ZIL/USDT 16/02/21

There's a possible descending resistance and if so, could form a descending triangle with 0.12 as support. Wicks of the recent sell off and respected support area also bounced off 200 EMA. Current sell off could touch the 0.12 support area but I doubt it'll break it. If price breaks the descending resistance we could possibly see a new all time high. If it does manage to break below the 0.12 area and 200 EMA area, there is a chance it can go to 0.07 which is VERY strong support. Macd looks mostly bullish however is starting to curl with the recent sell off. 0.185 is possible if a few candles close above ATH.

Long term bullish on ZIL

Support levels:
0.120

0.077 (strong)

Resistance levels:
0.158 area

1.618 fib or 0.186

(this is just me logging my TA to see how often I am right vs wrong, do not take this seriously)