ZILUSD is showing potential cup & handle structure.
Since March 2020 we have seen a wave 1-5 up to ATH, with an almost year-long ABC correction from May 2021 onward. From the base of C, which is the 0.382 fib level of wave 1-5 (shown as 0.618 on the chart for target extension purposes above), we've had a large volume move,
From Elliot wave theory we may deduce...
Meta formerly known by Facebook has been commenting many times on Zil Twitter account. Zil looks very promising project. Also, the chart here look perfectly shaped cup & handle on the weekly time frame.
The long term wave uptrend cycle in Ziliqua remains whereby as indicated on the left (long term overview) we continue to operate inside the 5 wave Super cycle to the upside where we currently are positioned in the 5 wave Super cycle. Following hitting a wave 3 Super cycle top at $0.26 on the 15th of April 2021, the asset then corrected in a substantial WXY...
Ziliqa (ZILUSD) is rebounding after almost hitting the former Lower Highs trend-line, which happens to be just below the 1D MA200 (orange trend-line). The pattern is quite similar to the late February - mid March 2020 COVID market crash. Even in RSI terms, the sequences are fairly identical. As long as the former Lower Highs hold, we are expecting a strong...
Hi friends hope you are well, and welcome to the new update on Zilliqa.
In the month of Mar 2022, Zilliqa formed a harmonic bulli reversal pattern with BTC pair and started a big pump.
Broke out big wedge:
During the pump in Mar 2022, Zilliqa also broke out huge wedge pattern in the weekly time frame. After a big rally Zil was rejected by the resistance of...
March 22 was a great month indeed, as ZIL-KRW pairing pushed price action from the doldrums into the stratosphere.
Then April came and took the wind out of ZIL's sails and price dumped hard.
But not hard enough, as evident by the retracement not meeting March's starting point, despite near similar volume.
While it would be tempting to call in a bear market, RSI...
A summarised understanding of Zilliqa's $ZIL accumulation and distribution events taking place.
Accumulation 1: 33.2B moved.
Accumulation 2: 61.9B moved.
Distribution 1: 23.1B moved.
A simple takeaway here is that we're seeing a decrease in the movement of $ZIL, which to me is a bullish sign aka hard core hodlers aren't bulging, while profit takers are profit...
Zil has gone down about 50%. I'm buying the fear because I think there is a chance of an optimism bounce. My stop loss is under the current low and if it doesn't hold I'll reevaluate. If it breaks past the vwap I'll update on taking profits.
My guess regarding potential price point probabilities and exit points. I think hitting the 11.1 extension is a stretch on this one, but this a hunch and nothing more. Some of these assets can obviously far surpass targets in a final impulse wave (or even fall far shorter, hitting minimum extension levels), if this is in fact what it appears- a final 5th impulse wave.
$ZIL DTF with a power move UP with aggressive sellers trading the top. Should be zero selling pressure since Metapolis hasn't been officially released yet but alas, we have short sighted people giving away their $ZIL. We can expect another BULL move up as oscillators are looking super strong
- I have held ZIL for around a year now and its gone up nearly 250% in the past 7 days :D
- If ZIL hits the 34 FIB EXTENSION we could see a $6 (£4.50) ZIL.
- I am still educating myself on how to use FIBs properly so please don't take this as financial advice.
On the 1 day chart it was hard to find a legitimate chart pattern to justify ZILUSD’s sudden pump here but once one flips to the weekly chart this pattern emerges. This triangle is probably more valid on either the 2 week or 3 week chart than it is the 1 week considering how many weekly candles we closed outside the triangle before we saw the breakout. Judging by...