So many reasons to be bullish on ZILUSD right now. If it can break above the major horizontal resistance and consolidate briefly then technically we expect faster upwards price action.
On the 1-day chart the tinken-san line is about to cross the kijun-san line (TK cross-over) which is typically a very bullish signal.
We've also had good consolidation since early June.
However the Stochastic RSI is now overbought so it may be another few days to give it time to reset as price continues to bite at that horizontal resistance.
Reaching that level will also complete our previous target of a 40% gain.
Algo bots and traders alike will be watching for a strong break.
Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.
On the 1-day chart the tinken-san line is about to cross the kijun-san line (TK cross-over) which is typically a very bullish signal.
We've also had good consolidation since early June.
However the Stochastic RSI is now overbought so it may be another few days to give it time to reset as price continues to bite at that horizontal resistance.
Reaching that level will also complete our previous target of a 40% gain.
Algo bots and traders alike will be watching for a strong break.
Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.
