Zilliqa (ZIL / BTC) ran, as expected in the previous analysis a month ago, into the red marked resistance range in the range of 0.00001430 BTC.
ZIL was unable to break this resistance and the downward trend continued. Initially, the price headed for the big uptrend line and remained there at times for a directional decision.
The sellers have won and ensured that the price leaves the supporting trend. A last typical pullback movement from the bottom to the line was the result.
In addition, the EMA200 line also fell and met with the uptrend in a common region. A thick resistance that could not be overcome so easily.
Currently, the share price is directly at 78.6 Fibonacci-Retracement. On the volume side, however, there is no little hope for sustained price increases. The large volume like last year has unfortunately not yet returned.
This is NOT investment advice and does not require buying or selling. Every reader is aware of this and makes their own investment decision with their own understanding of risk management!
Cheers Jessy
