding this level will lead to a trend continuation.
Overall, ZILUSDT is a valid long with defined risk; price action is to be used upon discretion/ management.
Hope this analysis helps
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