Zilliqa
$ZIL, Showing some signs of accumulation above ~230 sats$ZIL
Showing some signs of accumulation above ~230 sats
For now UCTS remains quiet on the 1D & volume is not doing much but worth setting some alerts just in case it catches up..
Usually movements on asset are quite vertical once it starts
Will update if I see changes👍
#ZIL
$ZIL is next after VechainZilliqa following VET chart
Different coins take charge at various stages. Money will flow into coins that are lagging eventually. Currently ZIL is following a similar pattern to VET.
Zilliqa is the world's first public blockchain built entirely on a sharded architecture. Sharding is a database separating technique that allows scaling.
Market cap of 1.4Bn and fully diluted market cap of $2.7Bn with a ranking of #55. Deserves to be in the top 25 atleast.
Circulating supply of 11bn and max supply of 21Bn(just like BTC)
+Strong fundamentals--> Addresses scalability, security and decentralisation
+Great staking rewards--> gets rewarded governance tokens gZIL on moonlet
+Fastest TPS among ADA,BTC,LTC
+ Updates = PolyNetwork Bridge Live (ETH bridge) expect price volatility 1-2 days before the event
+ Github --> Regular updates
+ Team = Well known engineers, academics and entrepreneurs
🆓Zilliqa/USDT Analysis (8/3) #ZIL $ZILZIL is on the way to retest the 0.1$ zone and I think there is a buying force at that zone to push ZIL up to conquer the 0.13$ and move up to 0.18$ zone and even 0.26$ zone
📅EVENTS
👉Mar 31 : PolyNetwork Bridge Live
📈BUY
-Buy: 0.0975-0.1025$ if A. SL if B
-Buy: 0.127-0.133$ if A
📉SELL
-Sell: 0.175-0.185$. SL if A
-Sell: 0.255-0.265$. SL if A
♻️BACK-UP
-Sell: 0.0975-0.1025$ if B. SL if A
-Buy: 0.078-0.082$. SL if B
-Sell: 0.078-0.082$ if B. SL if A
-Buy: 0.048-0.052$. SL if B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
Make It Rain ZIL/BTC #ZilliqaCommunity #ZIL $ZILHere we see our weekly ZIL BTC chart from Kucoin with that big pink Ichimoku cloud on it . As you can see we have closed weekly candles inside this cloud since the start of the year . This is extremely bullish in my opinion because once a coin enters into the weekly Ichimoku cloud it is almost certainly going to continue up to the top of that cloud and probably eventually break though it ( and maybe continue upside from there . ) Now you see that red line on my chart ? That's an area of big resistance on the weekly chart near 713 . It's also right above the .236 fib line. So this seems like a near term target for Zil .But obviously having broken through the cloud at that point it would be bullish for more upside. Potential targets above that would be our fibs at
1067 - that's our .382 fib
1376 - that's our .5 fib
1684 - that'sour .618 fib
1915 - that's our .706 fib
obviously Zil can continue higher after that too, but let's see ! Also thank you to any Zilliqa Community members who see this .
💡Don't miss the great buy opportunity in ZILUSD @zilliqaTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.092950).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDTRY is in a range bound and the resumption of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 45.52.
Take Profits:
TP1= @ 0.12639700
TP2= @ 0.14416700
TP3= @ 0.16153600
TP4= @ 0.18369900
SL= Break below S2
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💡Don't miss the great buy opportunity in ZILUSD @zilliqaTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.092950).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDTRY is in a range bound, and the resumption of uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 45.52.
Take Profits:
TP1= @ 0.12639700
TP2= @ 0.14416700
TP3= @ 0.16153600
TP4= @ 0.18369900
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment. Let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Who wants to be a $Zillionaire? Let's explore the dip!Foremost, this is a study piece that employs Elliot Wave analysis to anticipate $ZIL's trajectory in the near term. This is NOT FINANCIAL ADVICE .
We begin by acknowledging that $ZIL is currently on its own Super Cycle, beginning from 2020's nadir in March:
Corrective Wave (II) underway, at the Super Cycle degree.
This is quite the achievement for this nascent protocol with burgeoning roots within the global crypto community, so kudos to all you Zilliqans out there.
💎 🙌 though, because a ~61.8% retracement can be expected in the midterm -- dayum these second waves!
$ZIL's second wave is notably lengthy and boring, as evident by Jun 2020 to Sep 2020 consolidation period, where price retraced ~61.8%:
Corrective Waves ((A)), ((B)) and ((C)) playing out over a roughly 3.5 months at the Primary Cycle degree.
With that in mind, expect a low-key few weeks ahead, as $ZIL enters a consolidation period.
While the next Impulse Wave (III) at the Super Cycle degree is highly anticipated and desired, it probably won't happen until May/Jun of 2021.
We will have to contend with going through the motions of a midterm bearish trend for now:
Corrective Wave B underway, at the Cycle degree.
If we are to consider Corrective Wave A (appearing as a leading diagonal) to have completed after touching $0.081, then we can apply the usual retracement for a Corrective Wave B, which is between 32.8% to 78.6%, with a target price of $0.14.
However, there is also the low possibility that this Corrective Wave A has not yet completed its move, which turns it from a leading diagonal into an impulse wave instead, with a target price of $0.064 -- but we will put aside this theory, until more confirmation appears.
Either way, anticipating that we are in a dip, acknowledging that it will be a strong and long dip, and having the guts to endure ( and also buy ) the dip..
..will be key to becoming a $Zillionaire!
ZILUSD Ready For A Quick 60% PumpZILUSD is looking very bullish on 1H-4H TF.
Current price action showing a symmetrical triangle being formed with a very high probability of breaking out upwards.
Note how the highest candle corresponds to very high volume and that volume began to lower since that big move.
This indicates that majority is still bullish and you can expect a high pump of somewhat the same size as the leg up which was 117%.
Personally I'd like to see a breakout backed by a sudden high amount of volume and this could be a quick and big play.
It's basically the same price action for the most altcoins at the moment so alot of altcoins like VETUSD are making the same patterns.
From my perspective, it's just a matter of market cap size and the previous leg of a pattern that decides and more accurately predicts how high the next move up would be.
Target: my Price Target is around 0.22 USD and I estimate it to be hit 3-7 days after breakout.
May easily hit 0.25-26 USD depending on further price action.
It's also an interesting project for being a rank 53 crypto . Zilliqa is one of the fewer networks whose ecosystem is (partially) based on Byzantine Fault Tolerance as consesus protocol with a very high amount of TPS: Zilliqa compared .