Elrond [EGLD] Zilliqa [ZIL] Price Analysis Prediction Feb. 15

hello everyone.   before moving on to the video we ask you to 
support us and subscribe to our channel please.  Elrond is among the biggest losers 
in the cryptocurrency market.   A bearish wave has seen both small and large coins 
correct from their recent highs. Elrond’s massive   upswing ran into a strong barrier at $225, 
paving the way to a 60% breakdown below $100.   Meanwhile, bulls seem to be working on a recovery 
mission as long the primary support holds firmly.  The breakdown from the all-time high 
failed to secure support at the 61.8%   Fibonacci retracement level, taken between the 
last swing high at $225 to a swing of $96.2.   The bearish leg progressed under $100 
before Elrond bounced off the 23.6% Fibo.  At the time of writing, Elrond is dancing at 
$140 after reclaiming the lost ground above   the 100 Simple Moving Average on the 4-hour 
chart.

Elrond must close the day above this   key moving average to sustain the ongoing 
recovery. Notably, massive buy orders will   be triggered if the token steps above either 
the 61.8% Fibo or the 50 Simple Moving Average.  The Relative Strength Index on the 
4-hour chart has validated the rebound   after bouncing off the oversold area. 
A continued movement toward the midline   will cement the bulls’ influence over the price.
Elrond is not out of the woods yet, and therefore,   it is essential to tread with caution.

If 
the uptrend cannot be sustained above the   100 Simple Moving Average on the 4-hour chart, 
another retracement will take precedence. The   support at the 23.6% Fibo near $95 would also 
be retested. A break under this zone may open   the Pandora box as bears rush to push for 
losses toward the 200 Simple Moving Average. Zilliqa price saw a breakdown of the critical 
level at $0.125 on the 4-hour chart due to   a sudden spike in selling pressure 
caused by a market-wide correction.  Zilliqa sliced through the $0.125 
support barrier provided by the   Bollinger Band's middle line triggering 
the SuperTrend indicator's sell signal.   Now, ZIL continues to drop towards the Bollinger 
Band's lower end, which is the next demand level.

The 1-hour chart presents an additional bearish 
outlook for Zilliqa price due to the breach of   the 100 one-hour MA. Moreover, a breakout from the 
descending triangle pattern suggests a 20% drop,   which is the distance from the price’s highest 
point inside the triangle to the flat support.  It is worth noting that the Zilliqa price 
correction towards the said target can   be mitigated due to the presence of the 
200 one-hour MA around the $0.107 level. Therefore, if buyers continue 
to accumulate Zilliqa at $0.107,   the resulting spike in buying 
pressure could push the price higher. Only a 1-hour candlestick close 
above the 100 one-hour MA at $0.12,   coinciding with the triangle's base, 
will invalidate Zilliqa's bearish thesis.   Subsequent buying pressure projects a retest 
of the 50 one-hour MA around the $0.14 level. Subscribe to our channel and open 
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cryptocurrencies and other investment tools.   İn this video references an opinion 
and is for information purposes only.   It is not intended to be investment advice. 
Every investment and trading move involves risk,   you should do your own research 
while making a decision.

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