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ZILUSD trade ideas

Is there a silver lining in $ZIL's clouds or just gloom & doom?NOT FINANCIAL ADVICE Should we get bullish or do we stay bearish? Let's take a dive on the Macro level for $ZIL using the Ichimoku Cloud indicator. For the uninitiated on Ichimoku Clouds, Investopedia has a good introduction here . With that out of the way, based on $ZIL's macro Weekly chart, here we consider the bearish and bullish signals from this indicator. 1. Price Action VS the Kumo Cloud. Bearish: This week's candle is threatening to break into the Kump cloud and is within touching distance. Bullish: It hasn't broken and trade inside the cloud! The near horizontal Kumo cloud means that $ZIL may have a few more weeks to stabilise and steer itself away from it. 2. Chikou Span vs Price Action. Bearish: The lagging span descending towards historical price candles and crossing downwards is a bearish confirmation and usually a sign of exhaustion of an asset. Bullish: As this is a lagging indicator, it could be nothing more than just a trend analysis rather than a prediction of future movements. 3. Tenkan Sen vs Kijun Sen Bearish: Tenkan sen is threatening to cross the Kijun sen, especially if the crossing is below the Kumo cloud. Bullish: No crossover is yet seen. Also, even if there is a crossing, it will occur way above the Kumo cloud. 4. The Kumo Cloud (Senkou Span A + Senkou Span B) Bearish: A thin cloud means the support level of the Senkou Span A is deemed weak -- may break anytime. Bullish: The cloud is widening at the ends, and as Span A moves further away from Span B, a strong trendy green cloud is created. So what does all the above mean? Why am I dissecting both bearish and bullish scenarios here? Quite honestly, I am still sitting on the fence with $ZIL here, especially with the diminishing volume. While I use Technical Analysis to try to predict the path of least resistance for price movements, I am simply unable to put a pin on it today. We may be at an inflection point, where the price is so sensitive that it could move either way at a moment's notice. I would like to call it 'Price Fragililty', while some may prefer to call it 'Price Volatility'. Where is the silver lining playbook when you need one, eh? Until next time, happy trading~
BINANCE:ZILUSD
by googooboyy
$ZIL Wave II retracement may not yet be over~NOT FINANCIAL ADVICE We may have not seen the worse part of this Wave II retracement, which looks like a 5-3-5 Corrective Waves ABC. On the Daily charts, It does seem to confirm the completion of Wave A (5 impulse waves down), Wave B (3 corrective waves reversal). While price action may have retraced (from ATHs) touching the expected 0.618 fib levels, but due to late 2020's insance parabolic bull run, an overcompensated corrective waves can be expected. While there are no theories that confirms this, the tingling elliotician in me tells me that there is a good chance that we can anticipate an impulsive Wave C down, which is currently underway. A decent price target of $0.058 means Wave II will retrace and touch 0.786 fib levels before making its way towards new ATH on a good Wave III towards the end of this year with a target price of $0.311 at least. With such price targets, we are looking at a possible gains of 536% gains ($0.311/$0.058 * 100%). Good luck with your trades~!
BINANCE:ZILUSD
by googooboyy
$ZILUSD - The Wyckoff test.NOT FINANCIAL ADVICE. This is my first ever attempt to jump onto the Wyckoff's method bandwagon after spending weeks of reading and testing. This post is as much an effort to figure out $ZILUSD's trend as it is to grow my understanding in this school of thought. As such, I welcome all feedbacks, criticisms, advices, and where I might have erred a thing or two, my apologies in advance. Wyckoff's Method Richard Wyckoff established simple but powerful observational rules for 4 trend recognitions: Accumulation, Markup, Distribution and Markdown -- but nothing is really that simple, right? Within this debilitating chart, which looks nothing like your standard Wyckoff schematics, it is pretty difficult to pinpoint in which trend $ZIL is in. One thing for sure though is that we see contracting volume, a recipe ripe for volatile price action. Contracting volume One of the key tenets of Wyckoff's method, volume relates to supply and demand. We see preliminary supply (PSY) contracting circa Dec 2020. However, I find it difficult to confirm if we are in a distribution trend, as we see characteristics of upthrusts (UT), or if we are in a re-accumulation trend, where we see signs of strengths (SOS) aplenty. $0.10 will be the critical point of support, while $0.15 is the crucial wall of resistance that Bulls need to break to induce retail confidence and invoke a 'spring' out of this creek, which is the highlighted red rectangular zone. This 'creek' will be a point of particular interest in the next few weeks (or months even). Whether price will jump from (SPRING) or if it is the last point of supply area (LPSY), perhaps practicing caution is not such a bad idea until we see further price (and volume) action. Until then, happy trading~!
BINANCE:ZILUSD
by googooboyy
Zilliqa (ZIL) - May 19Good morning? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (ZILUSD 1W chart) (1D chart) We need to see if we can get support and climb in the 0.15914493-0.17864466 range. If it falls at 0.15914493, you need a Stop Loss to preserve profit or loss. However, you can touch the 0.14156899 point and go up, so you need to trade carefully. ------------------------------------ (ZILBTC 1W chart) (1D chart) We have to see if we can get support and ascend in the 398 Satoshi-421 Satoshi section. If it falls, we need to see if we can get support at point 387 and move up along the uptrend line. If the CCI line does not rise above 100 points and the EMA line on the CCI-RC indicator, it is likely to be in a downtrend and requires careful trading. In order to maintain the uptrend, it must rise above the 0.20511546 point and be supported. -------------------------------------- It is advisable to trade at your average unit price. This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden. The center of every trade starts with the average unit price you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the money that ultimately corresponds to the profit can regenerate the profit. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for the sake of convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: Closing price when closed G2: Market price at the time of opening (Example) Gap (G1-G2)
BINANCE:ZILUSD
by readCrypto
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