NOT FINANCIAL ADVICE.
On the hourly chart, we can clearly see that sell pressure is relentless.
The MACD is showing that even though selling pressure decelerated, it is again picking up acceleration to the downside. Bearish outlook.
The RSI reversed upwards slightly as it almost slipped into 'safe' territory, but is showing momentum back towards sell pressure. Bearish outlook.
$ZIL Bulls will need to prevent price action from going under $0.15 and retain investor confidence at this level, or else we could be seeing a further 25% dip towards $0.11 support levels. Netural.
On the hourly chart, we can clearly see that sell pressure is relentless.
The MACD is showing that even though selling pressure decelerated, it is again picking up acceleration to the downside. Bearish outlook.
The RSI reversed upwards slightly as it almost slipped into 'safe' territory, but is showing momentum back towards sell pressure. Bearish outlook.
$ZIL Bulls will need to prevent price action from going under $0.15 and retain investor confidence at this level, or else we could be seeing a further 25% dip towards $0.11 support levels. Netural.