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Zilusd

ZILUSDT - Bullish bias for the midtermTECHNICAL ANALYSIS: Cup and handle formation on the weekly timeframe. This could lead to a bullish breakthrough of immediate resistances and might shoot up to 05c in the midterm. Time will tell how much further it could possibly go. Global support at around 016c, which thankfully hasn't been breached yet when BTC made it's moves. Timeframe given on the chart is for reference and may not be accurate, it could stretch a little while longer to reach the potential targets Setup will be invalidated when: - Global Support is lost - BTC makes any major move - Fails to break resistance after handle formation DISCLAIMER: This is a noob idea, I am nowhere close to an advisor. Please DYOR and DD. You are responsible for your own profit or loss, I may also have been inaccurate in plotting support and resistance lines.
by CryptoAltsPlankton
3
Ziliqa at risk of 40% drop reveals new weekly candleThe weekly candle close was brutal. After an indecision candle 2 weeks ago which pierced resistance and then closed below... ...then last weeks candle a steep red... ...and MACD trending down... ...given the meteoric rise we've seen in ZILUSD the past few months... ...it makes sense that Ziliqa may have to drop all the way down to find support, perhaps at the 0.011 level. A 40% drop from current price. This is more likely to happen if BTCUSD does not somehow manage to quickly break it's consolidation range to move upwards, which as usual would probably bring the rest of the market up with it, including Zil. Bottom line, traders are likely to be taking profit and looking for a cheaper entry position on Zil.
BINANCE:ZILUSDShort
by Sparkster
1
ZIL/USD- Surely time to head North this week?Condolences to those that have ridden ZIL from the top on this 16 day retrace. But.... Thoughts are that a turn around is in the cards within the next week or so. Buyers seem more cautious over the last fortnight and the continued retrace has echoed through a lot of our favored ALT's. I think we'll find some resistance on the way back up but entry on the break or support levels now seems more appealing due to the lengthy retrace. There's certainly room for a further dip before a change in the trend but indicators look appealing for a reversal this week. I'd be keeping on eye on this project over the coming days. As always, not financial advice, just my thoughts and TA. Thoughts and feedback welcomed. Bingaz
BINANCE:ZILUSDLong
by Bingaz
8