Zilliqa Price Analysis: ZILUSD Trading Below Trendline, More Downward Action Expected For ZIL
Zilliqa Price is trading below the important trend line which where support levels to hold the trend up. Now it is trading below them that is meaning that the trend is now bearish. The next times there can come a consolidation before going ahead and going more downside. When ZILUSD falls below the 55-EMA this will be a bearish sign.
Zilliqa Price Analysis: 1 Day Chart
The RSI is consolidating in the middle line this means it can continue to the oversold region. The MACD made a bearish cross which is certainly highly bearish. Overall the trend goes to the downside so it is possible to see more of it the next time.
- TREND: Down
- EXPECTATION: More downside
- BECAUSE: Trendline broken
- PREV: 0.01807300
- OPEN: 0.01966000
- VOLUME: 320.889K
- DAY’S RANGE: 0.01736400 — 0.02189300
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The views, opinions, positions or strategies expressed by the authors and those providing comments are theirs alone, and do not necessarily reflect the views, opinions, positions or strategies of CoinGape. Do your market research before investing in cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.
Vince is an experienced trader, investor and financial analyst within the markets in which he concentrates on the cryptocurrencies and decent opportunities within them to trade in a professional oriented manner. You can follow him at trading view market insight at: https://www.tradingview.com/u/VincePrince/
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Published at Sat, 20 Jun 2020 22:47:58 +0000
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