Zilliqa Challenges MA200, Starts To Look Good!

Apr 7, 2020

Zilliqa (ZILBTC) has been great to us in the past with great profits... It's been a while since we last traded this pair.

Now, after a long period of consolidation, while Bitcoin prints strong swings down and up, ZILBTC is getting ready for a strong bullish jump.

Zilliqa Chart Analysis & Signals

• Prices are now trading above EMA10 and we also have increasing volume.
  
  
• A clear reversal signal can be seen 26-March... And now prices are moving up.
  
  
• MA200 is the next major resistance that needs to be broken in order for prices to gain momentum while continuing higher.
  
  
• ZILBTC is now facing EMA50 at 65 satoshis (0.00000065). With yesterday's long-wick, this level is soon likely to break.
  

This is it for this analysis.
Thanks a lot for reading.

Namaste.

May 4, 2020

Note

Works perfectly... Prices broke above MA200 and what followed was a strong green candle (bullish move).

It can go higher.