I.T.Analytics

Short idea - ZIL/BTC

Short
BINANCE:ZILBTC   Zilliqa / Bitcoin
It seems to be a good selling opportunity on ZIL / BTC.
This pair has been moving in a downward channel for more than three months.
The price is close to the upper channel's frontier, plus there is a clear horizontal resistance.
The downward trend reserve is about 20 per cent, to the middle of the descending channel.
Good risk/reward ratio.
You should wait for ATS confirmation at least on the four-hour timeframe to enter a trade.
Trade active:
goes according to the forecast, has already gone down by 8%

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