Hello Traders!
ZIL continues to move within the descending channel.
The price is near the support level of $0.0330. Based on the nature of the price development, we can assume the exit of the price to the center of the channel - resistance level of $0.0580 with the purpose of collecting liquidity, after which the downward movement will continue.
Completion of such movement will be the price exit into the range of $0.0150-$0.0210 after the breakdown of the support level of $0.0330.
It's possible to look for medium-term purchases near the support level of $0.0150 in the price range of $0.0150 - $0.0210.
The targets will be the price levels of $0.0580 and $0.0845
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
ZIL continues to move within the descending channel.
The price is near the support level of $0.0330. Based on the nature of the price development, we can assume the exit of the price to the center of the channel - resistance level of $0.0580 with the purpose of collecting liquidity, after which the downward movement will continue.
Completion of such movement will be the price exit into the range of $0.0150-$0.0210 after the breakdown of the support level of $0.0330.
It's possible to look for medium-term purchases near the support level of $0.0150 in the price range of $0.0150 - $0.0210.
The targets will be the price levels of $0.0580 and $0.0845
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice