There's been a big wick on $zig clearing the upper side of the order book.
The path of less resistance at this moment points toward 0.0745 area.
Breaking the current trend would probably send ZIG price around the 0.035 area.
Not a fundamental guy usually, but ZIG just got some big investment (50 mil) and that might bring some attention to the coin.
Leaving fundamental on the side, just that big wick could convince me that bringing the price up will be easier than bringing it down. Also, volume has been higher than usual lately which is a good sign.
This is not financial advice, I do not trade using S&R. I am an algo trader and I like to have some fun charting.
The path of less resistance at this moment points toward 0.0745 area.
Breaking the current trend would probably send ZIG price around the 0.035 area.
Not a fundamental guy usually, but ZIG just got some big investment (50 mil) and that might bring some attention to the coin.
Leaving fundamental on the side, just that big wick could convince me that bringing the price up will be easier than bringing it down. Also, volume has been higher than usual lately which is a good sign.
This is not financial advice, I do not trade using S&R. I am an algo trader and I like to have some fun charting.
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