ZIL Technical Analysis: Correction Before A New Impulse

500% increase in ZIL price in two weeks!Investors who are in the cryptocurrency market since 2017 with such interest rates will not be surprised. However, if you take into account that the whole market was standing still and Bitcoin was falling – this is a phenomenal result. ZIL cryptocurrency has not yet had such trading volumes. However, there have been no global changes in the weekly ZIL cryptocurrency timeframe. From April 2021, the ZIL price is in the correction channel. After the weekly candle of 21 February, this correction channel was finally formed. https://www.tradingview.com/x/NuZqjLGg/ The ZIL cryptocurrency shot to $0.231 confirming the upper limits of the correction channel and removing all doubts about the continuation of the correction. High volumes of buyers failed to start a new growth wave. This means that there is still a large number of sellers on the ZIL market that need to continue to be bought out within the correction. The first critical point for buyers to be able to resume their counterattacks is the $0.07 mark. At this point, the ZIL price is constantly slowing down, which leads to the formation of the liquidity range. In addition, the middle line of the correction channel passes near this mark. Given the fact that emotions in the ZIL market have not yet subsided (note the trading volumes), the probability of a volatile rebound from $0.07 to $0.14 is quite high. However, we will expect the fall wave...