Zilliqa Zil Is Still Moving Above The Resistance Of Wedge With Bullish Divergence Of RSI

 


Hi friends hope you are well, and welcome to the new update on Zilliqa.

On a weekly time frame, after breaking out a big falling wedge pattern, Zilliqa was rejected by $0.23 resistance and re-entered the same wedge. For almost two weeks, Zil has been moving inside the wedge and now it has again moved above the resistance of this pattern. There is also a big bullish divergence of the weekly time frame as the priceline of Zilliqa is forming lower lows and RSI (relative strength index) is setting higher lows. For a detailed analysis, you can also watch the video as well.


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