Feb 2021's ATH were broken, albeit briefly, hours ago, and we now see just how strong the resistance is at the Bear's camp towards the $0.16 region.
It seems that we are now in a Corrective Wave ABC (Flat 3-3-5).
Depending on the kind of price action confirmations we get in the next few days,
ZIL could see 2 types of results from here:
Result 1
Bears win, and price is pegged back down. Bulls lose momentum and price dips towards a Corrective Wave C. TP: $0.081.
Result 2
Bulls reign supreme, and price surge upwards towards new ATH. If they break 1.38 fib levels, it means that we are on the next leg up (and no longer in a correction)!
ForZIL's sake, let's hope the Bulls have been awakened here.
It seems that we are now in a Corrective Wave ABC (Flat 3-3-5).
Depending on the kind of price action confirmations we get in the next few days,
ZIL could see 2 types of results from here:Result 1
Bears win, and price is pegged back down. Bulls lose momentum and price dips towards a Corrective Wave C. TP: $0.081.
Result 2
Bulls reign supreme, and price surge upwards towards new ATH. If they break 1.38 fib levels, it means that we are on the next leg up (and no longer in a correction)!
For
ZIL's sake, let's hope the Bulls have been awakened here.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.