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Zilliqa (ZIL) Technical Analysis: Edging Closer Towards Maximum Consolidation Inside 337 Day Pattern

Published 06/14/2019, 07:14 AM
Updated 06/14/2019, 08:41 AM
 Zilliqa (ZIL) Technical Analysis: Edging Closer Towards Maximum Consolidation Inside 337 Day Pattern

Zilliqa (ZIL) Technical Analysis: Edging Closer Towards Maximum Consolidation Inside 337 Day Pattern

Zilliqa’s price appears to be a matter of weeks away from reaching maximum consolidation inside a 330+ day falling wedge reversal pattern, on the daily chart against BTC pairing.

The #43 cryptocurrency, which is currently trading at around 282 Sats, has been held in year long downtrend since correcting from its all-time high way back in May 2018, at 2508 Sats (-88.76%). But things could be about to change for this project.

Right now ZIL has secured a 1.97% gain against the US dollar, but is trailing slightly behind Bitcoin by 0.47%.

Zilliqa (ZIL) Price Analysis

On the daily ZIL/BTC chart we can see all the necessary compo...

This article appeared first on Cryptovest

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