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Zilliqa / TetherUS

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ZILUSDT trade ideas

Zilliqa | Volume ProfileAfter a strong run up, price has retraced and settled on strong support around a psychological support and also the POC @ $0.10. There has since been a short term trendline which is now being broken - once this current 4H candle closes, then a break in trend will be confirmed. You can guess what happens from here if the rest of the market, more specifically BTC has a stable recovery up-trend. There are 4 key support levels below current price seen as spikes on the volume profile.
by N0ST0PL0SS
4
ZIL Update: Long or Short when BTC is looking bad?The box indicates the demand zone which is showing much strength whenever ZIL takes a hit. Buyers are happy to buy in this region and are always selling at key resistances. We have been making lower lows during the retracement after the 500% uptrend (highlighted and circled in blue). We recently made a higher low (circled in red), and I think there is no need for ZIL to test critical support levels for buyers to show up. Why did the 0.12 level does not hold up during BTC retracement? My best guess is that most buyers long at the critical support level which is 0.10 previously and are selling between 0.12-0.13. If we are able to hold the higher low support this time, buyers will have no choice but to buy higher, thus pushing prices up and potentially making a higher high when testing the next resistance level.
Long
by Ladadad1313