TL:DR - Bearish H&S pattern forming against Ether, watch for breakdown to 0.0001925. Otherwise we are in a sideways channels with no clear trade. This is the Zil:Eth 4H chart. Zil did have a nice bullish candle on 5/19 where the descending wedge and blue upward trend met. Unfortunately since then ZIL has not held its momentum. Even worse, there is the...
TL:DR - Zil is holding support on the blue dashed uptrend line going back almost 1 month. I expect to hold this and move higher. Otherwise watch for 0.000192 and 0.000177 for support. I apologize for the busy chart. Update on Zilliqa with this Zil:Eth 1 hour chart. We have now retraced about 75% from the peak of the bull-run/blow off top. As expected the...
Zilliqa (ZIL) currently offers one of the best scaling solutions by focusing on transaction throughput and sharding. This means that Zilliqa (ZIL) even with its less number of nodes as of now is able to conduct a lot more transactions per second than Ethereum (ETH) or Bitcoin (BTC). It is also capable of handling tens of thousands of transactions per second. This...
I have to say that I've been quite impressed with the overall growth of this project, they've managed to do it organically as well. After seeing a healthy run it would seem that she's run out of steam and with other coins being the primary focus as we enter the week for the consensus conference in NYC. I can see other holders of this coin selling and taking...
ZIL is looking really healthy right now. With this project still being in early development with great test net results... I'm saying we could easily see that match price value of ETC or QTUM. This is not financial advice homie.
All, take a look at the chart it tells you what you want to know don't get in till you have a candle break above + retest.