ZilliqaUpdated Lets get bullish on ZILLIQA and $ZIL, with Wave 5 underway!
NOT FINANCIAL ADVICE
Be warned that this post contains an extremely bullish count for
ZIL, unlike my previous post, which was counted with a hint of bearishness.
Let's put aside that bearish possibility for a while, because in the macro trendZIL is bullish!
As with most Elliot Wave studies, more confirmations received sometimes causes the counts to change ever so slightly and sometimes drastically.
Let's take a look at this mid-late April dip:
We witnessed one of the scariest dips ever seen in recent times, as the Wave 4 correction hit us hard and swift.
Definitely shook plenty of weak hands, while reinforcing the diamond hands even further (which one are you?).
Prices and sentiments quickly recovered, causing a truncated Wave C which then led us to..
Wave 5:
A new impulse wave is born.
Or it could be a leading wave 5 too!
However, I am inclined to estimate a really good impulse Wave 5 climb here simply because the sentiments (mostly crypto twitter) that are riding on this final Wave are quite intoxicating.
Couple that with these three exciting majorly huge projects expected to be launched this quarter:
- migration to Mainnet V8 (faster block times = faster rewards!)
- Pillar Protocol (more stablecoins shenanigans!)
- PolyNetwork (bridges to other blockchains, such as Bitcoin, Ethereum, Binance Smart Chain and Cosmos, amongst many)
Thirdly, google search trends for "Zilliqa" is at its highest ever -- and this to me, is the strongest signal for a huge upcoming Wave 5!
But where are your price targets Googooboyy?
As with all elliot wave studies (or any TA), it is best used to gauge the trend that we are in and tackling the magnitude of price action is a really tough call, best reserved for shamans and voodoo-mangeries..
But a simple fib based trend extension..
..gives us a decent target of $0.30 in the near term.
Very decent, very modest, just a simple prediction.
And with that, I'll also leave you with a price target nugget (link here) by youtuber, Marc Scapelitte, via regression models, which also uncannily predicts a price top of $0.30 by May.
Happy trading~
Be warned that this post contains an extremely bullish count for
ZIL, unlike my previous post, which was counted with a hint of bearishness.Let's put aside that bearish possibility for a while, because in the macro trend
ZIL is bullish!As with most Elliot Wave studies, more confirmations received sometimes causes the counts to change ever so slightly and sometimes drastically.
Let's take a look at this mid-late April dip:
We witnessed one of the scariest dips ever seen in recent times, as the Wave 4 correction hit us hard and swift.
Definitely shook plenty of weak hands, while reinforcing the diamond hands even further (which one are you?).
Prices and sentiments quickly recovered, causing a truncated Wave C which then led us to..
Wave 5:
A new impulse wave is born.
Or it could be a leading wave 5 too!
However, I am inclined to estimate a really good impulse Wave 5 climb here simply because the sentiments (mostly crypto twitter) that are riding on this final Wave are quite intoxicating.
Couple that with these three exciting majorly huge projects expected to be launched this quarter:
- migration to Mainnet V8 (faster block times = faster rewards!)
- Pillar Protocol (more stablecoins shenanigans!)
- PolyNetwork (bridges to other blockchains, such as Bitcoin, Ethereum, Binance Smart Chain and Cosmos, amongst many)
Thirdly, google search trends for "Zilliqa" is at its highest ever -- and this to me, is the strongest signal for a huge upcoming Wave 5!
But where are your price targets Googooboyy?
As with all elliot wave studies (or any TA), it is best used to gauge the trend that we are in and tackling the magnitude of price action is a really tough call, best reserved for shamans and voodoo-mangeries..
But a simple fib based trend extension..
..gives us a decent target of $0.30 in the near term.
Very decent, very modest, just a simple prediction.
And with that, I'll also leave you with a price target nugget (link here) by youtuber, Marc Scapelitte, via regression models, which also uncannily predicts a price top of $0.30 by May.
Happy trading~
Note
FYIP, I have no idea what voodoo-mangeries are. =PNote
We see good support as price action bounce on the 61.8% fib level.
However, more bearish news could still impact the price to trend downwards, but if nothing else appears on the headline, things are looking good for ZIL.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.