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Zilliqa Price Analysis ZIL / USD: Approaching BreakoutZilliqa / USD Short-term price analysis Zilliqa has an increasingly bullish short-term outlook, with the cryptocurrency testing towards the April 2019 trading high. The four-hour time frame is showing that a large inverted head and shoulders pattern has formed, with the recent advance invalidating a bearish head and shoulders pattern. Technical indicators across the four-hour time frame have turned bullish and continue to generate a strong buy signal. Pattern Watch Traders should note the upside target of the inverted head and shoulders pattern on the four-hour time frame would take the ZIL / USD pair towards levels not seen since October 2018. Relative Strength Index The RSI indicator is bullish on the four-hour time frame and still shows scope for further upside. MACD Indicator The MACD indicator is bullish on the four-hour time frame and continues to issue a strong buy signal. Zilliqa / USD Medium-term price analysis Zilliqa has a bullish medium-term outlook, with the cryptocurrency on course for a technical breakout on the daily time frame. The daily time frame is showing that the ZIL / USD pair is testing towards the top of a horizontal price channel that has been in place since the start of 2019. Technical indicators on the daily time frame remain bullish and continue to issue a buy signal. ZIL / USD Daily Chart by TradingView Pattern Watch Traders should note that a sustained bullish breakout above the horizontal price channel will trigger a major sentiment shift towards the ZIL / USD pair. Relative Strength Index The Relative Strength indicator is bullish on the daily time frame and still shows scope for further upside. MACD Indicator The MACD indicator is bullish on the daily time frame and is still issuing a strong buy signal. Conclusion Zilliqa is starting to appear increasingly bullish over both time horizons, with both the four-hour and daily time frames highlighting that the ZIL / USD pair is close to a technical breakout. If a technical breakout is confirmed, the ZIL / USD pair could rally towards levels not seen since October 2018.
BINANCE:ZILUSDLong
by CryptoBriefingTA
Zilliqa Price Analysis ZIL / USD: Escaping With The GoodsZilliqa / USD Short-term price analysis Zilliqa has a bullish short-term outlook, with the cryptocurrency still trading well above its 200-period moving average on the four-hour time frame. The four-hour time frame shows that price has bounced sharply higher from the ZIL / USD pair’s 200-period moving average and is now testing back towards the neckline of an inverted head and shoulders pattern. Technical indicators across the four-hour time frame have turned bullish and continue to generate a buy signal. Pattern Watch Traders should note that an even larger inverted head and shoulders pattern could start to form on the four-hour time frame. Relative Strength Index The RSI indicator is bullish on the four-hour time frame and is highlighting the growing short-term bullish pressure. MACD Indicator The MACD indicator is bullish on the four-hour time frame and continues to issue a strong buy signal. Zilliqa / USD Medium-term price analysis Zilliqa has a bullish medium-term trading bias, with the cryptocurrency recovering back above its trend defining 200-day moving average. The daily time frame is showing that the ZIL / USD pair remains trapped within a large horizontal price channel that has been in place since the start of 2019. Technical indicators on the daily time frame remain bullish and continue to show scope for further upside gains. ZIL / USD Daily Chart by TradingView Pattern Watch Traders should note that the October 2018 swing-high is the projected bullish target if a technical breakout occurs from the horizontal price channel. Relative Strength Index The Relative Strength indicator is bullish on the daily time frame and continues to issue a buy signal. MACD Indicator The MACD indicator is bullish on the daily time frame, with the MACD signal line still issuing a buy signal. Conclusion Zillaqa remains well supported on any moves lower, with the bullish pattern on the four-hour time frame highlighting that the cryptocurrency can still trade much higher over the short-term. If ZIL / USD bulls can ignite the bullish pattern it is likely that we will see a technical test towards the top of the horizontal price channel on the daily time frame.
BINANCE:ZILUSD
by CryptoBriefingTA
Zilliqa Price Analysis ZIL / USD: Jumping Above The AverageZilliqa / USD Short-term price analysis Zilliqa has a bullish short-term outlook, with the cryptocurrency advancing to a fresh monthly trading high. The four-hour time frame shows a valid head and shoulders pattern, with ZIL / USD bulls working hard to negate the bearish pattern following a false downside breakout. Technical indicators across the four-hour time frame have turned bullish and continue to signal further upside gains for the ZIL / USD pair. Pattern Watch Traders should note that a large inverted head and shoulders pattern will form if the bearish pattern is negated on the four-hour time frame. Relative Strength Index The RSI indicator is bullish on the four-hour time frame, although it is now correcting from extreme overbought conditions. MACD Indicator The MACD indicator is bullish on the four-hour time frame and continues to issue a strong buy signal. Fundamental Analysis Zilliqa is steadily gaining momentum after the news that the project is getting ready to enable smart contracts on June 10. The project has also reported that the Ledger support for native ZIL tokens is underway, which also had a positive effect on the price. Zilliqa / USD Medium-term price analysis Zilliqa has a bullish medium-term bias, with the cryptocurrency recovering back above its trend-defining 200-day moving average. The daily time frame is showing that a complex inverted head and shoulders pattern may be forming, following the recent strong advance in the ZIL / USD pair. Technical indicators on the daily time frame are turning higher and show scope for further upside gains. ZIL / USD Daily Chart by TradingView Pattern Watch Traders should note that the October 2018 swing-high may be the upside target of the potential inverted head and shoulders pattern on the daily time frame. Relative Strength Index The Relative Strength indicator is bullish on the daily time frame and is highlighting the growing medium-term strength in the ZIL / USD pair. MACD Indicator The MACD indicator is bullish on the daily time frame, with both the MACD signal line and histogram generating buy signals. Fundamental Analysis Although for the past six months Zilliqa has shown some clear signs of development, its ecosystem remains small. The project needs to start implementing its pilot programs into viable adoption use cases, otherwise it will continue to lag behind large networks. Conclusion Zillaqa has staged an impressive upside recovery, with the cryptocurrency shifting its medium-term trading bias and advancing above its 200-day moving average. If buyers can negate the bearish pattern on the four-hour time frame a much larger bullish pattern will start to form on the daily time frame.
