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Zilusdt

$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_