Zilliqausd
ZILUSDT formed BAT | Upto 20.5% move expectedHi friends hope you are well, and welcome to the new update on Zilliqa coin.
On 4-hour chart, the price action of the ZIL has completed the final leg of bullish BAT and entered in potential reversal zone.
Buying and sell ranges:
The buying zone starts from 0.786 to 0.886 Fibonacci levels, and the sell zone can be the Fibonacci projection between 0.382 to 0.786 .
Stop loss:
The maximum extent of potential reversal zone at 0.886 Fib level can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 160%, and the loss possibility is 20.5% and the loss possibility is only 3%
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
ZILUSDT another breakout expectedHi friends, hope you are well and welcome to the new update on the Zilliqa coin.
In the previous article, we have seen that the price action of Zilliqa found a weak bearish an then bullish cloud resistance of Ichimoku cloud on weekly chart. Therefore, there was a strong possibility for a big breakout. Finally, the price action turned strong bullish and produced more than 215% rally in US dollar market and 185% in Bitcoin market.
The price action is at EMA supports:
Now on the daily chart, the price action of Zilliqa coin is at the exponential moving averages with the time period of 10 and 21 supports. The priceline is using these EMAs as supports very well after Sep 2020.
The simple moving averages:
On the same daily chart, the simple moving averages 25, 50, 100 and, 200 have formed a complete opened alligator mouth, as we have the smallest simple moving average is above all and the biggest time period simple moving average is below the rest of the SMAs. So we can expect that this bullish rally won’t be ended unless this alligator’s mouth won’t be closed.
Different supports and resistance levels and rejection:
The price action has first crossed the $0.05 then $0.07 resistance levels and now rejected by the $0.09 resistance. At the moment, the candlesticks of Zilliqa’s priceline are using the previous resistance $0.07 as support.
The formation of the down channel:
On a small time period 4-hour chart, the price action of Zil coin has formed a down channel and likely to take bounce from this support. There is also 100 simple moving average at the support of this channel that will be helpful for the price action to take bounce from this level. The volume profile is also showing less interest of traders below the support of channel and high interest above the resistance. The point of control (POC) of the volume profile is also above the resistance therefore, there are strong chances for the breakout.
Conclusion:
Even though, the price action of Zilliqa has very powerful supports of $0.07 price level and the support of channel and 100 simple moving average as well. However, the support of this channel should be used as stop loss to minimize the risk factor, this advice is for the day traders of Zilliqa.
Quick ZIL/USDT on BInance TAseems to be headed for another brief accumulation period with a possible retest at the red circle. would be very brief if that happens with this sort of positive momentum behind it. the 33 MA closing in on that intersection as well gives that spot some extremely strong support despite being in uncharted territory. this run has legs and in my opinion, another good period for pickup is happening
4hours ago $ZIL broke YTD ATH's resistance & it's not too late..We are on a Minor Wave (3) of an Intermediate Wave ((3)) of a Primary Wave III.
3rd Waves are usually where the biggest moves occur, and if we are to believe this theory, then we might actually blow off the rooftop!
Before today, the All-Time-Highs for Year-To-Date has been $0.03 and it was triumphantly broken out of, to zero chagrins of $ZIL hodlers out there.
After today? Lambo.
Zilliqa coming out of in Cup and Handle Pattern!Hey, I am back with another idea, I did not wanted to post another Crypto idea today, but why not! This is a too good opportunity for you guys to miss out.
Okay, so bassicaly Zilliqa is in strong Cup and handle pattern and is about to break out of the handle, awaiting at least 20% move!
Daily uptrend, higher lows and etc. it's bullish in the TA section.
So that's it really from this analysis, if you would like more similar analysis, let me know by dropping that Agree button haha,
Cheers,
Tibor
ZILLIQA / TETHERUS (ZilUsdt) my short-term work.I determined 3 trend lines. I will especially focus on the second trend line.
My target is to move the gfrafik between the first and second trend lines. It is not difficult to break the resistance of 0.01296 if it falls between these two trend lines. My target zone is between 0,01296 and 0,01462.
In short, everything depends on not breaking the second trendline down.
Ps: It should not be forgotten that there is a mainnet between the 1st and 3rd of June.
It is my personal work. It is not investment advice.
It is a special work for Dündar. =))
ZIL/USD- Breakout, Now RetestingThe strong social media campaign for ZILLIQA lately has been pushing some extreme gains and the retrace has been pretty consistent for the past 3 days as many take profits or withdraw their positions against BTC while it runs Bullish.
3 Days of descending trend line saw a break out yesterday and it looks to have retraced now to retest for support. RSI, MACD look solid. 10% initial Target.
ZILZIL showed growth for the last 7 days, from 0.02 to almost 0.023 as for now.
The rise could be influenced by the fact that crypto research platform Messari has announced the addition of Zilliqa to their crypto analysis platform. It helps to increase the awareness of the coin and possibly serves to attract more investors.
As for today, ZIL is more than 3% up to USD within 24h hour period and almost 1,5% up to BTC.