Breaking ZIL down - Channel Trend, Fib Retracements and Sup/Res
Updated
Breaking ZIL down a little more since my previous post (See linked). Currently looking fairly good for a full break through of the .382 fib and the downtrend channel - the 1hr shows an increase in volume over the past few hours and price has broken above the 20 EMA and on the 4hr price is just bouncing nicely off the 200 EMA. If this happens I anticipate that we will see some resistance at $0.85/$0.9 so I am waiting for confirmation of uptrend on a succesfull solid daily close above the this level. Let's wait and see what happens over the course of the day.
As always DYOR, I am not a financial advisor and none of this is financial advice. Just a normal guy documenting his way through the Cryptosphere
As always DYOR, I am not a financial advisor and none of this is financial advice. Just a normal guy documenting his way through the Cryptosphere
Note
*****TYPO ALERT****"If this happens I anticipate that we will see some resistance at $.85/$.90" prices mistyped.
The prices should read $0.085 and $0.09 respectively.
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