Hi friends, hope you are well, and welcome to the new update on Zilliqa (ZIL).

Broke out the channel:
After a powerful rally on 31st Oct Zilliqa was caught in a down channel on a daily time frame.
After testing key support of $0.052, the priceline of Zil bounced and broke out the resistance of the channel. At the moment it is struggling to breakout $0.075 resistance.

Big descending triangle:
On the weekly time frame, priceline of Zil is getting bounced by the support of a big descending triangle . Breaking out the channel on the daily time frame at the support of this big triangle is signaling that the price action of Zilliqa can make another attempt to break out this big triangle.

on a weekly time frame chart, ZIL has formed bullish Garltey move.

https://www.tradingview.com/chart/ZILUSDT/lGXjYICO-Zilliqa-formed-big-Gartley-for-upto-140-5-rally/ 

In order to trade this Gartley move the targets can be as below:

Buy and sell targets:

Buy between: $0.0690 to $0.0507

Sell between: $0.0948 to $0.1221

Stop loss:
Below $0.0507

Possible profit and loss ratio:
As per the above targets, this trade has a huge profit possibility of up to 140.5% , and loss possibility is 27%. But right now the priceline is at the very end of buying zone, therefore it can be a high reward and low-risk trade plan.

Don't forget to upvote/tip and share the post, thanks

You can also support my work at Patreon for more ideas:

https://www.patreon.com/moon333

In order to play and watch the current performance of the chart you need at least a free account on tradingview:

https://www.tradingview.com/gopro/?share_your_love=moon333

KuCoin is one of the best exchange to find crypto gems:

https://www.kucoin.com/ucenter/signup?rcode=rJSDVT3

Link for Binance exchange, to trade crypto:

https://www.binance.com/?ref=11256882 

Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.