• ZIL/USD trade has now been moving in a range format over a conjoint point of the SMA indicators.
• The bulls in the ZIL/USD market may, in the long run, need to accumulate their momentum between $0.02 and $0.015.

ZIL/USD Long-term Trend – Ranging

• Distribution territories: $0.03, $0.035, $0.04
• Accumulation territories: $0.015, $0.01, $0.005

ZIL/USD market has been over the time trading in a range around $0.02 mark. The market has been formerly struggling to swing northwards past $0.025 on two different trading occasions usually between May 21 and 22. As it couldn’t succeed, now it has resorted to moving in a choppy mode.

The two SMA trading indicators have also moved closer to conjoin around the $0.025 price range line of the crypto-market. The Stochastic Oscillators have slightly opened hairs to point south-east a bit over range 40.

There are indications that this crypto-trade would still need to be controlled by the bears especially it’s may not be able to forcefully break out a rejection mark at $0.025. Meanwhile, the bulls may accumulate their momentum between $0.02 and $0.015 market territories as there seem to be the crypto’s present buying windows. But, traders should be on the lookout for a price action to back their entry.

Zilliqa:

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.