Ziliqa Consolidating NicelyZILUSD is struggling with the 4-hour time-frame at the moment but from a 2-day and 3-day perspective things are looking very good indeed.
Price seems to have found good support around the 16 cent level to consolidate this months upwards price movement.
Our 40% target was delayed, but back in play.
Ziliqa
Ziliqa at risk of 40% drop reveals new weekly candleThe weekly candle close was brutal.
After an indecision candle 2 weeks ago which pierced resistance and then closed below...
...then last weeks candle a steep red...
...and MACD trending down...
...given the meteoric rise we've seen in ZILUSD the past few months...
...it makes sense that Ziliqa may have to drop all the way down to find support, perhaps at the 0.011 level. A 40% drop from current price.
This is more likely to happen if BTCUSD does not somehow manage to quickly break it's consolidation range to move upwards, which as usual would probably bring the rest of the market up with it, including Zil.
Bottom line, traders are likely to be taking profit and looking for a cheaper entry position on Zil.
Alligators Trend Following on ZILHello, Traders.
Our indicator is showing that we are still in a downward trend since the formation of the top, I believe that we can sideways between 180 satoshis to 220 satoshis, that is quite a volatility.
The buying point in this asset is when the price goes above the alligators moving averages, so the buy point is going to be on the pullback to the "lips" line
See in this example above what needs to happen in order to have a good buy, the price needs to be above the 3 lines of average movements and make a pullback to the green line, so we end an excellent trade with a good risk-reward.
Patience Pays.
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Ziliqa Fiblooking good, as long as BTC doesnt go down, should see a fib retace to 618 or higher, like it did on last fib.
ZILLIQA ($ZILUSDT) 💹 | Zooming into Zil for the Double Kill?🏁On our last ZIL chart, we illustrated how ZIL was coming up to heavy resistance on higher time frames and only has a handful of key support ranges below.
What the bulls need to do to maintain momentum in the current uptrend is to find support ASAP and quickly head higher. Failing to do this isn't the end, it just really dampens the immediate bull case, which means fewer eyes on ZIL and buyers, which likely leads to more downside rather than the strength needed to break the resistance above.
Since this is true, and since our last ZIL chart was a broader high time frame overview, today we'll zoom in a bit to look at logical places for the bulls to find support.
Our analysis today is brought to you by user request, don't forget to ask questions and request charts in the comments below.
Support:
The pattern so far has been shallow pullbacks full of higher lows and clearly bullish price structure. This current correction is already looking a little bit more like a top due to a deeper pullback and the retest of the previous range (this is a first since the uptrend gained momentum).
With that in mind, the S1 bullish S/R flip and orderblock cluster is the most logical place to find support if the overall uptrend is to continue. We may have lost a little bit of bullish price structure, but a move up at S1 retains a structure of higher lows at least.
If S1 can't hold, then a retest of the S2 S/R flip also generally retains the overall bullish structure. Accumulation between S1 and S2 before moving higher, has some logic to it, especially on a higher time frame where we would be finding consolidation ontop of an important range from the first half of 2019 (see related ideas for our higher time frame ZIL chart).
At S3 things start looking grim for the bulls. Breaking below S2 means momentum is lost and clearly bullish market structure is too. It isn't like S3 or even S4 can't act as support and eventually result in a move higher, but it is likely that the excitement and the bullish narrative gets lost with a retest of these levels.
If we do end up going down below S3, we suggest looking to our longer-term ZIL outlook in the related ideas below.
Resistance:
In terms of local support and resistance, there is only one level to contend with, that is the R1 bearish S/R flip. If bulls can break above R1, we are likely going to run unless the broader market pulls back with enough intensity to stop alts from running.
Summary:
The bulls will want to S1 or S2 hold and then R1 broken quickly. The longer ZIL corrects, and the deeper it corrects, the more momentum is lost.
While there is a bit of good news like Binance staking to help hold up price, momentum and bullish structure is the main thing ZIL has going for it, so bulls want to focus on retaining that above all else.
