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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Nano (NANO) на Currencies.ru

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analysis daily price dgb markets zil nano

analysis daily → Результатов: 126


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2019-2-26 02:42


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2019-2-23 02:23


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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

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2019-1-29 02:01


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2019-1-26 03:13


Ethereum Price Analysis: ETH Outperforms Among Top 3 Cryptocurrencies

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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