ZIL lost 8%; Breaks Vital Support Around $3.50 - BitcoinEthereumNews.com
Pinagmulan: Pangangalakal sa Pagbebenta If the price breaks below the sessions low amid intense selling pressure more downside can be expected at the ZIL price. On moving lower, the sellers would take the first stoppage around the 50-day EMA (Exponential Moving Average) at $3.17. In addition to that, the next level of support could be found around the $2.60 level. The stochastic oscillator remains in the oversold zone since April 14. There is no sign of reversal as expected to continue to move lower. The On-balance volume slips from the overbought zone while the price retraced below. On the contrary, a shift in the bullish sentiment would result in a short-term bounce back in the price. A daily candlestick above $3.95 would invalidate the bearish outlook on the price. In that scenario, the price would retest the highs of April 11 at $4.45 which coincides with the horizontal resistance zone. Investors would next collect the liquidity around the psychological $5.0 level. As of publication time, ZIL/USD reads at $3.57, down 6.29% for the day. Pagtatatuwa Ang ipinakita na nilalaman ay maaaring isama ang personal na opinyon ng may-akda at napapailalim sa kondisyon ng merkado. Gawin ang iyong pananaliksik sa merkado bago mamuhunan sa mga cryptocurrencies. Ang may-akda o publication ay