ZILUSD Price Analysis: Trading below trendline
ZILUSD is trading below the important trend line which where support levels to hold the trend up
Now it is trading below them that is meaning that the trend is now bearish
The next times there can come a consolidation before going ahead and going more downside.
When ZILUSD falls below the 55-EMA this will be a bearish sign.
The rsi is consolidting in the middle line this means it can continue to the oversold region.
The MACD made a bearish cross which is certainly highly bearish.
Overall the trend goes to the downside so it is possible to see more of it the next time.
TREND: Down
EXPECTATION: More downside
BECAUSE: Trendline broken
PREV: 0.01807300
OPEN: 0.01966000
VOLUME: 320.889K
DAY'S RANGE: 0.01736400 — 0.02189300
Now it is trading below them that is meaning that the trend is now bearish
The next times there can come a consolidation before going ahead and going more downside.
When ZILUSD falls below the 55-EMA this will be a bearish sign.
The rsi is consolidting in the middle line this means it can continue to the oversold region.
The MACD made a bearish cross which is certainly highly bearish.
Overall the trend goes to the downside so it is possible to see more of it the next time.
TREND: Down
EXPECTATION: More downside
BECAUSE: Trendline broken
PREV: 0.01807300
OPEN: 0.01966000
VOLUME: 320.889K
DAY'S RANGE: 0.01736400 — 0.02189300
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.