Zilliqa / TetherUS
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#ZIL/USDT Descending channel ?

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#ZIL

The price is moving in a descending channel on the 1-hour timeframe. It has reached the lower boundary and is heading towards breaking above it, with a retest of the upper boundary expected.

We have a downtrend on the RSI indicator, which has reached near the lower boundary, and an upward rebound is expected.

There is a key support zone in green at 0.00470. The price has bounced from this zone multiple times and is expected to bounce again.

We have a trend towards consolidation above the 100-period moving average, as we are moving close to it, which supports the upward movement.

Entry price: 0.00486
First target: 0.00494
Second target: 0.00504
Third target: 0.00515

Stop loss: Below the support zone in green.

Don't forget a simple thing: capital management.

For inquiries, please leave a comment.

Thank you.
עסקה סגורה: היעד הושג
תמונת-בזק
#ZIL
First target: 0.00494 Reached
Second target: 0.00504 Reached
Third target: 0.00515 Reached

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