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Price Analysis

Daily Price Analysis for Zilliqa (ZIL) – September 24, 2018

Daily price analysis for Zilliqa (ZIL) - September 19, 2018

Resistance levels: $0.037, $0.038, $0.041
Support levels: $0.032, $0.029, $0.021

ZIL/USD Medium-term Trend: Bullish

The coin broke the upper resistance level of $0.037 with the formation of strong bullish candlesand the price moved upside above the resistance level of $0.037. It was exposed to the upperresistance level of $0.038 yesterday. The bullish movement of the price was rejected shortly after the price broke out from the resistance level of $0.037 by the sellers; this was confirmed by the formation of a strong bearish candle. Today the price of the coin is falling as price approaches
the support level of $0.032.

ZIL

Should the price fall to the low of $0.032 and break it, the price will be exposed to the strongersupport level of $0.029. The Stochastic Oscillator period 14 is above 70 levels with its signal lines pointing downwards indicate a sell signal. The price of ZIL is below the 10-day EMA and on the 50-day EMA. In case the support level of $0.032 holds the price will resume its upward movement.

ZIL/USD Short-term Trend: Bullish

ZIL/USD is bullish in its short-term trend. It was able to break the resistance level of $0.037 upward yesterday. ZIL/USD formed strong bullish candles on the short-term trend that broke the resistance. The price was rejected back below the resistance level of $0.037 by the Bears’ pressure. As at present the price is moving upward towards the support level of $0.032 with the pressure from the bears. The price is below the 50-day EMA while the 50-day EMA is below 10- day EMA which indicates gradual downward movement.

ZIL

The Stochastic Oscillator period 14 is above 45 levels with the signal lines pointing towards south which indicates that the price may move downward towards the support level of $0.032. There is a probability for the price to decrease today.

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