2nd level of manipulation according to my theory, price is now exploring the eql of the MBB+, 50% of the candle will be the short term target, around 0.08. TA allows us to forsee the possibilities. Long term we could see +0.3 cents
DCA, soon the train will leave the station
Hi traders,
As part of my spot crypto bag, ZIL is beginning to show life and is looking to break out of the weekly accumulation zone. Should we see this break out and a weekly retest zone , we should clear 0.1.
Let's see how it unfolds.
Many thanks
Sunny
This idea involves a slanted W pattern which emerges within a rising channel.
This can be assumed if we plot some heavy bullish action.
Lets see how it turns out with a $1 price target.
The ZIL chart also seems to have completed its diametric wave F and we will soon see a drop for wave G.
The F wave of this diametric can end in the red range. We are looking for a sell/short position in the red range
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
ZIL still has some work to do, but in combination with ZILBTC pre-break-out setup, I think this is the most likely scenario.
1D EMA200 retest is likely. If it holds - moonmission from there.
Really deep retracement when it comes to Zilliqa.
However, looks impulsive watching the proposed light blue minuscule count.
Green zone = interest zone. Would try my longs there.
Zilliqa has come today the closest it has been on the 1D MA200 since the May 8th contact, turning the 1D time frame largely bullish (RSI = 67.434, MACD = 0.000, ADX = 54.733). Consequently, a break above it, should set in motion the last part of the bullish leg that started at the bottom of the long term Channel Down. We will buy if the 1D MA200 breaks and target...
Zilliqa / ZILUSD hit 10 days ago Support (0.01535) and rebounded, making Higher Lows ever since.
The 1day RSI is already testing the Falling Resistance. If the price crosses and closes over the Falling Resistance, it will be a major buy signal.
Target first the Fibonacci 0.5 level at 0.026300 and on the next pull back go for a long term swing near Resistance A...
View On ZILUSD (18 Apr 2023)
ZILUSD is in
* Slightly Bullish in short term (Intraweek)
* Neutral in Mid term (1 to 3 months)
* Bearish Long term (3 months onward)
We are seeing some bullish pin using as 0.0226 region support.
0.02176 will be the next support.
We need to see more bullish candle to take place and 0.026 will be the next resistant.
DYODD, all...
Zilliqa (ZILUSD) is trading within two Channel Up patterns, supported by both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line). With the 1D RSI breaking above its Lower Highs trend-line, the trend is slightly more bullish now and it is more probable to break above Resistance 1 (0.03675) than pull-back to its bottom. If we close a 1D candle above it,...
Similar higher low bottoms, price is attempting to breakout of a strong downtrend
Good for the bulls, much less for the bears
Horizontal lines intersect with each bottom point
ZIL is currently showing some weakness. If we have a look on a key resistance level on a weekly chart, we notice a clear rejection.
4 hours charts is trading in a range and we have potentially a deviation above and now back to range.
A trade idea to short it with a tiny invalidation above last high targeting middle and lower of the range.
I think that Zilliqa has formed a small double-top pattern and a slanted head and shoulders pattern. Therefore, I can't rule out a situation where it retreats by about 15%.
In my opinion MM of $ZIL can do retest of pre-dump level before unlock event in 28 Dec.
Set your SL level for 8-12% down of current price level or work by your risk management.
