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

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

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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.

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  • 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

Source: coingape.com

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