Technical analysis by shamanica about Symbol ZIL: Buy recommendation (11/28/2024)

The digital currency ZIL is poised to initiate an upward trend soon. Based on the weekly chart, the price is expected to first reach the range of $0.035 to $0.044 and test its long-term descending trendline. Typically, I do not anticipate a breakout of the trendline on the first attempt; therefore, after ascending to the aforementioned levels, a price correction toward the $0.025 area is likely. Following the necessary consolidation period, sharp bullish movements can be anticipated. This is merely a personal perspective and should not be construed as a recommendation for trading positions. Please remember to show your support. I will respond to comments.