Zilliqa (ZILUSD) is trading within two Channel Up patterns, supported by both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line). With the 1D RSI breaking above its Lower Highs trend-line, the trend is slightly more bullish now and it is more probable to break above Resistance 1 (0.03675) than pull-back to its bottom. If we close a 1D candle above it,...
We rarely see analyses of Zilliqa (ZILUSD) on the 1W time-frame but with a simple look at the chart we can see the huge Cup and Handle (C&H) pattern that has been formed since the start of the previous Cycle. The Resistance is perfect and since the May 2021 High, the pattern is forming the Handle. The 0.5 Fibonacci level is holding and the price should start...
Ziliqa (ZILUSD) is rebounding after almost hitting the former Lower Highs trend-line, which happens to be just below the 1D MA200 (orange trend-line). The pattern is quite similar to the late February - mid March 2020 COVID market crash. Even in RSI terms, the sequences are fairly identical. As long as the former Lower Highs hold, we are expecting a strong...
Zilliqa (ZILUSD) is on a strong bullish break-out since Saturday, having broken above the Lower Highs trend-line of its May 06 2021 High. At the same time it broke above the 1D MA200 (orange trend-line) as well, which should now act as the long-term Support if the market is to build a sustainable uptrend from now on.
If we exclude the COVID crash of March 2020,...
