Zil/Eth has had a long down trend starting on december 27th, a month later started its stagnant period. A falling wedge forming, rsi readings approx 40 and below on daily chart this animal is lurking and ready to pounce.
If history repeats the last time the rsi was this low you may see a 200% to 250% rise up to even 400% although I have my doubts it could jump that much.
News: $ZWAP is now live! In true "decentralised" fashion, this governance token's been designed to transition control of #ZilSwap over to the community.
Will that be enough to push ZIL out of it's slump?
If history repeats the last time the rsi was this low you may see a 200% to 250% rise up to even 400% although I have my doubts it could jump that much.
News: $ZWAP is now live! In true "decentralised" fashion, this governance token's been designed to transition control of #ZilSwap over to the community.
Will that be enough to push ZIL out of it's slump?
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We have consolidation again. Prepare for another possible move in coming days