ZILLIQA - ZIL/USD

- USD (-)

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Type:	Cryptocurrencies
Ticker:	ZILUSD
ISIN:

ZILLIQA - ZIL/USD - Daily - Technical analysis published on 11/24/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

56%

39%

My opinion

Bearish under 0.027702 USD

My targets

0.020971 USD (-13.34%)

0.020446 USD (-15.51%)

My analysis

Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.027702 USD remains possible. It is advisable to trade ZILLIQA - ZIL/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.027702 USD. The next bearish objective for sellers is set at 0.020971 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.020446 USD. In case of crossing, the next objective would be the support located at 0.014164 USD. PS: if there is a bullish break in the resistance located at 0.027702 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.

Force

2.3

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The ZILLIQA - ZIL/USD rating is 0.024200 USD. The price has increased by +6.42% since the last closing with the lowest point at 0.022562 USD and the highest point at 0.024326 USD. The deviation from the price is +7.26% for the low point and -0.52% for the high point.

0.022562

0.024326

0.024200

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by ZILLIQA - ZIL/USD:

Technical

Technical analysis of ZILLIQA - ZIL/USD in Daily shows an overall bearish trend. The signals given by moving averages are 78.57% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	0.014164	0.020446	0.024200	0.032912	0.037046	0.047638
Change (%)	-41.47%	-15.51%	-	+36.00%	+53.08%	+96.85%
Change	-0.010036	-0.003754	-	+0.008712	+0.012846	+0.023438
Level	Intermediate	Major	-	Intermediate	Minor	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.020869	0.021262	0.022002	0.022395	0.023135	0.023528	0.024268
Camarilla	0.022429	0.022533	0.022637	0.022741	0.022845	0.022949	0.023053
Woodie	0.021042	0.021349	0.022175	0.022482	0.023308	0.023615	0.024441
Fibonacci	0.021262	0.021695	0.021963	0.022395	0.022828	0.023096	0.023528

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.016141	0.017732	0.020129	0.021720	0.024117	0.025708	0.028105
Camarilla	0.021428	0.021794	0.022159	0.022525	0.022891	0.023256	0.023622
Woodie	0.016543	0.017934	0.020531	0.021922	0.024519	0.025910	0.028507
Fibonacci	0.017732	0.019256	0.020197	0.021720	0.023244	0.024185	0.025708

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.020971	0.024453	0.027702	0.031184	0.034433	0.037915	0.041164
Camarilla	0.029101	0.029718	0.030335	0.030952	0.031569	0.032186	0.032803
Woodie	0.020856	0.024395	0.027587	0.031126	0.034318	0.037857	0.041049
Fibonacci	0.024453	0.027024	0.028612	0.031184	0.033755	0.035343	0.037915

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	45.99
MACD (12,26,9):	-0.0018
Directional Movement:	-3.569798
AROON (14):	-28.571429
DEMA (21):	0.021087
Parabolic SAR (0,02-0,02-0,2):	0.025786
Elder Ray (13):	0.000423
Super Trend (3,10):	0.027393
Zig ZAG (10):	0.023514
VORTEX (21):	0.8739
Stochastique (14,3,5):	55.96
TEMA (21):	0.020739
Williams %R (14):	-20.69
Chande Momentum Oscillator (20):	0.002032
Repulse (5,40,3):	7.9559
ROCnROLL:	-1
TRIX (15,9):	-1.1757
Courbe Coppock:	24.12

MA7:	0.022007
MA20:	0.023574
MA50:	0.027753
MA100:	0.031318
MAexp7:	0.022354
MAexp20:	0.023664
MAexp50:	0.027014
MAexp100:	0.032053
Price / MA7:	+9.97%
Price / MA20:	+2.66%
Price / MA50:	-12.80%
Price / MA100:	-22.73%
Price / MAexp7:	+8.26%
Price / MAexp20:	+2.27%
Price / MAexp50:	-10.42%
Price / MAexp100:	-24.50%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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