Daily Price Analysis and Prediction: Zilliqa (ZIL), Nano and Digibyte (DGB)

2019-2-28 20:29

Summary

On three hour charts, a slow uptrend has reverberated across the various cryptos. This is after the coins underwent a bearish rally on February 24 which they are trying to correct. In the markets, Investor confidence is picking and slowly gaining stability. As the crypto markets fell, investors moved quickly to buy the dip in anticipation of better prices. Previous support zones have been upped whereas resistance zones are yet to be tested.

Today’s focus coins performed as follows in the markets over the last 24 hours:

Zilliqa (ZIL)

The ZIL/USD pair started off the day selling at $0.0182 and is now at $0.0172. This represents a 12.2% drop in the pair’s price. The drop in price resulted in negative investor sentiments as seen in the RSI (A) which dipped sharply before gaining track. At the moment, support has moved up from $0.0172 to $0.0175 which shows an upward price movement.

Forecast

All indicators signal a bearish outlook in the coming days. The 9 Day EMA (B) is headed down while the 30 day EMA (C) is upward facing and about to cross over on top. This suggests a bearish rally in the coming days. Unless the Bulls can up their momentum, ZIL/USD is likely to experience a downward price movement.

Nano (NANO)

NANO coin started off on a Bullish momentum yesterday before taking a drastic dip during the day. This was followed by a protracted upward rally that has maintained. Support is set to be bettered as prices look up. This movement has been reflected in the RSI (A) which dipped before embarking on an upward movement. The NANO/USD pair has sold $1.4 Million over the last 24 hour and has a market capitalization of $124.6 Million.

Forecast

In the coming days, we are likely to experience an upward price movement. This is supported by both the 9 Day (B) and the 30 day (C) moving averages. The two form a contracting triangular pattern between them which signals a Bull Run.

Digibyte (DGB)

Digibyte has had little to no activity in the last few days. It is currently trading at $0.011 and has sold $1 Million in the last 24 hours. The 30-day Moving average is currently on top but seems set to come down. On the other hand, the 9 day EMA (B) has dominantly been on top and is about to cross back. This suggests a bullish outlook in the coming days.

Forecast

This Bullish outlook is also supported by market sentiments. They have been steady, neither undersold nor oversold (A). This is to mean that its investors are upbeat that the coin will shoot.

The post Daily Price Analysis and Prediction: Zilliqa (ZIL), Nano and Digibyte (DGB) appeared first on ZyCrypto.

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Источник: zycrypto.com

analysis daily → Результатов: 126


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Bitcoin Price Analysis: Bullish Rejection Wipes Out Bitcoin’s Weekend Gains

Over the weekend, a strong rally was stifled by an even stronger rejection as the bitcoin market was shoved into a band of overhanging resistance. This band of resistance has been mentioned several times in our analyses over the last few weeks as it has proven impossible to overcome for the time being:Figure 1: BTC-USD, Daily Candles, Failed BreakoutThis run to the low $4,000s coincided with a breakout of a rather large symmetrical triangle consolidation shown above.

2019-2-26 02:42


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Bitcoin Price Analysis: Bullish Setups Could Break Current Market Structure

The cryptomarket remains coiled as we lead into the weekend with no new highs and no new lows being established for bitcoin. However, it is nicely consolidating on lower time frames and hints toward the possibility of another leg up:Figure 1: BTC-USD, Hourly Candles, Consolidating PennantThe pattern shown in Figure 1 outlines a potential continuation pattern called a “bullish pennant.

2019-2-23 02:23


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Bitcoin Price Analysis: Consolidation Breaks Out Into Macro Resistance Test

Over the course of the last 10 days, bitcoin has managed to rally nearly 20% in value as it burst through two major resistance levels and is now beginning the test of a major macro level:Figure 1: BTC-USD, Daily Candles, Macro ResistanceWe can see a clear, descending supply-and-demand channel that governed the market for the last two months.

2019-2-20 01:38


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Bitcoin Price Analysis: After Sudden Upswing, Bitcoin Price Drifts Downward

Last week, we saw a violent move to the upside as bitcoin rallied 11% over the course of one day. Since peaking in the upper $3,600s, bitcoin has seen close to zero bullish follow-through, and the price has begun to drift downward over the course of the last week:Figure 1: BTC-USD, Hourly Candles, Downward DriftDownward-drifting markets like this can often be a sign that distribution is taking place.

2019-2-15 00:21


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Bitcoin Price Analysis: Major Support Broken on Expanding Volume and Spread

After weeks of consolidation, bitcoin finally broke through support. The market now finds itself cruising toward prior lows. On expanding volume and spread, the bitcoin market appears ripe for a continuation of the downtrend:Figure 1: BTC-USD, Daily Candles, Broken SupportAlthough the current daily candle has yet to close, unless there is a strong influx of demand hitting the market, it stands to reason that bitcoin will be closing a new daily low for the first time since mid-December.

2019-1-29 02:01


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Bitcoin Price Analysis: Strong Move Likely Following Tightly Coiled Market

Days and days of sideways consolidation and tightening volume has been the name of the game for the bitcoin market. A narrow range of $200 has caused a weeks worth of activity to coil and consolidate in preparation for bitcoin’s next move:Figure 1: BTC-USD, Daily Candles, Narrow RangeThe figure above shows just how narrow the range has been over the last week as the market has continued to grind out support and fail to break above overhanging resistance.

2019-1-26 03:13


Ethereum Price Analysis: ETH Outperforms Among Top 3 Cryptocurrencies

Similar to the market leader Bitcoin, Ethereum underwent a bearish drop today but has since recovered and is currently recording an increase on the daily candle. If Fibonacci retracements are drawn from Decembers low to January’s early high, we can see that price has been finding support and resistance at a number of the levels.

2019-1-22 19:19


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Bitcoin Price Analysis: Bitcoin Tests Boundary Support as Demand Weakens

Following last Friday’s drop, bitcoin has found itself coiled, once again, at the bottom of the range it established back in December. With the current market unable to close a new high, the market finds itself in a precarious position:Figure 1: BTC-USD, Daily Candles, Range Support TestThe blue support level shown above illustrates the boundary of the multi-week range bitcoin has been bound by.

2019-1-18 02:02


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