Zilliqa price broke out of an inverse head and shoulders pattern on the weekly chart. The digital asset seems to be poised for a short-term correction before resuming uptrend. In November 2020, Zilliqa saw a massive breakout from an inverse head and shoulders pattern on the weekly chart touching $0.036 and seeing a ton of continuation within the next month, to reach a high of $0.106 on December 21, 2020. Zilliqa price has to climb above $0.08 to rise towards $0.36 After what seems to be a breakout above the neckline of an inverse head and shoulders pattern on the weekly chart, Zilliqa bulls targetted $0.36 in the long-term, however, they have encountered some short-term resistance at $0.106. ZIL/USD weekly chart After a breakout of this type of pattern, the price of an asset usually comes back down to re-test the previous resistance level which should act as a support, in this case, the $0.028 level. ZIL sell signals The TD Sequential indicator has presented a sell signal on the weekly chart and the monthly chart which adds a lot of credence to the bearish outlook. The bearish price target would be $0.028 which is the neckline of the head and shoulders pattern. According to popular cryptocurrency and stock trader, Michale van de Poppe, Zilliqa price was bound for a correction and will now trade inside a tight range before another breakout above the previous high. Van Poppe states Zilliqa remains bullish in the long-term. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Canada’s Trudeau: Will buy 20 million additional doses of Pfizer’s COVID-19 vaccine FX Street 2 years Zilliqa price broke out of an inverse head and shoulders pattern on the weekly chart. The digital asset seems to be poised for a short-term correction before resuming uptrend. In November 2020, Zilliqa saw a massive breakout from an inverse head and shoulders pattern on the weekly chart touching $0.036 and seeing a ton of continuation within the next month, to reach a high of $0.106 on December 21, 2020. Zilliqa price has to climb above $0.08 to rise towards $0.36 After what seems to be a breakout above the neckline of an inverse head and shoulders pattern on the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.