BINANCE:ZILUSDLong
by CryptoBriefingTA
ZILUSD PepsiCo Blockchain ZILUSD PepsiCo Blockchain Trial Brings 28% Boost in Supply Chain Efficiency Food and beverage giant PepsiCo has conducted a blockchain trial that brought a 28 percent boost in supply chain efficiency. Dubbed “Project Proton,” the trial set out to examine if blockchain could address “industry challenges” in programmatic advertising. PepsiCo’s project partner and media agency Mindshare announced the news Monday, saying that it assisted in the trial, which carried out a programmatic end-to-end supply chain reconciliation using Zilliqa’s blockchain platform. The effort compared a control budget with one for the test to gauge the effectiveness of the technology. Zilliqa’s smart contracts were further used to automate the programmatic supply chain, Mindshare said, explaining: “These smart contracts reconcile impressions that are delivered from multiple data sources with payments facilitated using an internal Native Alliance Token (NAT) all in near real time, resulting in major efficiency gains and complete transparency for the brand owners.” The results indicated efficiency increases “in terms of costs for viewable impressions, in running the campaign through smart contracts, versus one without,” according to Mindshare. Other partners in the project included online advertising company Rubicon, programmatic marketing technology firm MediaMath and media firm Integral Ad Science. The trial was conducted in March in the Asia Pacific region. The partners now plan to run a second phase with the addition of payments to publishers and more performance metrics.
BINANCE:ZILUSDLong
by IgorPorokh
Zilliqa / USD Technical Analysis: Leap ForwardZilliqa / USD Short-term price analysis Zilliqa has a bullish short-term outlook, with the cryptocurrency enjoying a strong bid tone as the new trading month gets underway. The four-hour time frame shows a bullish inverted head and shoulders pattern, with buyers now probing the neckline of the bullish pattern. Technical indicators across the four-hour time frame are signalling further near-term gains for the ZIL / USD pair. Pattern Watch The overall upside projection of the inverted head and shoulders pattern on the four-hour time frame would take the ZIL / USD pair towards the current yearly trading high. MACD Indicator The MACD indicator is bullish on the four-hour time frame, with the MACD signal line issuing a strong buy signal. Relative Strength Index The RSI indicator is bullish on the four-hour time frame, although it is moving away from extreme overbought conditions. Fundamental Analysis The short term uptrend move can also be supported by the approaching end of the bootstrap phase (estimated to be on April 2nd, 2019), and the token swap which is planned for later this month. These are important steps to allow the use of Zilliqa’s blockchain at a full scale. Zilliqa / USD Medium-term price analysis Zilliqa has a neutral medium-term outlook, with the cryptocurrency moving towards a test of its trend defining 200-day moving average. A bullish breakout has occurred on the daily time frame, with the ZIL / USD pair moving above a large descending price channel. Technical indicators on the daily time frame are turning higher and continue to show that bullish momentum is gathering pace over the medium-term. Pattern Watch Traders should note that the descending price channel on the daily time frame has been in play since January this year, making the recent breakout technically significant. MACD Indicator The MACD indicator is bullish on the daily time frame, with both the MACD signal line and histogram trending higher. Relative Strength Index The Relative Strength Index is bullish on the daily time frame and is signalling further strength in the ZIL / USD pair over the medium-term. Fundamental Analysis The medium-term potential of the project is pegged to the ability of the team to start implementing the project’s partnerships. The recent announcement of the successful collaboration with Mindshare on a live advertising campaign in Southeast Asia is a positive sign, and could be the beginning of Zilliqa’s road to wide adoption. Conclusion Zillaqa has an improving trading outlook over the short and medium-term, with both time frames now showing bullish patterns. If buyers can move price above the ZIL / USD pair’s key 200-day moving average, the cryptocurrency is increasingly likely to target towards its current yearly trading high.
BINANCE:ZILUSDLong
by CryptoBriefingTA