TradingShot

ZILUSD Giant Cup & Handle to start the new Bull Cycle

Long
BINANCE:ZILUSD   Zilliqa
We rarely see analyses of Zilliqa (ZILUSD) on the 1W time-frame but with a simple look at the chart we can see the huge Cup and Handle (C&H) pattern that has been formed since the start of the previous Cycle. The Resistance is perfect and since the May 2021 High, the pattern is forming the Handle. The 0.5 Fibonacci level is holding and the price should start forming the Support that will turn the trend sideways into the next bullish break-out that should start the new Bull Cycle. Optimal long-term buying levels here.


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