ZILLIQA Price Prediction Today: Daily (ZIL) Value Forecast – July 22
• The bears are in control of the short and medium-term outlook.
• Traders may consider selling at key areas with bearish reversal candlesticks as entry confirmation.
ZIL/USD Medium-term Trend: Bearish
Supply zone: $0.02500, $0.02600, $0.027000
Demand zone: $0.0100, $0.00900, $0.008000
ZILUSD continues in a downtrend in the medium-term. The coin has been in ascending channel which was a correction of the impulsive bears' movement from $0.01050 in the supply area of 8th July.
ZILUSD rose to $0.01223 in the channel before resistance at the 50-EMA on 20th July with the bears gradually returning after the wick denoting bullish exhaustion.
The confirmation of the bears' takeover and resumption of downward continuation occurred at the break of the lower line of the channel during yesterday session with the low of the day at $0.01096.
The bulls had a brief control as the market open today at $0.01124 with price up at $0.01161. The stochastic oscillator signal points down at 39% an indication of downward momentum in price. $0.01000 in the demand area is the bears' initial target.
ZIL/USD short-term Trend: Bearish
The cryptocurrency is in a bearish trend in its short-term outlook. Today’s opening candle at $0.01130 sustained the bullish momentum until $0.01161 in the supply area at the upper line of the channel.
The journey down south to the lower line of the channel at $0.01070 is begun with price already at $0.01113 below the two EMAs.
The stochastic oscillator signal points down at 38% which implies downward momentum in price in the short-term with more candle opened and closed below the two EMAs.
Live Zilliqa (ZIL) Price:
1 ZIL/USD =$0.1073 change ~ -2.78%
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