ZILUSD trade ideas
Looks a little too similarJust let this 520% run from 2018 soak in for a little before we talk about how Spacex will be available on HG exchange etc... Not at all saying that this is going to repeat, it probably won't, but let's also remember that a lot of people were inside on the news before our current run.
ZIL looking for a retracementIf zil breaks through this 12 hour ichimoku cloud I'm expecting a decent retracement to about .013-.014 area. This matches up with the golden pocket zone. Keep an eye on its next moves for confirmation. Feel free to comment your own analysis and thoughts.
ZILUSD nice continuation pattern forming- move in the next dayZIL setting up a perfect continuation pattern- bullish bias
Great confluences on the many ALTS seeing nice gains, trend line, previous resistance and 0.5 fib.
Entry conditions: Break of ST downtrend to 0.028-0.0212 & retest.
Opposing view: ST downtrend could win out here and we could see a break of the trend and support at 0.018 range, signalling further pullback to the 0.618 fib or lower, which is why we will wait till break and enter balls deep then.
$0.0454 around 6th July 2020Radagast lent me some of his mushrooms. They revealed new confluence to me.
ZIL/USD- Where to from here? ZIL is seeing some support come in to play over the last couple of days however continues it's downtrend channel.
Next 24 hrs will either see a break from trend on current supports shoulders, or a rejection down to a lower support which should bring buyers to the market.
I think the if you picked this up on the dip two days ago you are in a good position but we may be given PA similar to that price again in the next few days if rejected by previous support line.
Still bullish long term on this project but always looking for the best possible buy price to minimise risk.
The other entry option on the break of trend carries higher risk, I'd be more inclined to buy a positive retest after breakout or hold fast until I'm happy with a supported entry at the bottom of channel (closer to 200SMA)
As always, not financial advice, just my thoughts and TA.
Bingaz
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______REVIEW_______
Well, that worked better than expected. Very nice. Targets hit, Resistance met.
Now look that in terms of SATS we are still at the bottom of the previous consolidation. Very nice.
This means that valuation is decent, and has support technically as reference to begin a new round of accumulation for the next wave to start.
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______FRACTALS_____
JUNE: 20,30. JULY: 1, 15. AUG:6. SEP:5
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**LEGENDS**
BLUE = Bear/Resistance :: Yellow = Bull/ Support
Vertical Lines: Fractal dates are moments of interest, where price and time collide to create oscillation.
~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~
If you want your coin to be analyzed, JUST ask.
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Staying in the confines of the pitchfork is a good sign. $0.0484Pitchfork drawn by trial and error, not based on fixed points, to match the most number of hits and bounces.
When HG exchange goes live, the volume should dwarf previous volumes. I like dwarves.
Volume has a general correlation with price.
$0.0484 (my 0.618 fib) could get hit as early as June.
ZILUSD Price Analysis: Trading below trendlineZILUSD is trading below the important trend line which where support levels to hold the trend up
Now it is trading below them that is meaning that the trend is now bearish
The next times there can come a consolidation before going ahead and going more downside.
When ZILUSD falls below the 55-EMA this will be a bearish sign.
The rsi is consolidting in the middle line this means it can continue to the oversold region.
The MACD made a bearish cross which is certainly highly bearish.
Overall the trend goes to the downside so it is possible to see more of it the next time.
TREND: Down
EXPECTATION: More downside
BECAUSE: Trendline broken
PREV: 0.01807300
OPEN: 0.01966000
VOLUME: 320.889K
DAY'S RANGE: 0.01736400 — 0.02189300
ZIL / USD Not convinced of a bottom yetI will not be convinced of a reversal until I see green clouds. It's still early after a parabolic run.
The worst should be over. Gandalf Fireworks coming soon.1) ZIL has retraced to the 0.202
2) Last time this happened, that was as low as we went
3) Onwards, upwards to the 0.786
4) That's around $0.0609 circa mid-July
9 hours left to close above the 21 EMA and hope remainsThis will determine if the pain is done or not.
This is it! Moment of Truth. Over the next 2 days, we need to bounce off the bigger pitchfork or hope is lost.
I mean...it's not that crazy right?? I could possibly see a solid bounce here but could defnetly see it going bad as well..I gotta bag but idk if i should hold on to it lol
ZILUSD Continues to respect this ascending resistanceAs I see it, altcoins often help us to see the movement of bitcoin as well. As ZIL could continue down reaching a new lower local low. Hold your dollars. If you bought the dip and sold this top, well done! As for now, we need to watch patiently. BTC's fakeout may have flipped a lot of people bullish but things are looking rather dicey. Have your money ready in case we see a giant move down. Cheers. Also, if this previous neckline becomes a shoulder line for the top of the right shoulder on a broader scale, we could be seeing a decently big correction for ZIL if BTC decides to move downward.
