HODL Long ZILObviously ZIL took a bit hit here. BUT I think we could be seeing some upside soon. Indeed, MacD seems to wanna come green soon, RSI levels are still great for a buy, I see a slight divergence between RSI and price action.
It seems like a huge longer term W double bottom pattern for the big picture and we might see a smaller W formation playing right now. These levels need to hold and we need to come back above MA's.
Also with XCAD and OKI and other projects coming to $ZIL ecosystem, I think a pump is imminent.
Zilliqa
ZILUSDT (Zilliqa) : 10.DEC.2021 (HODL)Examining the #ZIL , we see that the price has reached a strong support range and is one of the lowest risk cryptocurrencies on the market for investment. I suggest you have a personal review on it for buying and invest and if you already have it, I suggest you to keep it (HODL) .
ZIL Price Live Data
The live Zilliqa price today is $0.067864 USD with a 24-hour trading volume of $60,940,230 USD. We update our ZIL to USD price in real-time. Zilliqa is down 2.99% in the last 24 hours. The current CoinMarketCap ranking is #107, with a live market cap of $822,022,607 USD. It has a circulating supply of 12,112,804,352 ZIL coins and a max. supply of 21,000,000,000 ZIL coins.
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👤 Arman Shaban : @ArmanShabanTrading
📅 10.DEC.2021
⚠️(DYOR)
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ZIL/USDT - comeback to the original triangle Today, Zilliqa broke from its downtrend, which is a positive thing. I had already closed the position because I do not long/ short supports and resistance. After coming back to the original triangle formation, I will try to open long with a low entry point. I didn´t see any big news from this project, so we will see. ZIL/BTC looking great as well .
💡Don't miss the great buy opportunity in ZILUSD @zilliqaTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.08564).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ZILUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 64.
Take Profits:
TP1= @ 0.09883
TP2= @ 0.10825
TP3= @ 0.11567
TP4= @ 0.12434
TP5= @ 0.13658
SL= Break below S2
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ZILUSD IdeaAn idea suggesting a big moonshot for ZIL
This is based on the previous move to ((2) in green)
A large ascending broadening wedge can be plotted if this bars pattern is placed this way
The placed pattern up is very very speculative, but it really does look bullish above this level
Always make your own assessment. Personal judgement on charts wins every time.
Zil 10x potential and my two centsHello Traders,
As you may or may not know, historically, during a bull run, the second half of the run is full of euphoria, fomo buying and for some poor souls, a forced long term investment scenario. I do firmly believe this will repeat itself this run as well albeit, this run.... there will be institutional fomo as well. As simple as it may sound, your #1 rule to investing should always and forever be " BUY LOW SELL HIGH" . Equally, it is important to understand the sentiment of the market as well when trading as one thing that should always ring true on your journey to profits is for you to make money, someone else has to lose money. That being said, keeping a cool head and gaging the market by checking the sentiment online, maybe create a poll in a group, just read through comments and look for people's excitement level to be abnormally high... or my favorite, is to check the BTC Fear and Greed index here via this link
alternative.me to utilize as just another tool on the path to building success being a trader. All in all you need to find what works for you and what you grasp the best while keeping a trading journal to keep track of trades to later grow upon. Idk about you but, I am extremely thankful, to have TradingView as a medium to assist in my success along the way as there is not much on this platform that they have missed for you to access. Anyway, I just wanted to give you all a nice trade along with some words of wisdom for this second half of the run in other words known as the "Super Cycle" that have helped me in prior runs and now, may hopefully help you too!
For this trade I have set up a few targets based on a few tools and technical patterns in which I have identified on this Zilliqa chart. The first being that if you zoom out to the weekly time frame here you will see that ZIL has been in a very bullish pattern starting from when this token was released... Almost as if it was in accumulation this whole time just gearing up for this specific run! Ironic right? It is almost like mass adoption is just around the corner... Do you smell it in the air? It smells nice doesn't it! Lol, I have added a few resistance levels for you guys to keep an eye on over the next few days to the next few weeks as well. The first two targets are based on the ascending triangle and a symmetrical triangle as shown in the chart. The third is based on the cup and handle formation of the accumulation since this coins ICO, the forth from the 1.5-1.618 fib area and last but not least we have the euphoria target which would get you a hefty 10x! Something us in crypto are pretty accustom to now lol. I do think that it is possible we could go up past this target as well creating even more gains for your portfollio... that we will have to see!
I hop you enjoyed this write up and if so, I would greatly appreciate you spreading the love by leaving a comment and a like to show me exactly that!
As always. I have gathered some information down below regarding the fundamentals of this coin and where you might be able to purchase it at.
Have a green week,
Savvy
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Fundamental Analysis
ZIL Price Live Data
The live Zilliqa price today is $0.113566 USD with a 24-hour trading volume of $128,967,717 USD. We update our ZIL to USD price in real-time. Zilliqa is up 2.21% in the last 24 hours. The current CoinMarketCap ranking is #87, with a live market cap of $1,356,994,609 USD. It has a circulating supply of 11,948,960,371 ZIL coins and a max. supply of 21,000,000,000 ZIL coins.
If you would like to know where to buy Zilliqa, the top exchanges for trading in Zilliqa are currently Binance, BKEX, Mandala Exchange, OKEx, and FTX. You can find others listed on our crypto exchanges page.
