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Zilliqa

ZIL/USDT Technical Analysis:ZIL/USDT Technical Analysis: Will the Zilliqa Network Upgrade and Hard Fork Lead to a Price Dump? ZIL, the native token of the Zilliqa blockchain network, is currently trading at $0.033. As per the chart, a double top pattern has formed, and the price has already been rejected from it. This suggests a potential downside move in the near future. Furthermore, the Zilliqa network upgrade and hard fork are scheduled to take place on 25/04/2023, which may cause the price of ZIL to dump. This is a common phenomenon in the cryptocurrency market where traders tend to buy the rumors and sell the news. In this article, we will analyze the technical indicators and news regarding ZIL to understand whether it is a good time to buy or sell ZIL. Technical Analysis of ZIL/USDT As per the chart, ZIL has formed a double top pattern, which is a bearish reversal pattern. The price has been rejected from the resistance level, and the next support level is at $0.030. If the price breaks below this level, it may fall to $0.027 and $0.025, respectively. The Relative Strength Index (RSI) is currently at 45, which indicates a neutral zone. If the RSI falls below 30, it may suggest an oversold condition and a potential buying opportunity. The Moving Average Convergence Divergence (MACD) is also in a bearish zone, and the histogram is showing a negative trend. This suggests that the bears may be in control of the market. ZIL Network Upgrade and Hard Fork The Zilliqa network is scheduled to undergo a major upgrade and hard fork on 25/04/2023. This upgrade aims to improve the performance, security, and decentralization of the network. However, such upgrades and hard forks often result in a price dump as traders tend to sell off their holdings after the event. Takeaways Based on the technical analysis and news, here are the key takeaways for ZIL/USDT: ZIL has formed a double top pattern, suggesting a potential downside move. The next support level for ZIL is at $0.030, followed by $0.027 and $0.025. The RSI is neutral, while the MACD is in a bearish zone. The Zilliqa network upgrade and hard fork on 25/04/2023 may lead to a price dump. Conclusion In conclusion, the technical indicators and news suggest that the price of ZIL may experience a downward trend in the near future. Traders should be cautious and consider selling their holdings if the price falls below the next support level of $0.030. However, it is important to conduct thorough research and analysis before making any investment decisions. As always, this is not financial advice and readers should seek the advice of a professional financial advisor before investing in any cryptocurrencies. Follow us for More Quality Content. Thank you.
Short
by CryptoPatel
3
ZILUSD Break-out and pull-back buy levelsZilliqa (ZILUSD) is trading within two Channel Up patterns, supported by both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line). With the 1D RSI breaking above its Lower Highs trend-line, the trend is slightly more bullish now and it is more probable to break above Resistance 1 (0.03675) than pull-back to its bottom. If we close a 1D candle above it, we will buy the break-out and target 0.04250. If instead the price pulls back to the Channel's bottom, we will buy on the 1D MA200 and then target long-term 0.04500. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:ZILUSDLong
by TradingShot
1
ZIL/USDT TRADE SETUP! 60% PROFIT POTENTIAL!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. If you follow me then you must make some good money in the past few days. If you are reading my post for the first time then I tell you, I have shared many Alts like ARB (50% UP), BNX 30% UP), HOOK (50% UP), EGLD (15% UP), SAND (15% UP), and many more. You can check all these setups in my profile. Remember this is just the start of the Altseason so do not Fomo As I said this is Altseason not an Alt day so we get more and more opportunities in the upcoming months. Here is our new setup. Welcome to this ZIL/USDT trade setup. ZIL looks good here. Breaks out from the cup and handle pattern and currently retesting the neckline. Also, they will launch EVM Compatibility next week. So I'm expecting a good pump from ZIL in the next few days. Buy some here and add more in the dip. Target1:- $0.036 Target2:- $0.040 Target3:- $0.044 Target4:- $0.050 SL:- $0.0295 (Do not trade without SL) Buy on spot or you can use low leverage with strict SL. If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Long
by CoreCrypto1
8
Crypto ZILUSD (The UPtrend is intact) View On ZILUSD (18 Apr 2023) ZIL is in * Slightly Bullish in short term (Intraweek) * Slightly Bullish in Mid term (1 to 3 months) * Bullish in Long term (3 months onward) ZIL is in the decent UPtrend and we have ample of support of nearby. Good supports are 0.028 and 0.022 will be good supports. Sooner or later, it shall go UP further. 0.036 will be the next good resistant. DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE" "Comment". Thank You! Legal Risk Disclosure: Trading crypto, foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
Long
by SonicDeejay
ZIL Ascending Triangle Above TRAMAZil/USDT Create Ascending Triangle on Binance 4h Chart pattern above the Trama Ascending Triangle The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. There are instances when ascending triangles form as reversal patterns at the end of a downtrend, but they are typically continuation patterns. Regardless of where they form, ascending triangles are bullish patterns that indicate accumulation. Because of its shape, the pattern can also be referred to as a right-angle triangle. Two or more equal highs form a horizontal line at the top. Two or more rising troughs form an ascending trend line that converges on the horizontal line as it rises. If both lines were extended right, the ascending trend line could act as the hypotenuse of a right triangle. If a perpendicular line were drawn extending down from the left end of the horizontal line, a right triangle would form.
Long
by BabarLaghari