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ZILUSD Continues to respect this ascending resistance

As I see it, altcoins often help us to see the movement of bitcoin as well. As ZIL could continue down reaching a new lower local low. Hold your dollars. If you bought the dip and sold this top, well done! As for now, we need to watch patiently. BTC's fakeout may have flipped a lot of people bullish but things are looking rather dicey. Have your money ready in case we see a giant move down. Cheers. Also, if this previous neckline becomes a shoulder line for the top of the right shoulder on a broader scale, we could be seeing a decently big correction for ZIL if BTC decides to move downward.
Chart Patterns

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