Zilliqa Price Analysis: ZILUSD Trading Below Trendline, More Downward Action Expected For ZIL

Vince Prince Altcoin News published June 21, 2020 | modified June 21, 2020

Zilliqa Price Analysis
Zilliqa Price Analysis

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

Zilliqa Price Analysis
Zilliqa Price Analysis

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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