ZIL daily chart has cooled off & could make another push upwardZIL (ZILLIQA) Daily Chart
The Breakout started when it closed
above the decending trendline. ZIL
then made a bullish move upward and blew
threw the Bull Market Support Band, which
is super bullish for this daily chart. It has now
broke past 4 major resistances and moving
toward All Time High at $0.25... Price Targets
Listed. The RSI is definitely getting
OVERSOLD neighborhood, So unless your
HODLing this Asset, be sure where you want to
take profits. As the RSI curls the bottom up
the price could make another move now...
Zilusdt
ZILLIQA (ZIL) short position ❌🧨Based on the chart, we can see sharp candles to the upside and again sharp candles to the downside, and we almost lose all Fibonacci levels of support for the price ✔️
and
before more gain, we can see brief correction to the downside, at least to $0.10 ❌🧨
if
we lose our support zone, we can see more correction ❌🧨
and if
the price stays above the support levels, then we can see more gain 🚀
Please, feel free to ask your question, write it in the comments below, and I will answer.🐋
ZIL/USDT - Momentum Shifts to the upside. ZIL has broken out of the decending triangle and is moving its way back upwards to the local resistance levels mapped out on the chart above. These resistance levels should be flipped to support as ZIL resumes trending up. Next target levels I am watching are listed below:
Local resistance levels I am watching:
0.13750
0.14872
0.15821
0.16684
0.17893
0.18324
0.19316
0.19748
0.20136
0.21172
We need to establish a weekly close above $0.13. The higher the weekly close above $0.13, the better.
Once flipping the last local resistance level and holding 0.22 cents with a close above 0.22, should give us the green light for a new ATH, and for Zilliqa to then enter price discovery where I expect we will reach the $0.30 level.
This is NFA, DYOR and Good luck to All!
This One made a PERFECT Structure!I'm looking around and trying to hunt whatever could make some $ for us, here is what we have for the starting of the day, #zil is one of my favorites as always I tried to hunt it down whether its #long or #short and its always has a reasonable reaction to the points!
Try to have full control of your positions and know how to manage the setups that you are making!
Zilliqa (ZIL) gotta love bullish math.I realize that ZIL may wobble a bit here and there over the next several hours, maybe a day or more. However, from the simple mathematical chart that I've thrown together here, I think we could be in for a good rise if we can just push past that heavy resistance level at about ~T0.1375.
I've assembled this chart to try and be a simple as possible when conveying mathematical charting. There is obviously more that goes into this, however for right now-- this rule of thirds is always something to look for when on an hourly/4hour resolution. More to come on my channel.
I feel that ZIL, ETH and many other tokens are currently VASTLY undervalued. Bottom, basement prices. Like I said...
Patterns, baby.
♠️🤫🐿
ZIL/USDT - Upcoming Reversal ZIL has pulled back and is in a sharp descending triangle. I would wait to see the breakout of the the top of the triangle resistance and confirm the retest the top line as support before putting in a long position.
This is not Financial Advice. This is simply an idea of chart patten recognition I will be using to compare in the future. Do your own research and practice proper risk management. Good luck to all.
More information of descending triangles:
www.investopedia.com
Zil overall, my quick analysis.Zil has entered the bear market. If Zil wants to be on track again
this token needs to stay on top of a purple dash line. Otherwise, it will sideway down
to retest the last support.
At the moment, for me, it is not very interesting to buy. Should wait for the market to push it back above purple
dash line.