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Zilliqa / TetherUS PERPETUAL CONTRACT

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ZILUSDT.P trade ideas

ZIL has 2 possible movement scenariosZIL has created an Inverse Rounded Bottom Pattern which means the price should do a bit of correction and goes bearish for sometime. the Pattern has not been broken yet but when it happens, the price shall Decrease as much as the measured Price movement which is shown on the chart.There could be another Scenario which will be that the Price breaks the pattern Upwardly and Reach the resistance level that is shown on the chart and why is that possible? well if you pay attention to RSI, you can see that the price has reached the oversold area which is a bullish signal so we should consider the possibility of a bullish movement as well. The Price shall do a movement pretty soon so we can predict the incoming movement right after. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🌍Thank you for seeing idea . Have a nice day and Good luck
by CobraVanguard
1
ZILUSDT time to retracement?ZILUSDT is currently trading inside an ascending channel. However, the price recently got rejected from the daily resistance level at $0.035, which suggests that the market may be experiencing a bearish trend. If the market continues to decline, there is a possibility that it could retest the Fibonacci area and experience a new bearish impulse. It is important for traders to monitor the market closely and consider applying Plancton's rules to manage their risk effectively. Additionally, there is a demand zone at $0.028, which could serve as a potential support level for the price. Traders may want to keep an eye on this level and consider taking long positions if the price bounces back from this zone. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
14
ZIL must hold .0273 to long to .034. lose .027 range .019 incomiNot financial advice Trade going forward Must keep 4 hour closes above .027 for a long to .0343 area Wait for retest .027 to see if it holds and take a long to .0343 area Currently in a bearish wedge Where .0273 must hold we lose that number on a 4 hr close. Target would be .0197 entry Target is derived from taking equal measure move up to wherever the trendline breaks you would subtract the same 27% move to the downside for the target. But this is a good thing. It is still a lower high setup on a longer time frame from it's low currently of .015 Remember to practice patience #PIK Patience is Key #TLAW Think Like A Whale
Long
by ThinkLikeaWhaleTLAW
ZILUSDT H&C"Cup and handle is a technical chart pattern used in trading and investing to identify potential bullish continuation patterns. It is formed by a "cup" followed by a "handle." The "cup" is a U-shaped curve that is formed when the price of an asset rises, then falls back to the same level or slightly lower, and then rises again to the same level as the first peak. The "handle" is a small downward price movement that occurs after the peak of the "cup" formation. The pattern is considered bullish because it suggests that the market has reached a bottom and is now ready to move higher. Traders often look for high trading volume during the "cup" formation, which indicates strong buying activity, and lower volume during the "handle" formation, which indicates a consolidation phase before the asset potentially moves higher." - ChatGPT
Long
by dREi
ZIL/USDT going to the retestHey, guys ✌️ ZIL/USDT has been a coin that we wanted to take a look at for some time now. Well after breaking that trend two days ago price fell until the meeting of 200EMA - from there it pushed the price back up and now we are here at the retest of the trend and 100EMA as well. We are waiting for clean breakout or clean rejection from that trend in order to take any position here. This trend sees strong with 100EMA as a backup there as well. Let's wait and see! If you like ideas provided by our team you can show us your support by liking and commenting. Yours Sincerely, Swallow Team 🔱 Disclamer: We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
by SwallowAcademy
10