ZILUSDT| Wave One| Weekly S/R| Daily S/R| Price Action| Trend

22 thg 1, 2023

Evening Traders,

Today’s analysis – ZILUSDT- trading at and area of resistance where a rejection is plausible,

Points to consider,
- Price action corrective
- Weekly S/R Resistance
- Daily S/R Support
- Impulsive Wave

ZIULUSDT’s immediate price action is trading at a resistance point that is in technical confluence with the POC, Weekly S/R, Int Daily S/R and the .618 Fibonacci, allowing for a potential correction.

The immediate support will be the Daily S/R region, price respecting this rea will allow for completion of Wave Two.

Overall, ZILUSDT is a valid long on the pull back, this will allow for a defined entries, invalidation is multiple candle closes below the Daily S/R Support.

Hope this analysis helps,

Thank you for following my work,

And remember,

“It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you‘re wrong.” -George Soros