BTC made Lower High and ZIL is making QuasimodoI compare ZIL with BTC. Zil jumped so high when BTC was moving positively. It seems now ZIL smart money will distribute. The distribution phase will happen. If you see the volume, you will realize the decreasing of the volume.
If you see, the BTC failed to make Higher high. However, after the price bumped the demand zone, the price rise again.
It happened to the ZIL too, the price goes to the nearer demand zone and will rise again.
So when ZIL joined the rising of BTC, both BTC and ZIL will soon bump the suplpy zone; the top.
I project the price of ZIL will make quasimodo pattern. So I wait in the left shoulder.
ZILUSDT.P trade ideas
Zilliqa - ShortAs most of crypto (and trading in general) pump and dump is very common, week over week it's ostensibly the name of the game.. Using Fibonacci, harmonic patterns, and thousands of hours of Charter time, the scenario in this chart is highly likely in my view, and at the moment price is more likely to go up, I could even go up sharply(market makers triggering current short stop losses before a downward move) If I trade this I certainly will have a liberal stoploss. *IMPORTANT his chart will be entirely negated if BTC moves upward significantly*
Good luck everybody!
ZIL/USDT - Cup and Handle on the hourlyIs a Cup and Handle Pattern Bullish?
As a general rule, cup and handle patterns are bullish price formations. The founder of the term, William O’Neil, identified four primary stages of this technical trading pattern. First, approximately one to three months before the “cup” pattern begins, a security will reach a new high in an uptrend. Second, the security will retrace, dropping no more than 50% of the previous high creating a rounding bottom. Third, the security will rebound to its previous high, but subsequently decline, forming the “handle” part of the formation. Finally, the security breaks out again, surpassing its highs that are equal to the depth of the cup’s low point.
Source: www.investopedia.com
ZIL/USDT - Cup & Handle formed on the hourly chart. Is a Cup and Handle Pattern Bullish?
As a general rule, cup and handle patterns are bullish price formations. The founder of the term, William O’Neil, identified four primary stages of this technical trading pattern. First, approximately one to three months before the “cup” pattern begins, a security will reach a new high in an uptrend. Second, the security will retrace, dropping no more than 50% of the previous high creating a rounding bottom. Third, the security will rebound to its previous high, but subsequently decline, forming the “handle” part of the formation. Finally, the security breaks out again, surpassing its highs that are equal to the depth of the cup’s low point.
Source: www.investopedia.com
I think we will see the bounce upwards in the coming hours ahead.
Zilliqa (ZIL) predictions, 0.20 supportZilliqa is remaining right around the T0.20 mark which is going to be a solid foundation that I feel, ZIL will build off of in the coming days.
If by chance we do NOT stay with T0.20 and she ends up leaving us low and slow-- we'll fall back to the pivot (as noted in the red arrow)
♠️🤫🐿
ZILLIQA old star, time to shine 🌟🚀⭐Based on the chart after long time, we can see appropriate amount of volume for the price and sharp candlesticks ✔️
if
this volume continues, and the price stays above the support area, we will see more gain 🚀
before
more gain, we can see brief correction to the downside (close to our Fibonacci levels support zone)
after
a long time of correction to the downside, we can see more gain for zilusdt 🚀
our next targets and vital resistance area are located on the chart ✔️
if
the price breaks the resistance area, here we will see more gain and new targets 🚀
Please, feel free to ask your question, write it in the comments below, and I will answer.🐋
An update on the ZIL trainprevious post :
Fractal does seem to be following along , now hitting the 0.5 ($0.146). depending on how much it will rhyme with the blueprint of this previous breakout fractal, i would expect a cup and handle to form over a short time from here, before moving on to test the 0.618 ( $0.17 ).
This is an update on my previous post , but using the 2 breakout points as a scale reference and using the highs of the previous fractal.
ZILUSDT Analysis (GLOBAL VISION)Hello friends.
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Everything on the chart. (update)
Nothing has changed from my last idea, everything according plan.
MAIN TARGET ZONE AT THE END OF BULL RUN: 0.4-0.5$
risk is justified
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
Strategy placing a buy stop order in the eveningZILUSDT was the biggest gainer on saturday
but then a scanner set me a "new high of the month" alert on wednesday
Question is now how to limit such alerts to instruments that dont make failed breakouts
ZILUSDT did not make failed breakouts on saturday and sunday so this is a good instrument for the strategy.
Now I am looking for similar tickers...