An idea suggesting a big moonshot for ZIL
This is based on the previous move to ((2) in green)
A large ascending broadening wedge can be plotted if this bars pattern is placed this way
The placed pattern up is very very speculative, but it really does look bullish above this level
Always make your own assessment. Personal judgement on charts wins every time.
In a late Sunday move, grossly undervalued ZIL wakes up and pops off the lower Bollinger Band.
The Stochastic indicator shows ZIL coming out of an oversold sentiment as buyers gobble up the cryptocurrency.
Zilliqa is at a critical point if it want´s to participate in the rest of the bull market.
If the OBV can not breakout above the red resistance trend channel... the support below is to close.
It is getting exciting ;-)
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*no financial advice
do your own research before investing
NOT FINANCIAL ADVICE
Circa 2015, a team from NUS (National University of Singapore) brainstormed and produced a thesis dubbed 'Elastico' while trying to solve the blockchain trilemma.
The team have since gone on to launch a string of successful crypto projects such as Kyber Network, SmartPool, Anquan Capital and of course, Zilliqa Research.
Blessed with a...
is it possible we are in for a crypto winter?
if so then the alt season could be on hold for as much as another year!
the good news is that if it does take that long, then the prices can go much higher.
$5.00 for zilliqa in January 2023
I am not selling positions, just accumulating.
not financial advice
my first idea was that this chart formed a long term inverse head and shoulders. You can see however that also a cup and handle pattern seems to fit for Ziliqa. This last dip was just a retest from this perspective and this coin is now ready to go for new all time highs!!
Zilliqa ($ZIL) New FIB:
$ZIL losing strength in MACD and RSI while it attempts to turn $0.0956 resistance into support. $ZIL BULLS are buying the dip from today's low
Zilliqa ($ZIL) New FIB: $ZIL BULLS are doing their best in buying the dip as the 1D candle sits on the edge of the 50MA. $ZIL needs to close above the 50MA to prevent the next leg of the downside. Am I worried? Nope! Am I DCA the dip? Yes!
Zilliqa has been slowly moving up along out uptrend support line but has felt BTC's sharp drop for sure, we are looking okay though we are approaching the 0.2 FIB level which intersects with the uptrend support level so we could be looking at a likely bounce zone, now keep in mind a lot rides on BTC and this could all be voided if BTC continues to drop. Now look...
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crab harmonic pattern:
AB=0.61 XA
BC=0.38 AB
tp1=1.6 BC=$0.0527 *reached*
tp2=2.6 BC=$0.126 *reached*
tp3=3.6 BC=$0.3
tp4=1.6 XA=$2
resistances in the way of $2:
R1=$0.184
R2=$0.3
R4=$0.515
R5=$0.727
R6=$1.367
It’s finally time! We have a symmetrical triangle paired with an upward trend (bullish) + a cup and handle pattern. The volume is showing some really tight price action as well… looks like blast off!
BINANCE
