Zilliqa looking to test the long term trend line that i has followed since the 2020 Bottom. The interception maybe anywhere between 0.13$-0.15$ depending on how long the action draws out.
The previous analysis holds, looking for a 34.60$ DOT target. Have a good one...
As you can see in the previous idea, we found a correlation between polkadot, its pump and subsequent retrace to the 21 EMA.The last two cycles played out to the T. Pricing in data from these last two targets, we are looking at our next target being in the neighbourhood of 34.60$. With ethereum and BTC continuing to trend up, this seems to be the likely outcome....
We've been in this accumulation zone for quite a while. Each time we run up to the resistance, it gets weaker, with this run being unique with respect to volume buildup when compared to previous runs. Will we sustain the breakout and confirm this line as resistance? fingers crossed!
is this rocket ship just getting started? following a long accumulation zone, 1inch has ridden on very strong momentum to break out of the channel. A healthy retest to 3.8$-4.01$ is on the cards, as is the advancement of the ongoing price discovery ! Moving up the ranks of CoinMarketCap mighty quickly this one.
An update to the chart that was released on the 30Th of December showing how Zilliqa had entered its next stage in accumulation. Thirty days and what seems like a rollercoaster after, turns out that the chart is just playing out the way its supposed to. Lot of new hands bought at the previous local top and have now been forced out of their position. Black swan to...
Not much information to go on, trying to make sense of patterns. Cheers!
Zilliqa has managed to push through the upper limit of the downtrend channel. Seems to be holding its own against a bleeding bitcoin. Investors are keenly looking forward to tomorrow where an announcement which will most probably provide an official elucidation on Zil/HGX dynamic will be made. All eyes on - 1) The upper limit staying as support. 2) Major...
Chainlink has broken above critical resistance, and is now using the weekly long term trend line as strong support. All eyes on BTC to either cooloff/ takeoff and Link should stay above this trend line.
Fingers crossed as to when Zil breaks out of this channel.
The money flow and RSI indicators hug the graphs with almost full accuracy if you look at this same chart on a daily time frame. the last consolidation lasted 189 days where Zilliqa ranged b/w 0.026$ and 0.035$ before finally breaking out.
Strong fight up ahead, fingers crossed, only time will tell whether it breaks to the upside or follows the downtrend channel.
As you can see, the long term trend line is now acting as resistance for link, will it breakthrough and use it as support??. its about time ....
What we have here- Highlighted above is what happens every time there is a daily cross up on the stochastic. 1. 21st Sep to 2nd Oct - 72% rise. 2. 25Th oct to 25th nov - 119.45% rise. 3.10th Dec- 27Th Dec - 255% rise. Now, the RSI has bounced off the support beautifully, however, the price is reacting strongly to the long term accumulation trend line which is...
In the chart uploaded last week, the price seems to be moving along just fine but on pressing the play button the indicators dont seem to be updating, hence this chart is being republished with the latest RSI and money flow data.