ZILUSD Price Analysis: Trading in a triangle above support
ZILUSD Is trading in a steady growing uptrend with its uptrend line estbalished and already holding
For now it is consolidating int a symmetrical triangle which is more bullish than bearish
ZILUSD is still trading above the 55 and 20-EMAs and has some good support at the uptrend-line.
The next will be that the triangle confirms and there are somme interesting targets at the upside.
For now it is more possible that the triangle confirms bullish as bearish because there is strong
support all over the place but in case it confirms bearish this will be confirmed with a clear
and decisive break of the uptrend-line down.
The RSI is sending some moderate signs which can definitely change to the upside because that
comes often after the RSI consolidates in the middle.
TREND: Sideway
EXPECTATION: Breakout
TREND AFTER EXPECTATION: More likely upside
MARKET OPEN (JUN 13 16:49 UTC)
PREV: 0.02599900
OPEN: 0.02599900
VOLUME: 332.888K
DAY'S RANGE: 0.02280000 — 0.02673000
For now it is consolidating int a symmetrical triangle which is more bullish than bearish
ZILUSD is still trading above the 55 and 20-EMAs and has some good support at the uptrend-line.
The next will be that the triangle confirms and there are somme interesting targets at the upside.
For now it is more possible that the triangle confirms bullish as bearish because there is strong
support all over the place but in case it confirms bearish this will be confirmed with a clear
and decisive break of the uptrend-line down.
The RSI is sending some moderate signs which can definitely change to the upside because that
comes often after the RSI consolidates in the middle.
TREND: Sideway
EXPECTATION: Breakout
TREND AFTER EXPECTATION: More likely upside
MARKET OPEN (JUN 13 16:49 UTC)
PREV: 0.02599900
OPEN: 0.02599900
VOLUME: 332.888K
DAY'S RANGE: 0.02280000 — 0.02673000
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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.