Zilliqa on a descending channel...

I see $ZIL on a descending channel since mid 2018. In the last month an ascending channel was formed with big volume (mostly in the last 10 days), this is a good sign for a breakout but still price bouncing from EMA50 (Cyan) as support to EMA100 (green) resistance...

It will need great volume to break above EMA100,and the descending upper trendline.If it does,I expect price to go at least 572sats and as 2 target 670sats where the descending channel started.. this would be a 40% run up (that sounds crazy but for crypto is posible)

set up alerts around 510 and 405 sats and wait. As always if you want to trade this ascending channel, go into smaller timeframes with the UCTS. #ZIL

Dagangan aktif:

Breaking up from the channel!!