Zilusdt
ZIL/BTC (Potential bottom?: up to 30% profit)ZIL/BTC
ZIL may have found the same support at 47 sats area which was also the previous consolidation area last Jan 2020 trading action.
If ZIL can break outside the downward trendline resistance, we could expect more upside scenarios up to the 80 sats region.
And place our stop-loss below 56 sats.
ZIL/BTC TA Update (Bulls are back?)ZIL/BTC
Zilliqa is starting to make a move again, it is visible as the candle yesterday closed Bullish.
The fact it has been trading above 50 & 100 Day MAs, short term momentum is to the up.
If ZIL can break above 82 sats, expect the price to continue strong to the upside.
ZILUSD - Minimal Chart AnalysisHey guys!
Looks like another ALT that has some some space to move is ZIL / Zilliqa. We have:
Massive RSI Divergence
Smaller RSI Divergence
Huge Falling wedge (ABCDE on the chart)
Double Bottom
I want to keep my analysis with as few indicators as possible. Too many indicators were confusing me in past times.
Happy trading!
ZILUSDTZILUSDT
if you apply the smma 200 you will notice that is already touching the red line of the down trend channel, so if the price remains above the smma 7 and smma 200 and still withing the small uptrend channel, We Will have a big chance to hit the target area, if the price goes does into the sideways channel (dotted yellow lines), then the price will drop to the base line where deppending of the STORSI may go up again; remember that this is related to the BTC price as well, so You need to pay attention the BTC market. to take the best action possible.