ZIL/USD- Broke from Downtrend- Retest or Straight pump?
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Zil broke from it's downtrend last night as the retrace met support. Slight retrace from resistance after that 10% push as traders protect gains but well supported.
I'm still bullish here - an early position has given me comfort room before this entry has me breathing into a paper bag. 2 support levels coming up to meet retracement could also help push this higher I'd like to see a further 6% before next resistance and reassessment. Should be a good weekend for ZIL
Apologies on the previous chart - (Poorly drawn support line so levels we're slightly skewed)
As always, not financial advice, just my thoughts and TA Bingaz
And.. just noticed as I write this we are breaking to the good. (- targets indicated but retest still plausible) Hope everyone has a profitable weekend.