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ZILUSDT another breakout expectedHi friends, hope you are well and welcome to the new update on the Zilliqa coin. In the previous article, we have seen that the price action of Zilliqa found a weak bearish an then bullish cloud resistance of Ichimoku cloud on weekly chart. Therefore, there was a strong possibility for a big breakout. Finally, the price action turned strong bullish and produced more than 215% rally in US dollar market and 185% in Bitcoin market. The price action is at EMA supports: Now on the daily chart, the price action of Zilliqa coin is at the exponential moving averages with the time period of 10 and 21 supports. The priceline is using these EMAs as supports very well after Sep 2020. The simple moving averages: On the same daily chart, the simple moving averages 25, 50, 100 and, 200 have formed a complete opened alligator mouth, as we have the smallest simple moving average is above all and the biggest time period simple moving average is below the rest of the SMAs. So we can expect that this bullish rally won’t be ended unless this alligator’s mouth won’t be closed. Different supports and resistance levels and rejection: The price action has first crossed the $0.05 then $0.07 resistance levels and now rejected by the $0.09 resistance. At the moment, the candlesticks of Zilliqa’s priceline are using the previous resistance $0.07 as support. The formation of the down channel: On a small time period 4-hour chart, the price action of Zil coin has formed a down channel and likely to take bounce from this support. There is also 100 simple moving average at the support of this channel that will be helpful for the price action to take bounce from this level. The volume profile is also showing less interest of traders below the support of channel and high interest above the resistance. The point of control (POC) of the volume profile is also above the resistance therefore, there are strong chances for the breakout. Conclusion: Even though, the price action of Zilliqa has very powerful supports of $0.07 price level and the support of channel and 100 simple moving average as well. However, the support of this channel should be used as stop loss to minimize the risk factor, this advice is for the day traders of Zilliqa.
Long
by moon333
ZIL 1D It's time to correct the rapid growthAlmost a month has passed since the publication of the previous idea for ZILUSDT, and during this time a lot of interesting things have happened. We wrote that it is doubtful that the price zone of $0.35-0.40 will break through the first time. And so it happened, the price fell by -16%. And then the published announcement of the main network update Zilliqa v7.0 , organized a strong price increase. + 250% in half a month is a cool result. As we see from the chart, around 21 December, there was a price hitch, in anticipation of whether or not the update will be implemented. When the developers wrote that the update happened, the growth continued. On 27 December, the developers wrote that they had found a bug and fixed it in version Zilliqa v7.0.2. It would seem that there is a positive news background - growth should continue, but ironically, it was then that the ZIL price high was fixed. Such rapid growth must be corrected. Therefore, now we see the maximum possible growth to $0.0865 , and then a minimum fall to 6 cents per ZIL. Although the level that needs to be tested for strength from above, according to the laws of TA, is in the zone $0.035-0.040. And mid-term investors were gaining ZIL in long in the zone $0.0175-0.023 and we think they do not mind buying ZIL there again, which they sold out the day before, fixing a decent profit. _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
by P_S_trade
12
✳️Zilliqa/USDT Analysis (28/12) #ZIL $ZILThe strong selling force has appeared on ZIL's price chart so ZIL's uptrend may be over and ZIL will fall sharply in January. However, the market is quite strong, so the possibility of going sideways and increasing of ZIL is still possible. This could happen if ZIL continues to fluctuate around 0.085$ zone until mid-January. If this happens, we should not trade, wait for a more positive signal then trade. 📈BUY -Buy: 0.056-0.058$. SL if B -Buy: 0.049-0.051$ if A -Buy: 0.034-0.036$ if A 📉SELL -Sell: 0.056-0.058$ if B. SL if A -Sell: 0.049-0.051$ if B. SL if A ❓Details Condition A : "If 1D candle closes ABOVE this zone" Condition B : "If 1D candle closes BELOW this zone"
Short
by CryptoStation
2