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ZIL.X Crypto Tickeron detected bearish Crypto Pattern: Triangle Symmetrical Bottom ZIL.X on August 01, 2024, netting in a 26.27% gain over 6 days

A.I.dvisor
at Tickeron.com
08/07/24
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+26.27% Gain from a Successful pattern Triangle Symmetrical Bottom
ZIL.X - Zilliqa cryptocurrency
Tickeron
Ticker: ZIL.X
Company: Zilliqa cryptocurrency
Gain from shortening: +26.27%
Confirmed: 08/01/24
Succeeded: 08/05/24
Total length: 6 days
On July 30, 2024, A.I.dvisor detected a Triangle Symmetrical Bottom Pattern (Bearish) for Zilliqa cryptocurrency (ZIL.X, $0.016806). 2 days later, on August 01, 2024, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On August 05, 2024, the stock hit the target price of $0.012760 – resulting in a +2 gain for traders who shorted the stock on the pattern detection date.

ZIL.X's RSI Indicator recovers from overbought zone

The 10-day RSI Oscillator for ZIL.X moved out of overbought territory on September 28, 2024. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 44 instances where the indicator moved out of the overbought zone. In of the 44 cases the stock moved lower in the days that followed. This puts the odds of a move down at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where ZIL.X declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

ZIL.X broke above its upper Bollinger Band on October 20, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on October 11, 2024. You may want to consider a long position or call options on ZIL.X as a result. In of 126 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for ZIL.X just turned positive on October 14, 2024. Looking at past instances where ZIL.X's MACD turned positive, the stock continued to rise in of 58 cases over the following month. The odds of a continued upward trend are .

ZIL.X moved above its 50-day moving average on October 11, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for ZIL.X crossed bullishly above the 50-day moving average on October 12, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 18 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ZIL.X advanced for three days, in of 442 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 297 cases where ZIL.X Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

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ZIL.X
Daily Signalchanged days ago
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