💵 Coin: GETTEX:ZIL / USDT
⏳ Time Frame: 4D
📉 Pattern: Descending Trendline / Downtrend
🎯 Potential Target: 10%+
🔻 Descending Trendline Structure
📐 The chart shows a Descending Trendline formed from the high around $0.0377, with price continuing to form lower highs over time.
🔴 As long as price remains below the trendline, the overall bearish structure remains dominant.
📍 Price is currently around $0.00283, while the descending trendline continues to act as dynamic resistance.
⚠️ The horizontal levels shown on the chart are important areas to monitor to determine whether ZIL can initiate a reversal or continue its downtrend.
🟢 Bullish Scenario
🚀 The bullish scenario becomes more interesting if ZIL successfully breaks out and closes strongly above the Descending Trendline.
📈 A breakout above the trendline could indicate that selling pressure is weakening and that price may begin transitioning into a potential reversal phase.
🎯 Key resistance / target levels to watch:
🟡 $0.00328
🟡 $0.00370
🟡 $0.00434
🟡 $0.00575
🟡 $0.00800
🔥 If price manages to reclaim these resistance levels one by one, bullish momentum could become increasingly stronger.
🔴 Bearish Scenario
⚠️ If ZIL fails to break above the Descending Trendline and experiences another rejection, the bearish structure could remain intact.
📉 Rejection from the trendline could push price back toward nearby support and potentially lead to the formation of a new lower low.
🔻 The area around $0.00283 is an important level to monitor, while the historical low shown on the chart is around $0.002186.
💥 If this major support is broken with strong selling pressure, the risk of further downside could increase.
🧠 Conclusion
📌 ZIL remains within a Descending Trendline structure on the 4D timeframe.
🔴 Bearish: Price remains below the trendline → rejection → support is tested again.
🟢 Bullish: Breakout + close above the trendline → horizontal resistance levels begin to be reclaimed → the potential for a reversal becomes more evident.
👀 Key levels to monitor:
$0.00328 → $0.00370 → $0.00434 → $0.00575 → $0.00800
⚠️ A breakout should ideally be confirmed by a candle close and volume, rather than relying solely on a wick breaking through the trendline.
#ZIL #Zilliqa #ZILUSDT #Crypto
Sep 16, 2026 · byTradingView Ideas