Zillow (Z) Critical Area - Important
Today I am reviewing Zillow (Z) on the monthly linear scale chart.
The price has taken a 41.83% drop this month (November 2021) so far and about to re-test the long term parallel channel it was in previously. Furthermore, the price is also re-testing a trendline as shown by the red line.
The RSI (relative strength index) is necessary to pay attention to as it is about to re-test the 40 level which it tested in 2019.
If it breaks below the 40 RSI, we will see the price fall into the parallel channel, and hopefully stay in there without falling further.
What are your opinions on this? I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #zillow
The price has taken a 41.83% drop this month (November 2021) so far and about to re-test the long term parallel channel it was in previously. Furthermore, the price is also re-testing a trendline as shown by the red line.
The RSI (relative strength index) is necessary to pay attention to as it is about to re-test the 40 level which it tested in 2019.
If it breaks below the 40 RSI, we will see the price fall into the parallel channel, and hopefully stay in there without falling further.
What are your opinions on this? I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #zillow
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