Zilusd
ZIL/USDT- You saw it here first!An update to the chart that was released on the 30Th of December showing how Zilliqa had entered its next stage in accumulation. Thirty days and what seems like a rollercoaster after, turns out that the chart is just playing out the way its supposed to. Lot of new hands bought at the previous local top and have now been forced out of their position. Black swan to invalidate ongoing bull market? only time will tell!
ZIL slow but sureElliot wave ABCDE Corrective Symmetrical triangle formation completed. looking for 10 cent test at previous high.
Watching which channel it finds comfort in, looking for 10cent either way from here, but cannot be certain on duration until we see a channel decision.
Just a salmon, no real fortune teller.
💡Don't miss the great buy opportunity in ZILUSDTTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.06480).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. Zilliqa/TetherUS is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 55.
Take Profits:
TP1= @ 0.07500
TP2= @ 0.08130
TP3= @ 0.09070
TP4= @ 0.10000
TP5= @ 0.11330
TP6= @ 0.13000
SL= Break below S2
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💡Don't miss the great buy opportunity in ZILUSDTTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.06480).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. Zilliqa/TetherUS is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 55.
Take Profits:
TP1= @ 0.07500
TP2= @ 0.08130
TP3= @ 0.09070
TP4= @ 0.10000
TP5= @ 0.11330
TP6= @ 0.13000
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 ❤️
$ZIL - 30% Push on the cardsAnother DeFi coin associated with 5-7% APY staking
Specialising in transforming digital infrastructure and enterprise across the globe
The fundamentals look good, and the chart looks good
Within a big range, we have a pennant pattern which a break to the top could definitely see us reach the first target highlighted
As always I will be waiting for confirmation, not trynna gamble
Lets see....
ZILUSDT Are you still bullish ? Zilliqa daily chart. Testing EMA 50.
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and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
ZILUSDT (ZILLIQA) - POSSIBLE PRICE ACTIONSANALYSIS 🔎
- ZILUSDT is consolidating in a symmetrical triangle pattern .
- A relatively big move is imminent.
- There's a breakout potential.
POSSIBLE PRICE ACTIONS
- Uptrend ⬆️: breakout above the symmetrical triangle's inclined resistance.
- Downtrend ⬇️: breakdown below the symmetrical triangle's inclined support.
TARGETS 🎯
- Uptrend ⬆️: Horizontal resistance levels (R1, R2).
- Downtrend ⬇️: Horizontal support levels (S1, S2)
ZILBTC has confirmed a big breakoutBull flag and down channel:
On daily time frame chart, the price action of Zilliqa has formed a bull flag. This flag is in fact a down channel. Within this channel the price action has broken down the daily EMA 10 and 21 but having bounce from the support of channel. The volume is also decreased.
SMAs on daily chart.
On daily chart, the price action of Zil has broken down the 25 SMA and having good support of 50 simple moving average. The 50 SMA is at the same level where we have the support of the down channel.
EMAs on weekly chart.
On the weekly time period chart, the price action is testing exponential moving average 10 as a support.
Break out the down channel:
Now if we switch to the Zilliqa with Bitcoin pair, then on long-term weekly chart, it can be seen that the price action has broken out the down channel and after re-testing now the price action is likely to move up. It is quite good confirmation of a firm break out.
Conclusion:
On daily chart, the price action is behaving like a bull flag and in Bitcoin market it has broken out the big channel on long-term. Therefore it can be possible that now the priceline of Zilliqa will start a major move to the upside from here.
ZILLIQA WEEKLY CHARTSIn the weekly chart we see how a turning pattern marked by a semicircle has been formed. We see that the price breaks through the resistance area with a lot of volume and today the price is forming a bullish flag, indicating that a continuation pattern is likely. We see in more detail how we could take advantage of the movement in the daily chart.
Zil/Usdt- Broken out of downtrend, Established support.Zilliqa has managed to push through the upper limit of the downtrend channel. Seems to be holding its own against a bleeding bitcoin. Investors are keenly looking forward to tomorrow where an announcement which will most probably provide an official elucidation on Zil/HGX dynamic will be made. All eyes on -
1) The upper limit staying as support.
2) Major resistance is at 0.80$
Feeling Tipsy?:P
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All tips welcome!