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Hi dear friends, hope you are well and welcome to the new trade setup of Zilliqa (ZIL).
Formation of huge descending triangle:
On the weekly time frame, priceline of Zilliqa has found a very strong long-term support at $0.0526. There is also a down trend line resistance above the price action and these support and resistance levels has formed a huge descending triangle .
Huge harmonic move:
On the same weekly time frame the prcie action of Zil has also formed a harmonic bullish reversal Gartley pattern .
Buy and sell targets for harmonic Gartley:
Buy between: $0.0690 to $0.0507
Sell between: $0.0948 to $0.1221
Stop loss:
Below $0.0507
Possible profit and loss ratio:
As per the above targets, this trade has a huge profit possibility of up to 140.5%, and the loss possibility is 27%. But right now the priceline is at the very end of buying zone, therefore it can be a high reward and low-risk trade plan.
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You can also support my work at Patreon for more ideas:
https://www.patreon.com/moon333
In order to play and watch the current performance of the chart you need at least a free account on tradingview:
https://www.tradingview.com/gopro/?share_your_love=moon333
KuCoin is one of the best exchange to find crypto gems:
https://www.kucoin.com/ucenter/signup?rcode=rJSDVT3
Link for Binance exchange, to trade crypto:
https://www.binance.com/?ref=11256882
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
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