Zilliqa Challenges MA200, 75%+ Move Mapped

15 Mar 2020

ZILBTC (Zilliqa) has been printing a series of higher lows and bullish/green volume is now becoming predominant on this chart.

MA200 (black line) is being challenged as I write this.
This indicator right now is sitting at 68 satoshis (0.00000068), as soon as ZILBTC manages to conquer this resistance, we can see its price starting to move up.

Conditions for change
If prices drop and close below 60 satoshis (0.00000060), then we can say that the bullish momentum is gone. If we go below 0.00000055, the above signals become invalid and 0.00000050 becomes the next important support. Depending on how this level is handled, ZILBTC will move either down or up... We remain bullish and always expect a bounce even after a strong drop.

Thanks a lot for your continued support.

Namaste.