ZILLIQA - ZIL/USD
ZILLIQA - ZIL/USD
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Type: Cryptocurrencies
Ticker: ZILUSD
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ZILLIQA - ZIL/USD - Daily - Technical analysis published on 05/05/2023 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 0.028926 USD
My targets
0.025181 USD (-7.06%)
0.022089 USD (-18.47%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ZILLIQA - ZIL/USD as long as the price remains well below 0.028926 USD. The sellers' bearish objective is set at 0.025181 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.022089 USD. In case of crossing, the next objective would be the support located at 0.020446 USD.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
5.7

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:
1H Weekly

Additional analysis

Quotes

ZILLIQA - ZIL/USD rating 0.027094 USD. The price registered a decrease of -0.14% on the session and was traded between 0.026753 USD and 0.027506 USD over the period. The price is currently at +1.27% from its lowest and -1.50% from its highest.

0.026753
0.027506
0.027094

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in Daily of this ZILLIQA - ZIL/USD chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 11 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : Daily



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.020446 0.022089 0.026857 0.027094 0.028926 0.031020 0.032998
Change (%) -24.54% -18.47% -0.87% - +6.76% +14.49% +21.79%
Change -0.006648 -0.005005 -0.000237 - +0.001832 +0.003926 +0.005904
Level Intermediate Major Intermediate - Major Minor Minor



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
Standard0.0256200.0261740.0266530.0272070.0276860.0282400.028719
Camarilla0.0268480.0269430.0270370.0271320.0272270.0273210.027416
Woodie0.0255830.0261550.0266160.0271880.0276490.0282210.028682
Fibonacci0.0261740.0265690.0268120.0272070.0276020.0278450.028240


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0173990.0225710.0258100.0309820.0342210.0393930.042632
Camarilla0.0267350.0275060.0282770.0290480.0298190.0305900.031361
Woodie0.0164320.0220880.0248430.0304990.0332540.0389100.041665
Fibonacci0.0225710.0257840.0277690.0309820.0341950.0361800.039393


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0167700.0222570.0251810.0306680.0335920.0390790.042003
Camarilla0.0257920.0265630.0273340.0281050.0288760.0296470.030418
Woodie0.0154890.0216160.0239000.0300270.0323110.0384380.040722
Fibonacci0.0222570.0254700.0274550.0306680.0338810.0358660.039079

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 39.25
MACD (12,26,9): -0.0008
Directional Movement: -3.044438
AROON (14): -71.428572
DEMA (21): 0.028231
Parabolic SAR (0,02-0,02-0,2): 0.032020
Elder Ray (13): -0.001364
Super Trend (3,10): 0.033119
Zig ZAG (10): 0.026807
VORTEX (21): 0.9458
Stochastique (14,3,5): 9.76
TEMA (21): 0.027230
Williams %R (14): -93.94
Chande Momentum Oscillator (20): -0.005190
Repulse (5,40,3): -1.9759
ROCnROLL: 2
TRIX (15,9): -0.1161
Courbe Coppock: 25.44
MA7: 0.027599
MA20: 0.030013
MA50: 0.029369
MA100: 0.029351
MAexp7: 0.027693
MAexp20: 0.028986
MAexp50: 0.029224
MAexp100: 0.028714
Price / MA7: -1.83%
Price / MA20: -9.73%
Price / MA50: -7.75%
Price / MA100: -7.69%
Price / MAexp7: -2.16%
Price / MAexp20: -6.53%
Price / MAexp50: -7.29%
Price / MAexp100: -5.64%

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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