ZILUSD trade ideas
ZILUSD Bottom? An idea for ZILUSD suggesting a bottom on a place along horizontal that was previously support
This support can be seen with the inverted Head and shoulders structure. I have not highlighted this however.
Price is still within a down channel so lets see if there's a reversal
if I'm right I'll be happy RiskReward 1-3 we have a pattern
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ZILIQUA ready to go?not hard to spot this BULL flag after impulsing off the lows.
if ZIL holds here and especially 0.886 level, it's good to blast some ish up
1.272/1.618 targets next up on the menu, once surpassed we talk 10ct and more
Hold my beer pls
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No financial advice, do your own research, don't be stupid
ZIL long term analysis 1$Looking at ZIL previous movements, I believe we will do a retracement to 0.064-0.1$ for wave B before falling again to 0.013$ for wave C. I believe around there would be the bottom before sky rocketing to 1$
0.23$ is a major resistance, breaking it will definitely cause a huge move to the upside
ZILUSD Giant Cup & Handle to start the new Bull CycleWe rarely see analyses of Zilliqa (ZILUSD) on the 1W time-frame but with a simple look at the chart we can see the huge Cup and Handle (C&H) pattern that has been formed since the start of the previous Cycle. The Resistance is perfect and since the May 2021 High, the pattern is forming the Handle. The 0.5 Fibonacci level is holding and the price should start forming the Support that will turn the trend sideways into the next bullish break-out that should start the new Bull Cycle. Optimal long-term buying levels here.
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ZILUSD ❕ upward channelZIL is moving in the liquidity zone within the upward channel.
Price is above 200MA on the 4H Timeframe and testing 100MA on the 1H Timeframe.
The BB indicator indicates oversold at 30m Timeframe.
I expect ZIL to test the lower boundary of the upward channel, and after fixing above it will continue to rise.
After 50% surge, what's next?Zil surged over 50% last day, of course this will not last for long.
At the time of writing, Zil is exactly on $0.043 important resistance.
That’s the 1st resistance you need to look for shorts.
The second one and most important is at $0.05, n’ I think that’s the max top of Zil’s pullback.
Zilliqa (ZIL) Is About To Break Another WedgeHi friends hope you are well, and welcome to the new update on Zilliqa.
In the month of Mar 2022, Zilliqa formed a harmonic bulli reversal pattern with BTC pair and started a big pump.
Broke out big wedge:
During the pump in Mar 2022, Zilliqa also broke out huge wedge pattern in the weekly time frame. After a big rally Zil was rejected by the resistance of $0.23 and now testing teh support of $0.068 and also the support of 25 SMA. The next support will be at $0.05.
There is also 200 weekly simple moving average support below the $0.05 support level. The Stochastic is entering the oversold zone in the weekly chart.
Down channel:
In the 4-hour time frame, Zilliqa has broken out a down channel and after a short rally it has been rejected by the resistance of $0.10, but still moving above the channel's resistance.
The target of the channel is $0.133.
Another wedge formation:
On a very small 1-hr time frame, Zilliqa has formed another falling wedge pattern. If Zil breaks out this pattern then the probability for breaking out $0.10 resistance will be high.
Conclusion :
Even though the market is quite bearish, but Zilliqa is breaking out every pattern one after another. Therefore, if there won't be any Bitcoin dump then Zil can start another bullish rally soon.
Ziliqua - Advanced Elliot Wave analysis: 07/05/22The long term wave uptrend cycle in Ziliqua remains whereby as indicated on the left (long term overview) we continue to operate inside the 5 wave Super cycle to the upside where we currently are positioned in the 5 wave Super cycle. Following hitting a wave 3 Super cycle top at $0.26 on the 15th of April 2021, the asset then corrected in a substantial WXY correction of significant proportion in terms of time and also price; retracing a noteworthy 85% in value; however, price never retraced beyond Wave 1 Super cycle top keeping the 5 wave impulse in tact. Following hitting a WXY 4th wave completion price then shot up again in impulsive fashion, as seen on the right sided chart (shorter term overview), it appears the long term correction has completed and the asset is positioned in the genesis of the 5th wave Super cycle in which price shall continue to trend up in waves of lesser degree.
Since the impulse move to $0.23 we have come down in a corrective fashion anticipated to be a wave 2 and price appears to be nearing a further impulse. As long as price does not take out the Minor Wave 1 bottom then the impulse count remains in tact; it can be observed that a bull flag may be forming, which may lead to an accelerated rise upon breaking to the upside of the flag.
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ZILUSD Perfect buy level for a complete recoveryZiliqa (ZILUSD) is rebounding after almost hitting the former Lower Highs trend-line, which happens to be just below the 1D MA200 (orange trend-line). The pattern is quite similar to the late February - mid March 2020 COVID market crash. Even in RSI terms, the sequences are fairly identical. As long as the former Lower Highs hold, we are expecting a strong recovery back to the April 01 High, even the 0.2650 High of May 2021.
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$ZILUSD - RSI straddling the middlezone.March 22 was a great month indeed, as ZIL-KRW pairing pushed price action from the doldrums into the stratosphere.
Then April came and took the wind out of ZIL's sails and price dumped hard.
But not hard enough, as evident by the retracement not meeting March's starting point, despite near similar volume.
While it would be tempting to call in a bear market, RSI is straddling the middlezone, around 50, and until it dips, there is still a good chance the the bulls will step in and push price higher, which seems to be the likelier path of least resistance in this Elliot Wave 3 uptrend analysis.
$ZILUSD - Accumulation & DistributionA summarised understanding of Zilliqa's $ZIL accumulation and distribution events taking place.
Accumulation 1: 33.2B moved.
Accumulation 2: 61.9B moved.
Distribution 1: 23.1B moved.
A simple takeaway here is that we're seeing a decrease in the movement of $ZIL, which to me is a bullish sign aka hard core hodlers aren't bulging, while profit takers are profit taking, and there will be a point where they'll realise it's time to stop profit taking and let price appreciate, so that they can profit take later~
$ZIL CRYPTO WINTER SCENARIOis it possible we are in for a crypto winter?
if so then the alt season could be on hold for as much as another year!
the good news is that if it does take that long, then the prices can go much higher.
$5.00 for zilliqa in January 2023
I am not selling positions, just accumulating.
not financial advice