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Zilliqa (ZIL) Bullish Double Bottom Plus Broken DownTrend

Buy Signal

At Coin Inquire, we offer free price signal of
Zilliqa (ZIL) and other cryptocurrencies. Today July 06 we are beginning a new series of free signals for top cryptocurrencies including Zilliqa (ZIL) .

Here we have the chart for Zilliqa ( ZILBTC ), which is looking beautiful and can potentially produce a strong breakout to the upside… 

Let’s take a minute and look at this chart together… 

  • First, we have a double bottom , ZILBTC hit the same low at 0.00000132 BTC on the 28th of June and the 4th of July, this is a bullish pattern . 
  • We can also see the bullish divergence on the MACD and RSI , purple arrows. Notice how the price is going down while the indicators are moving up. This is a very strong and accurate signal but it doesn’t always play out, it can be invalidated. 
  • This double bottom pattern also happens to be a new all-time low on Binance for ZILBTC , making this a retest of the low… Probabilities are high for a move to the upside here. 
  • The RSI is also moving out of oversold and there is a recent break/challenge of EMA5. 

Conditions for change: If ZILBTC moves lower and closes below 0.00000132 BTC on the daily time frame, the above signals become invalid and a new analysis is needed. 

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