Even After Strong Sell-Off Zilliqa Is Still Standing Above The Support With Huge Bullish Divergence

By moon333 | moon333 | 19 Jun 2022


$0.03 support and inverse H&S:
Hi friends hope you are well and welcome to the new update on the Zilliqa coin.
On an hourly time frame Zilliqa broke out a triangle but after getting rejected by $0.037 resistance it has tested the $0.03 support and bounced form here. In the meanwhile, Zilliqa has also broken out an inverse Head $ Shoulder pattern and now testing the neckline of this pattern as support.

TradingView Chart

 

Bullish Divergence:

On a weekly time frame, there is a still big bullish divergence of Zilliqa's chart, as pricleine is forming lower than the previous low but on the other hand, RSI is forming a higher low.

TradingView Chart


You can watch the complete details in the video.

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moon333
moon333

Hi, My name is Atif Akbar and I am a trader and trading charts author


moon333
moon333

Hi my name is Atif Akbar and i am trading charts author of different assets like crypto, forex, commodities, CFDs Stocks e.t.c.

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