Zilliqa [ZIL]Price Analysis: Zilliqa Still Following Steady Uptrend, Trading In A Triangle Above Support

By Sunil Sharma
Published June 14, 2020 Updated June 14, 2020
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Zilliqa Price Analysis
Zilliqa Price Analysis

Zilliqa [ZIL]Price Analysis: Zilliqa Still Following Steady Uptrend, Trading In A Triangle Above Support

By Sunil Sharma
Published June 14, 2020 Updated June 14, 2020

Zilliqa is trading in a steady growing uptrend with its uptrend line established and already holding. For now it is consolidating int a symmetrical triangle which is more bullish than bearish

Zilliqa Coin: 4Hr Chart Analysis

Zilliqa Price Analysis
Zilliqa Price Analysis

Zilliqa is still trading above the 55 and 20-EMAs and has some good support at the uptrend-line. The next will be that the triangle confirms and there are somme interesting targets at the upside.

For now it is more possible that the triangle confirms bullish as bearish because there is strong support all over the place but in case it confirms bearish this will be confirmed with a clear and decisive break of the uptrend-line down.

The RSI is sending some moderate signs which can definitely change to the upside because that comes often after the RSI consolidates in the middle.

  • TREND: Sideway
  • EXPECTATION: Breakout
  • TREND AFTER EXPECTATION: More likely upside
  • MARKET OPEN (JUN 13 16:49 UTC )
  • PREV: 0.02599900
  • OPEN: 0.02599900
  • VOLUME: 332.888K
  • DAY’S RANGE: 0.02280000 — 0.02673000

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Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author
Sunil Sharma
227 Articles
Sunil is a serial entrepreneur and has been working in blockchain and cryptocurrency space for 2 years now. Previously he co-founded Govt. of India supported startup InThinks and is currently Chief Editor at Coingape and CEO at SquadX, a fintech startup. He has published more than 100 articles on cryptocurrency and blockchain and has assisted a number of ICO's in their success. He has co-designed blockchain development industrial training and has hosted many interviews in past. Follow him on Twitter at @sharmasunil8114 and reach out to him at sunil (at) coingape.com

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