An idea for ZILUSD suggesting a bottom on a place along horizontal that was previously support
This support can be seen with the inverted Head and shoulders structure. I have not highlighted this however.
Price is still within a down channel so lets see if there's a reversal
we have a pattern
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not hard to spot this BULL flag after impulsing off the lows.
if ZIL holds here and especially 0.886 level, it's good to blast some ish up
1.272/1.618 targets next up on the menu, once surpassed we talk 10ct and more
Hold my beer pls
No financial advice, do your own research, don't be stupid
Looking at ZIL previous movements, I believe we will do a retracement to 0.064-0.1$ for wave B before falling again to 0.013$ for wave C. I believe around there would be the bottom before sky rocketing to 1$
0.23$ is a major resistance, breaking it will definitely cause a huge move to the upside
We rarely see analyses of Zilliqa (ZILUSD) on the 1W time-frame but with a simple look at the chart we can see the huge Cup and Handle (C&H) pattern that has been formed since the start of the previous Cycle. The Resistance is perfect and since the May 2021 High, the pattern is forming the Handle. The 0.5 Fibonacci level is holding and the price should start...
ZIL is moving in the liquidity zone within the upward channel.
Price is above 200MA on the 4H Timeframe and testing 100MA on the 1H Timeframe.
The BB indicator indicates oversold at 30m Timeframe.
I expect ZIL to test the lower boundary of the upward channel, and after fixing above it will continue to rise.
Zil surged over 50% last day, of course this will not last for long.
At the time of writing, Zil is exactly on $0.043 important resistance.
That’s the 1st resistance you need to look for shorts.
The second one and most important is at $0.05, n’ I think that’s the max top of Zil’s pullback.
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...
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...