What Is Zilliqa (ZIL)?
Zilliqa is a public, permissionless blockchain that is designed to offer high throughput with the ability to complete thousands of transactions per second. It seeks to solve the issue of blockchain scalability and speed by employing sharding as a second-layer scaling solution. The platform is home to many decentralized applications, and as of October 2020, it also allows for staking and yield farming.
Development work officially started on Zilliqa in June 2017, and its testnet went live in March 2018. A little over a year later, in June 2019, the platform launched its mainnet.
The native utility token of Zilliqa, ZIL, is used to process transactions on the network and execute smart contracts.
Who Are the Founders of Zilliqa?
Zilliqa was first conceived by Prateek Saxena, an assistant professor at the National University of Singapore School of Computing. Saxena and several students in the School of Computing published a paper in 2016 that outlined how a sharding-focused blockchain could improve network efficiency and speed.
Around the same time, Saxena co-founded Anquan Capital alongside Max Kantelia, a lifelong finance and tech entrepreneur, and Juzar Motiwalla, former president of the Singapore Computer Society. The company incorporated Zilliqa Research in June 2017 to develop the Zilliqa network, bringing on Dong Xinshu as its CEO, Yaoqi Jia as its chief technology officer and Amrit Kumar as its chief scientific officer. All three previously worked as research fellows at the NUS School of Computing.
What Makes Zilliqa Unique?
Zilliqa claims to be the world's first public blockchain to rely entirely on a sharded network. This allows it to achieve high throughput and a high rate of transactions per second, which it says solves the scalability issue. Because each shard processes transactions individually, as the network grows and the number of shards increases, the number of transactions that can be processed per second also increases. As well, records are immediately added to the Zilliqa blockchain after being processed, meaning that no additional time for confirmation is required.
Zilliqa seeks to become the blockchain of choice for large-scale enterprise use, including among the advertising, gaming, entertainment and financial services and payments industries. In its 2018 position paper, its team states that the platform "aims to rival traditional centralized payment methods such as VISA and MasterCard."
Both Anquan Capital and Zilliqa Research, the company responsible for developing Zilliqa, hold significant reserves of ZIL.
As of 2021, the Zilliqa network is an active network that runs over millions of transactions each month. The blockchain has also been constantly scaling, going from averaging over 900 blocks produced a day when its main net launched to presently producing over 2500 blocks a day.
How Many Zilliqa (ZIL) Coins Are There in Circulation?
Zilliqa has a fixed maximum supply of 21 billion tokens. ZIL was first made available for sale as an ERC-20 token as a part of a token generation event that concluded in January 2018. The tokens were subsequently transferred to the Zilliqa mainnet in a token-swap event that concluded in February 2020.
Before launching, Zilliqa generated 60% of all tokens (12.6 billion ZIL) to be distributed at the token generation event, and the remaining 40% (8.4 billion ZIL) will be created through the mining process. Ten percent of all tokens (2.1 billion ZIL) were reserved for Anquan Capital, 12% (2.52 billion ZIL) for Zilliqa Research, and 5% for contemporary and future Zilliqa team members — all of which were announced to be distributed quarterly over a three-year period.
Zilliqa is designed such that all tokens will be mined within 10 years, with the block mining reward slowly decreasing. According to its whitepaper, the project aims to have 80% of the tokens (16.8 billion ZIL) mined within the first four years and 20% (4.2 billion ZIL) in the remaining six years.
How Is the Zilliqa Network Secured?
The Zilliqa network is secured through a practical Byzantine Fault Tolerance, or pBFT, consensus protocol, meaning that at least two-thirds of all nodes must agree that a record is accurate in order for it to be added to the blockchain. Each Zilliqa blockchain shard relies on a group of nodes to confirm a subsection of all the transactions, and once each shard has reached a consensus, a second group of nodes confirms the shards' collective results and adds a new block to the blockchain.
The network uses elliptic-curve cryptography to secure its consensus protocol and allows for multisignatures. In addition to the pBFT consensus protocol that secures its transaction records, Zilliqa also uses a proof-of-work algorithm to assign node identities and generate shards.
Zilliqa developed a new language, Scilla, for its smart contracts. Short for Smart Contract Intermediate-Level Language, Scilla is a safety-focused language intended to automatically identify and eliminate security vulnerabilities at the language-level and make it easier to formally verify the safety of smart contracts through mathematical proofs.
Where Can You Buy Zilliqa (ZIL)?
Zilliqa's native token, ZIL, is listed on several major cryptocurrency exchanges — including Binance, Huobi, Bitfinex and Bithumb — where it is available to be traded against fiat currencies, stablecoins and other cryptocurrencies.
Short term long idea before red moonI think $zil might get a short leg up that could break its big triangle on the daily/weekly chart before retesting and taking off again for longer term as well. Seems to have a divergence on RSI and the 20 MA seems to want to come back up to cross the 50 MA and it is approaching the end of the triangle so it is a coin to watch!
Zilliqa (ZILUSD) has to decide - OBV breakout aheadZilliqa is at a critical point if it want´s to participate in the rest of the bull market.
If the OBV can not breakout above the red resistance trend channel... the support below is to close.
It is getting exciting ;-)
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*no financial advice
do your own research before investing