• The short-term and the medium-term outlook is in the uptrend.

• Traders may consider buying at pullback areas with bullish reversal candlesticks.

ZIL/USD Medium-term Trend: Bullish

Supply zone: $0.03000, $0.03200, $0.03400

Demand zone: $0.01600, $0.01500, $0.014000

ZILUSD is in a bullish trend in the medium-term. The bears gradually lost momentum within the range after price fell to $0.02485 in the demand area on 14th June. The wich in the candle coupled with the formation of a bullish hammer suggests the bulls regained control of the market.

Increased momentum led to the breakout at the upper supply area of the range with the cryptocurrency rising to $0.02610 in the supply area before the close of the session.

The bulls continue the journey up north with today’s 4-hour opening candle at $0.02525. ZILUSD rose to $0.02665 in the supply area with more traders taking positions.

The stochastic oscillator signal points up at 83% while price is above the tow EMAs. These suggest an upward continuation in price of the cryptocurrency.

ZIL/USD short-term Trend: Bullish

The cryptocurrency is in a bullish trend in the short-term outlook. The breakout at the EMAs crossover at $0.02288 confirmed the bulls takeover of the market during yesterday session. $0.02515 was the high of the day.

ZILUSD rose to $0.02660 shortly after today’s opening as the bulls maintained market dominance closing with a wick as an indication of brief exhaustion leading to bears control as price dropped to $0.02499 around the 10-EMA.

This created the bullish flag an indication of the continuation of the upward journey with bulls initial target at $0.02750 in the supply area.

The signal of the stochastic oscillator points up at 76% while price is up at $0.02655 above the two EMAs which are fanned apart suggesting upward momentum in the cryptocurrency price in the short-term.

Live Zilliqa (ZIL) Price: 1 ZIL/USD = $0.0145 change ~ 6.14% Coin Market Cap $151.72 Million 24 Hour Volume $7.32 Million 24 Hour VWAP $0 24 Hour Change $0.0009

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