$ZIL/USDT 90m (Binance Futures) Descending triangle breakoutZilliqa is looking ready for bullish continuation here, up-trend is held by 100EMA so far.
Current Price= 0.12892
Buy Entry= 0.13000 - 0.12570
Take Profit= 0.14808 | 0.17934 | 0.21775
Stop Loss= 0.11163
Risk/Reward= 1:1.25 | 1:3.17 | 1:5.54
Expected Profit= +15.82% | +40.27% | +70.32%
Possible Loss= -12.69%
Fib. Retracement= 0.786 | 1.272 | 1.764
Margin Leverage= 1x
Estimated Gain-time= 240h
Zilusdt
Zil/Usdt Possible targetsWarning: This is only my idea.
If you want to long zil/usdt based on my view, Do it with your risk management system.
Ok before we start we need to know these:
1- Zilliqa Daily time frame is on impulsive wave.
2- Zilliqa weekly time frame is Bullish.
3- We are in the bullish season of crypto market.
-As you can see we have a bullish flag in daily time frame and we had successful breakout. So price can rise up to 0.168$ based on flag's pole
-Right now Zil is experiencing impulsive wave so if we want to predict how far it can reach, We use trend based fib(Impulsive wave 1 and corrective wave 1 are used for trend based fib extension)
Let's see possible targets based on trend-based fib extension:
1- 0.16860
2- 0.18727
3- 0.21751
4- 0.26904
Also we had a good new about Zil which said EGW Capital is looking to invest another 20-25$ million in Zil Coins in the coming weeks.
Please note that all of these possible targets depend on if crypto market remain bullish.
$ZILUSD - Wait for a breakout confirmationHello everyone!
Zilliqa has formed a triangle and tested the Fibo 0.618 level of the previous impulse.
Highly recommend you to watch for a breakout and enter long, it might as well drop to test supports described on the chart which will be a confirmation of another bull run.
ZIL/USDT-good volume buildup.We've been in this accumulation zone for quite a while. Each time we run up to the resistance, it gets weaker, with this run being unique with respect to volume buildup when compared to previous runs. Will we sustain the breakout and confirm this line as resistance? fingers crossed!
ZIL/USDT Mid TermHello,
If Ziliqa stays above daily support, 1st buy zone is the last dips.
If daily support breaks than we have a new horizontal support line and there will be 2nd buy zone.
Daily closes below the horizontal support could be stop-loss.
1st target $0,90
2nd target $1,00
3rd target $1,43
Enjoy