• ZIL/USD market still under a slight downward force.
• $0.01 price level would serve as the pivotal point of this crypto-trade if the bulls have come to take the market's charge.

ZIL/USD Medium-term Trend – Bearish

• Resistance levels: $0.013, $0.014, $0.015
• Support levels: $0.009, $0.008, $0.007

The market trend between ZILLIQA and the US dollar appears to still be under a slight downward force. There have also slowing uprises in the value of this crypto-market as the market has been trading around $0.011 mark.

The Bollinger Bands bend briefly towards the south-east. The 50-day SMA indicator and the Bollinger Middle Band are around the $0.011 price level. The Stochastic Oscillators now attempt to close the hairs around range 80.

As the crypto’s value is trading around the $0.011 point now, there’s every tendency that the bulls may not be able to push the market line far beyond its former high level at $0.012 in the medium-term run. Therefore, the pair may once again drive by the bears in the market afterward.

ZIL/USD Short-term Trend – Bullish

There has been small increase in the short-term market valuation of ZIL/USD today. The crypto begins to rise on the account of first 1-hour candlestick formed in the market with very short moves subsequently to the north. The 50-day SMA indicator and the Bollinger Lower Band are below the current market point at $0.0105. The Stochastic Oscillators are attempting to close the hairs a bit below range 60.

With the emergence of a bullish candlestick breaking past $0.011 the SMA trading indicator at the $0.0105 price level, it’s a good signal to now be on the lookout for a buy set-up prior exerting an order. $0.01 price level would now serve as the pivotal point of this crypto-trade.

Zilliqa:

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