ZILBTC
ZIL/BTC -> Novice Three Candle Bullish Reversal PredictionA Dragonfly Doji seems to be in the makings for ZIL/BTC.
This bullish three candle reversal needs the next day's
candle to confirm as bullish as well to prove the subsiding
sell pressure.
If confirmed as a reversal, first target would be ~381 sats.
Next target would be ~430 sats met by resistance that has
already been tested once so the rejection off of it (if any)
won't bounce as hard as it did April 19-23.
Invalidated with April 25 1D candle closing bearish.
ZILZIL showing some bull divergence and we saw some heavy on-chain volume come in today, which bodes well for the near-term at least
We can see it resting in a cluster of demand zones and could spring out of here if we can break from the 410 sat area
We could return to the HVN/POC of this range or even test the other side of it giving some nice gains
Thanks guys!
$ZIL entering under ~400Sats (ATL BTC) range..$ZIL entering under ~400Sats (ATL BTC) range..
Accumulating here could be a really nice choice for the coming weeks..
Bouncing from current lows to highs of this range could lead to a 60%+ profit with this being the first test of this support (better probability of success)
#ZIL
ZILBTC - If it is going to survive, this is the moment to do soZILBTC
Trading at a longterm bottom. If we are able to get a strong push, this project could fly. The zone looks more like a consolidation zone than a bear flag zone. Moreover it could form an inverse H&S with a weak Ichimoku Cloud ahead.
Fundamentally a strong project with great source code and github. From a marketing perspective it misses some peaces IMO. Great Developers and Ex-Googlers / Ex-Facebookers working there.
ZILUSDT
In an ascending triangle (in a bearish trend though). Need to smash through 0.026$ to break out.
Looking at the TOTAL2 chart it probably won't hold support. But if bulls take their chance here, this could be a fantastic opportunity.
Zilliqua new uptrend ZILBTC
This is an interesting chart at the moment. We did see a price decline after hitting the resistance, generally with declining volume during this price decline.
It kept on going and formed a bottom, much higher then the previous bottom. I consider this as a rejection to go lower, together with the bullish missing-right-shoulder divergence on MACD-H and on Elder Force Index.
This is a Higher Low and possibly the beginning of a new uptrend for Zilliqa.
The amount of volume has risen the end of the year 2018. And now with this pattern forming, I consider this a a longer term swing trade, and valid up to the resistance zone
That would be a nice time to take profits and decide to see if it is strong enough to reenter or even stay in it.
Elder Impulse is green on the daily chart.
Price is around the EMA, so a good place to enter would be here, or a bit lower. A study of the 4H or 1H chart will help me to place a good entry.
I put my SL way below the previous higher low, on the current minus 3 ATR channel line.
I consider this trade interesting, as the reistance zone is around 62-64. That means a Risk Reward ratio of 1:2.
SL: 399
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ZIL/BTC Long-Term-Price is in supportive zone
-Reduction in the slope of down trend
-After the breakout of specific black zone & down trend-line, the trend will change to bullish
Suggestive Position
- Entry=Trigger (according to trading strategy)
- Stop-loss=0.00000250-0.00000280
- Take Profit 1 =0.00000870-0.00000900
- Take Profit 2 =0.00001245-0.00001275
- Reward/Risk= 1.5