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DrogonAzul
Jul 28, 2020 2:48 PM

ZIL testing the bottom or is this a Bear Trap? Long

Zilliqa / TetherUS PERPETUAL CONTRACTBinance

Description

If you like the chart/analysis please hit the like and subscribe as I am getting serous about sharing my thoughts.

This is not investment advise, just sharing my thoughts and looking for my posts to be a landing place for thoughtful conversation on crypto.

The RSI is hovering around 40, this is a bullish sign.

The MACD and signal line are close to crossing in an upward trajectory. This is a bullish sign.

Volume over the past several candles alternate from red to green indicating the bottom is being tested repeatedly.

The yellow support line has several tests, I believe it is solid.

I am long, how about you? What do you see in ZIL's future?
Comments
Cryptolove434
Just longed and exited 5% quick!
Now I noticed your post!.
Will keep 👁️
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