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ZILUSD trade ideas

Thought Exercise: $ZIL Elliot Wave forecast for Apr to Jul 2021.NOT FINANCIAL ADVICE. Wouldn't it be fun if we could just go wild with our $ZIL price predictions? For this thought exercise I wouldn't bore you with the details of fib retracements, extensions and motive/corrective waves considerations that were employed here. THE FORECAST So I wanted to have some fun at predicting the price action for $ZIL in the next few months and here's what I project: Apr: $0.135 (lows) ~ $0.329 (highs) May: $0.251 (lows) ~ $0.548 (highs) Jun: $0.321 (lows) ~$0.431 (highs) Jul: $0.422 (lows) ~ $0.682 (highs) WHY SO OPTIMISTIC? Good question. Well.. • Poly Network (ZIL-ETH-NEO bridge, bUSD, interoperability) • Pillar Protocol (a stablecoin issuer) • Red Chillies (a betting DApp) • SocialPay 2.0 • $5M Zilhive Grant • Zilliqa Capital (for even more funding support) • L2 developments • Sharding improvements • A proposed Virtual Machine environment for smart contracts ** will probably keep adding to this list as I remember or get more info..
BINANCE:ZILUSD
by googooboyy
2
Is $ZIL really in a Corrective trend or an extended 5th Wave?NOT FINANCIAL ADVICE In this previous chart (shared below), I anticipated that if $ZIL broke $0.19 resistance, that we might be in a 'fake' correction -- and it turned out so, as price action carried the momentum towards an extended fifth wave: So the recent pullback actions (mid-Feb to early-Mar) were not sustained enough nor strong enough to warrant a full correction taking place, so we're left desiring for a bigger pullback this time round -- if only for us to launch towards an even bigger, stronger and more impressive bull run to break previous ATH of $0.23. With this latest chart to accompany us, we can anticipate our next support levels for $ZIL Bulls to take note of. The Bulls will need to keep price action above $0.15 to prevent any further corrections. If this major support level is broken, we could see $ZIL dip towards its next strong support level of $0.11. Can the Bulls keep this Fifth Wave running hotter than it's meant to, or are we going to see it dip further?
BINANCE:ZILUSD
by googooboyy
Bears are taking control of $ZIL.NOT FINANCIAL ADVICE. On the hourly chart, we can clearly see that sell pressure is relentless. The MACD is showing that even though selling pressure decelerated, it is again picking up acceleration to the downside. Bearish outlook. The RSI reversed upwards slightly as it almost slipped into 'safe' territory, but is showing momentum back towards sell pressure. Bearish outlook. $ZIL Bulls will need to prevent price action from going under $0.15 and retain investor confidence at this level, or else we could be seeing a further 25% dip towards $0.11 support levels. Netural.
BINANCE:ZILUSD
by googooboyy
$ZIL is in a Correction, or are we really?Feb 2021's ATH were broken, albeit briefly, hours ago, and we now see just how strong the resistance is at the Bear's camp towards the $0.16 region. It seems that we are now in a Corrective Wave ABC (Flat 3-3-5). Depending on the kind of price action confirmations we get in the next few days, $ZIL could see 2 types of results from here: Result 1 Bears win, and price is pegged back down. Bulls lose momentum and price dips towards a Corrective Wave C. TP: $0.081. Result 2 Bulls reign supreme, and price surge upwards towards new ATH. If they break 1.38 fib levels, it means that we are on the next leg up (and no longer in a correction)! For $ZIL's sake, let's hope the Bulls have been awakened here.
BINANCE:ZILUSD
by googooboyy