Description
⋅ Zilliqa (ZILBTC) just hit a new low just to quickly bounce and move back up above resistance. This is marked with a "v" on the chart.
We can see low bear/red volume on the drop but green volume growing up strong on the bounce... The bulls are now in control.
Zilliqa (ZILBTC) Chart Signals
- ZILBTC is now trading above EMA10 (confirmed) and challenging EMA50 as I write this.
- The trading volume is going in favor of the bulls.
- The RSI is now bullish.
- Bullish divergence is showing up with both the MACD and RSI.
- Full green candlestick today.
The next target for ZILBTC can easily hit EMA100 or 91 satoshis (0.00000091 BTC).
The blue dashed line is the main support.
The red dashed line at the bottom is the new low/strong support.
Zilliqa is likely to grow now and move higher.
Thanks a lot for reading.
Namaste.