Get started

Zilusdt

Lets get bullish on ZILLIQA and $ZIL, with Wave 5 underway!NOT FINANCIAL ADVICE Be warned that this post contains an extremely bullish count for $ZIL, unlike my previous post , which was counted with a hint of bearishness. Let's put aside that bearish possibility for a while, because in the macro trend $ZIL is bullish! As with most Elliot Wave studies, more confirmations received sometimes causes the counts to change ever so slightly and sometimes drastically. Let's take a look at this mid-late April dip: We witnessed one of the scariest dips ever seen in recent times, as the Wave 4 correction hit us hard and swift. Definitely shook plenty of weak hands, while reinforcing the diamond hands even further (which one are you?). Prices and sentiments quickly recovered, causing a truncated Wave C which then led us to.. Wave 5: A new impulse wave is born. Or it could be a leading wave 5 too! However, I am inclined to estimate a really good impulse Wave 5 climb here simply because the sentiments (mostly crypto twitter) that are riding on this final Wave are quite intoxicating. Couple that with these three exciting majorly huge projects expected to be launched this quarter: - migration to Mainnet V8 (faster block times = faster rewards!) - Pillar Protocol (more stablecoins shenanigans!) - PolyNetwork (bridges to other blockchains, such as Bitcoin, Ethereum, Binance Smart Chain and Cosmos, amongst many) Thirdly, google search trends for "Zilliqa" is at its highest ever -- and this to me, is the strongest signal for a huge upcoming Wave 5! But where are your price targets Googooboyy? As with all elliot wave studies (or any TA), it is best used to gauge the trend that we are in and tackling the magnitude of price action is a really tough call, best reserved for shamans and voodoo-mangeries.. But a simple fib based trend extension.. ..gives us a decent target of $0.30 in the near term. Very decent, very modest, just a simple prediction. And with that, I'll also leave you with a price target nugget ( link here ) by youtuber, Marc Scapelitte, via regression models, which also uncannily predicts a price top of $0.30 by May. Happy trading~
BINANCE:ZILUSD
by googooboyy
$ZIL is heading towards 2021's ATH with a hint of bearishness.NOT FINANCIAL ADVICE . Zilliqa's is uptrending, in a good way. From Mar 2020s all-time lows, we have had an insane trip breaking previous all-time highs. There's also a seemingly neverending list of projects and partnerships being announced every week these days. On Twittersphere, #ZilFam is growing fervently and the community is never bigger. The best news of all is that its ecosystem is barely a fraction of the biggest in the crypto-verse -- there is just so much potential. But all good things come to an end, at least for a short while. We are now going through a good corrective period in this macro supercycle bull run, where mid-April ATH signalled the top for Wave 1. A Wave 2 corrective trend, comprising of Corrective waves ABC, saw a healthy 55% drawdown 2 weeks ago, where it was one of the biggest dips since Covid19's reared its ugly head and spooked markets. Corrective Wave A have played out fully and we are now on a Wave B underway. While it may seem that price action might have turned the corner and started moving towards 2021's all-time highs and calls of $1 are being thrown about, I would err on the side of caution and examine these charts closer. This simple Ichimoku Cloud indicator introduces us that while $ZIL is in a bullish macro trend, it's not a super-strong one yet (price action above a thin, malnourished kumo cloud, chikou span is healthy and uptrending). With that in mind, we can digest this main post's idea that we could very well still be in a corrective trend. Our Target Price for this wave's move will be in the region of $0.232~$0.253, before we can expect a reversal into a downtrending Wave C. But is there a chance that price action will continue trending upwards and Wave B is invalidated, i.e we immediately transpose into an impulse supercycle Wave 3? Of course! The probability exists, but take a look at this selling pressure since the turn of 2021: MACD is uptrending, but it needs to increase further! Until confirmation of a Wave 3 plays out, I'll be happy to take the current uptrending wave with a pinch of salt -- and I've had to consume plenty of salt from my previous bearish calls, mind you! For your enjoyment, here's one of em 'bearish calls' that $ZILUSDT stomped on: Until next time, keep smiling =D
BINANCE:ZILUSD
by googooboyy
ZILUSD hunting ATHSimple analysis because that's the way we like it. Bullish signals: 1 - Double bottom formed 0.13 2 - Bullish pennant forming on 4h 3 - Above 50,100 & 200 MA/SMMA also Golden cross potential showing as MAs cross upside 4 - Climbing up the Fibonacci lines drawn from larger swing low-swing high, found comfort above 20 which is good minor fib support 5 - Fibonacci retrace on this mini bull run found comfort at 0.382 which is lovely retrace zone for support and growth 6 - potential extension at previous high
BINANCE:ZILUSDLong
by Money_Magnet_