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Looking at Ziliqa Next Moves.
Hey, I am back with another Technical analysis, this time taking look at Zilliqa.
I will try to answer simple question, where is Zilliqa headed to next?
Taking look at the chart.
Ziliqa has seen strong run-up, I was in this trade since 1750 as I saw an Ascending Triangle that I had also posted into my discord channel, made solid 35%. Later on there was an descending triangle an rising wedge both bearish patterns. On a chart you can also see that ZIL has broken the downtrend line, there is a clear demand zone and ressitance zone.
Lets look at Indicators.
RSI has broken trough both lines, which is a good indication on positive price movement.
MACD looks good, there were no Volume for a long time, very few sellers, nice impulsive buy signal on most time frames.
Exponential MA shows uptrend.
Okay, yes you may see I am bullish in this TA, but is there some circumstance in which can Ziliqa fall to demand zone, or even lower? Yes, if Bitcoin will see another strong selloff most likely at monday and it may even bounce of the trend line.
So I think thats about it.. If you have any Questions feel free to ask me down bellow or at my discord channel!
Hope I made your view on whats going on with Zilliqa somehow clearer.
If you like this Technical Analysis let me know in the comments, Likes are aprreciated, Thanks !
If this gets a little bit of attention, I will do an update!
I will try to answer simple question, where is Zilliqa headed to next?
Taking look at the chart.
Ziliqa has seen strong run-up, I was in this trade since 1750 as I saw an Ascending Triangle that I had also posted into my discord channel, made solid 35%. Later on there was an descending triangle an rising wedge both bearish patterns. On a chart you can also see that ZIL has broken the downtrend line, there is a clear demand zone and ressitance zone.
Lets look at Indicators.
RSI has broken trough both lines, which is a good indication on positive price movement.
MACD looks good, there were no Volume for a long time, very few sellers, nice impulsive buy signal on most time frames.
Exponential MA shows uptrend.
Okay, yes you may see I am bullish in this TA, but is there some circumstance in which can Ziliqa fall to demand zone, or even lower? Yes, if Bitcoin will see another strong selloff most likely at monday and it may even bounce of the trend line.
So I think thats about it.. If you have any Questions feel free to ask me down bellow or at my discord channel!
Hope I made your view on whats going on with Zilliqa somehow clearer.
If you like this Technical Analysis let me know in the comments, Likes are aprreciated, Thanks !
If this gets a little bit of attention, I will do an update!
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