The recent uptrend in 
ZIL over the last few weeks does not appear convincing.
Chart Observations:
- No reversal patterns observed on the daily chart.
- Absence of RSI divergence, indicating a lack of momentum change.
- No new higher highs or higher lows to confirm a stable uptrend.
This analysis suggests that the downtrend for ZIL is not yet complete. My primary count is detailed on the chart, indicating potential further declines.
This outlook will be invalidated if ZIL breaks above the pink line at 0.01827 before making new lows.
ZIL over the last few weeks does not appear convincing.Chart Observations:
- No reversal patterns observed on the daily chart.
- Absence of RSI divergence, indicating a lack of momentum change.
- No new higher highs or higher lows to confirm a stable uptrend.
This analysis suggests that the downtrend for ZIL is not yet complete. My primary count is detailed on the chart, indicating potential further declines.
This outlook will be invalidated if ZIL breaks above the pink line at 0.01827 before making new lows.
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📈 Experienced Crypto trader
👍 Simple, actionable content
🌊 Elliott Wave junkie
🧠 Trading psychology hacks
🎖️ Premium VIP Discord Server ($4.99/mth for a limited time - check link below)
linktr.ee/stoic.trader
👍 Simple, actionable content
🌊 Elliott Wave junkie
🧠 Trading psychology hacks
🎖️ Premium VIP Discord Server ($4.99/mth for a limited time - check link below)
linktr.ee/stoic.trader
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.