ZILUSDT Range High| VAH| .618 Fibonacci| Trend
Evening Traders,
Today’s analysis – ZILUSDT- trading above its range high with the probability of continuing the trend,
Points to consider,.
- Price Action Corrective
- Daily S/R Resistance
- VAH Support
- .618 Fibonacci Support
ZILUSDT’s immediate price action is corrective and is trading at a key trade location – the range high support -that high technical confluence with the VAH and the .618 Fibonacci, allowing for a bullish bias.
The immediate objective is the Daily S/R Resistance, exceeding this level will lead to a trend continuation.
Overall, ZILUSDT is a valid long with defined risk; price action is to be used upon discretion/ management.
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
Today’s analysis – ZILUSDT- trading above its range high with the probability of continuing the trend,
Points to consider,.
- Price Action Corrective
- Daily S/R Resistance
- VAH Support
- .618 Fibonacci Support
ZILUSDT’s immediate price action is corrective and is trading at a key trade location – the range high support -that high technical confluence with the VAH and the .618 Fibonacci, allowing for a bullish bias.
The immediate objective is the Daily S/R Resistance, exceeding this level will lead to a trend continuation.
Overall, ZILUSDT is a valid long with defined risk; price action is to be used upon discretion/ management.
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