Zilliqa Cryptocurrency Forecast

Red day on Wednesday for Zilliqa
(Updated on Apr 24, 2024)

ZILUSD Signals & Forecast

There are mixed signals in the cryptocurrency today. The Zilliqa cryptocurrency holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the cryptocurrency giving a more negative forecast for the stock. On further gains, the cryptocurrency will meet resistance from the long-term Moving Average at $0.0312. On a fall, the cryptocurrency will find some support from the short-term average at $0.0257. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Saturday, March 30, 2024, and so far it has fallen -28.43%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this cryptocurrency may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Zilliqa cryptocurrency

Zilliqa finds support from accumulated volume at $0.0258 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This cryptocurrency may move very much during the day (volatility) and with periodic low trading volume this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0.0010 between high and low, or 3.91%. For the last week the cryptocurrency has had daily average volatility of 8.39%.

Our recommended stop-loss: $0.0252 (-6.38%) (This cryptocurrency has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 25 days ago.)

Trading Expectations (ZILUSD) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect Zilliqa to open at $0.0267, and during the day (based on 14 day Average True Range), to move between $0.0239 and $0.0300, which gives a possible trading interval of +/-$0.0031 (+/-11.41%) up or down from last closing price. If Zilliqa takes out the full calculated possible swing range there will be an estimated 22.81% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0275 (1.86%) than the support at $0.0258 (4.52%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Zilliqa cryptocurrency A Buy?

Zilliqa holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.694 Hold/Accumulate Unchanged

Predicted Opening Price for Zilliqa of Thursday, April 25, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.