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ZIL - go Long!Hi everyone
Zil 4 chart show us how this coin pumped from 119 sats all the way to the 311 sats, amazing..
We can see a pattern in ZIL's growth. Each time it pumped, the token accumulated a bit and pumped again, look at the RSI. I believe we are in the same situation right now. Zil formed a downtrend and RSI is in the oversold area, which indicates that the bears own the situation right now. But history repeats itself and as the last 3 times, ZIL will rise.
Fundamentals are also on their side, on Monday they are announcing a partnership and everyone is hyped to see who it is. Also, they will be available on the Pool-x platform for staking, which is also positively affect the price.
Good luck!
Chainlink is in for more losses before returning to new ATHEven though this is the daily chart as we can see on the weekly Chainklink seems to be making a cup and handle formation. This being the daily chart my drawing shows the point of capitulation we need to arrive at in order to have an upwards trend moving forward. This could take a couple of weeks to accomplish. I am estimating the bottom to be somewhere around the upwards EMA of 36,000 SATS. I do believe LINK Coin has big things in store for it. There is suppose to be a big meeting happening this evening May 5th and TEZOS just said they are going to utilize LINK for their oracle needs. We can look forward to Chainlink staking in the future as well.
ZILBTC Crazy price actionFormation of a triangle, looking for a return to the 0 fib level before upward movement returns, looks like some nasty accumulation.
$ZIL looking very bullishWhy am I bullish on ZIL? Well for one, we have seen the highest daily volume ever recorded for $ZIL recently. It also looks to be forming an ascending triangle, which is inherently bullish. On top of that, $ALTS in general have reacted very well to this recent $BTC retrace, which leads me to believe we are going to see some strong alt bounces across the board. ALSO $ZIL's smart contracts are coming out on June 10th, which can definitely cause some bullish momentum. If you are looking to go long on alt coins, I think ZIL is one of the best choices at the moment.
$ZIL Next Move Should Be Violent! Best Time to Enter? NOW!Zilliqa currently has it's deposit and withdrawal suspended due to mainnet update on Binance, so it actually need an accumulation prepartion for it's parabolic move.
Next update from CEO and the whole dev on 16 June 2019. It's getting closer. Zilliqa has a lot of fanatic supporters. No doubt, this one will aging so well.
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TIPS: PATIENCE & PERSISTENCE ARE KEY TO SUCCESS
RISK WARNING: Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. I will make best efforts to bring profitable signals, but will not be responsible for your investment losses or profit.
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Zilliqa $ZIL forming H&S - VERY BULLISH!Zilliqa $ZIL has been trending downward over the last few weeks and looks to have found a bottom and is now forming a head and shoulder pattern. If this plays out then the pattern will be complete around June 7 and will be aiming to break out of the downtrend. The timing is perfect as Zilliqa smart contracts are introduced on June 10. Zilliqa also expected to announce partnerships on their Zilliqa Day celebration a few days later. Many reasons to be bullish on this one.
ZIL ready to magnet back to its previous POCZIL gearing up here to return back to its year-long POC support zone
If we can break up higher here it is very probable we return to retest that breakdown zone
Volume has returned massively today, which could be a sign for things to come
Also we see a strong rise in the MFI as well
Thanks guys!
WE HAVE BEEN WAITING YOU ZIL ?!!well its risky trade but due to lot of FA news on it .. seems its worth a try
lets buy between 200/230
stop below 200 if daily candle close below it ..and rebuy back if it broke at 120 sats !!
Targets on chart
Events :
Zilliqa (ZIL)
31 May 2019 (or earlier)
Smart Contracts Ann.
"We will enable smart contracts on the mainnet... and share updates on the official date during the latter half of May 2019."
30 June 2019 (or earlier)
Core Protocol Enhancement
"Zilliqa core protocol enhancements," released during Q2 2019.
30 September 2019 (or earlier)
Core Protocol Refactoring
30 September 2019 (or earlier)
Scilla Enhancements
Long Term investment up to 6 months
Good luck