ZIL showing incredible strength while BTC trading sideways
ZIL has been trading in the demand zone channel despite BTC trading sideways. RSI is showing bullish divergence. Low volume also indicates that bottom is in for the short term. This is a good area for accumulation while waiting the market to come back up. There is a high chance that BTC is having a bounce back to 40k to invalidate the bearish scenario of diving down to below 39k.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.