THELOGICALINDIAN - Zilliqa has now angry bullish and could ability new 2024 highs
Zilliqa / USD Short-term amount analysis
Zilliqa has an more bullish concise outlook, with the cryptocurrency testing appear the April 2024 trading high.
The four-hour time anatomy is assuming that a ample astern arch and amateur arrangement has formed, with the contempo beforehand abandoning a bearish arch and amateur pattern.
Technical indicators beyond the four-hour time anatomy accept angry bullish and abide to accomplish a able buy signal.
Pattern Watch
Traders should agenda the upside ambition of the astern arch and amateur arrangement on the four-hour time anatomy would booty the ZIL / USD brace appear levels not apparent back October 2024.
Relative Strength Index
The RSI indicator is bullish on the four-hour time anatomy and still shows ambit for added upside.
MACD Indicator
The MACD indicator is bullish on the four-hour time anatomy and continues to affair a able buy signal.
Zilliqa / USD Medium-term amount analysis
Zilliqa has a bullish medium-term outlook, with the cryptocurrency on advance for a abstruse blemish on the circadian time frame.
The circadian time anatomy is assuming that the ZIL / USD brace is testing appear the top of a accumbent amount approach that has been in abode back the alpha of 2024.
Technical indicators on the circadian time anatomy abide bullish and abide to affair a buy signal.
Pattern Watch
Traders should agenda that a abiding bullish blemish aloft the accumbent amount approach will activate a above affect about-face appear the ZIL / USD pair.
Relative Strength Index
The Relative Strength indicator is bullish on the circadian time anatomy and still shows ambit for added upside.
MACD Indicator
The MACD indicator is bullish on the circadian time anatomy and is still arising a able buy signal.
Conclusion
Zilliqa is starting to arise more bullish over both time horizons, with both the four-hour and circadian time frames highlighting that the ZIL / USD brace is abutting to a abstruse breakout.
If a abstruse blemish is confirmed, the ZIL / USD brace could assemblage appear levels not apparent back October 2024.
Check out our coin guide for Zilliqa for a abrupt overview.
We additionally appear a added overview of the activity in our Zilliqa DARE.
