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Zil

ZILUSDTThis is a 1D frame analysis for ZILUSDT The support area was able to support the price again and continue its upward movement. It is expected that the price will be able to surpass the first resistance area. Keep in mind that if the price breaks through our support line again and cannot push itself up, it may break through the support line below. However, given the weekly candle that has been closed positively, we expect the price to be able to have an upward trend.
Long
by MarsSignals
Zilliqa /US Dollars (ZILUSDT) Short Selling Chance19/02/2023Technical Analysis: In this analysis, I adopt an all-encompassing approach that melds Fibonacci retracement and extension levels with Fibonacci Projection, confluence analysis, and the MACD indicator, with a distinct short sell bias for the 30 Minutes Time frame as requested on the assignment, dated on 15/09/2023, 12:55 pm on LinkedIn message section. Additionally, I'll introduce a strategic Dollar-Cost Averaging (DCA) strategy with two scale-in levels. Please refer to the chart for a comprehensive visual analysis: please zoom out the chart for better comprehension. Key Technical Observations: Fibonacci Levels: My analysis meticulously places Fibonacci retracement and extension and levels on the chart, highlighting potential resistance zones and solidifying the short sell bias. MACD Divergence: Vigilance for MACD divergence patterns remains paramount. (Bearish Divergence) accompanied with (Hidden Bearish Divergence) bolsters the short sell bias. Strategic Entry Points: I identify key entry points for initiating short positions, at $0.01620 Spot Price at the time of publication capitalizing on price movements in harmony with the overall bias. DXY is very much bullish which is an other sign that the Total Crypto Market cap may fall and ultimately BTC will dip to the lower prices the above analysis can show the possibilities of DXY rally Technical Conditions: Take-Profit Levels (TPs): To maximize potential gains from the short sell bias, consider the following TP levels: 1st TP: $0.01619 2nd TP: $0.01580 3rd TP: $0.01550 Dollar-Cost Averaging (DCA): I advocate a DCA strategy for scaling into short positions. Start with a partial position at the initial entry point and progressively adding to the short position at the following DCA scale-in levels: Scale-In Level 1: DCA Price Level 1: $0.01635 Scale-In Level 2: DCA Price Level 2: $0.01650 Stop Loss: Prudent risk management includes placing a stop loss at $0.017 which is above the 0% level of the minor reverse Fibonacci Retracement level, to safeguard against unexpected price reversals. Trading Scenario: Short Sell Bias: Given the confluence of Fibonacci resistance, a bearish and a hidden MACD divergence, and strategic entry points, my analysis strongly favors a short sell bias. Adaptability: Stay adaptable to market conditions, prepared to adjust your strategy in response to any unexpected developments. This analysis is grounded in historical data, technical indicators, and a clear bearish bias, complemented by a DCA strategy with two scale-in levels. As with any trading strategy, it's essential to conduct thorough research, adhere to your trading plan, and continuously refine your approach as we navigate the dynamic cryptocurrency markets. I eagerly await your insights and engaging discussions about this analysis, as we explore opportunities in bullish market scenarios!
Short
by BitonGroup
🔥 ZIL At The Verge Of Breaking Out: New Moonshot SignalZIL has been trading below the top resistance for around 18 months. The 0.0155 support held strong all this time. A break out on either side was expected after the support and resistance converged. If we can close the week above 0.018, I'm treating it as a successful break out of the triangle pattern. In my view this could be the definite low of this token with much more upside ahead. It's a risky long-term bet with a very good R/R ratio of 52, which can be a massive boost for the trading balance if it plays out. As always, patience is key.
Long
by FieryTrading
15
ZIL/USDT 1H 1HZIL/USDT 1H If the price holds above the 0.01764 support level and breaks the 0.01823 and 0.01835 resistance, we could see a continuation of the uptrend. However, if the price falls below support, especially 0.01725, we could be looking at a deeper correction, as on the one hand, the RSI suggests that the market may be overbought, which could indicate a correction soon. On the other hand, the MACD shows a buying momentum, suggesting that the uptrend may continue. Without a doubt, Zilliqa's main innovation is Sharding. By using sharding, Zilliqa divides its network into several smaller parts, called shards, that process transactions and smart contracts in parallel. This allows the blockchain to achieve a high number of transactions per second (TPS) as the network grows, a crucial aspect for scalability. Good end of the week 🔸Main support levels: 0.01764/ 0.01725 🔸Main Resistance Levels: 0.01823 / 0.01835 ➡️RSI: Exhaustion of forces BUYERS ➡️MACD: Buyer Symbol: ZIL Maximum supply: 21,000,000,000 ZIL Consensus: Proof of Work Released in: 2018 Official website: www.zilliqa.com
by ferulianov
ZIL/USDT Upward Momentum ??? Zilliqa Today AnalysisHello Paradisers, ZIL: A Weekly Perspective 💎Currently situated in a robust demand zone on the weekly chart, ZIL has historically shown resilience and rebounded from this area multiple times. There's a good chance that ZIL could experience a bounce and make its way back to test the supply zone in the medium term. 💎However, should ZIL fail to maintain its position in this strong demand area and close below it, the asset could potentially descend to the Bullish Order Block, where additional accumulation could be considered.
Long
by MyCryptoParadise_Nathan
ZIL ANALYSIS (1D)Hi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the ZIL symbol. zil provides the conditions to enter the upward movement. It can move up while maintaining the green area. I specified two tp. It is not necessary to move up to tp 2, but in case of whale attack, it can go up to tp 2 For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
ZILUSD: Testing the 1D MA200, in anticipation of a strong breakZilliqa has come today the closest it has been on the 1D MA200 since the May 8th contact, turning the 1D time frame largely bullish (RSI = 67.434, MACD = 0.000, ADX = 54.733). Consequently, a break above it, should set in motion the last part of the bullish leg that started at the bottom of the long term Channel Down. We will buy if the 1D MA200 breaks and target the top of the Channel Down (TP = 0.0300). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
BINANCE:ZILUSDLong
by InvestingScope
2
Zilliqa's Thin Ice: A Potential Bullish Turn or a Strong Sell-of💎 Today, #ZILUSDT has made contact with a crucial demand zone, simultaneously reaching the lower boundary of an extended descending channel. In tandem with this, we've observed a clean bounce off the 227.2% Fibonacci retracement level. These factors collectively suggest that we might be at the bottom. 💎 If the price manages to stay above today's low, it could signal a shift towards a bullish trend. While we're not necessarily forecasting a long-term uptrend, we can anticipate a relatively strong pullback. 💎 Keep a close eye on the $0.024 resistance level, which corresponds to the commonly observed 61.8% Fibonacci retracement level. If the price manages to break past this point, we could see a double top forming near $0.025. 💎 However, tread lightly, ParadiseClub members. FWB:ZIL is treading on thin ice. A new lower low could trigger a strong sell-off. Stay vigilant and join us in monitoring the current price action.
Long
by MyCryptoParadise
#ZIL/BTC has potential to pump 300% after the breakout!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities. Consider following me for the latest updates and Long /Short calls on almost every exchange. I post short mid and long-term trade setups too. Let’s get to the chart! I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice. #ZIL/BTC Bought some ZIL in the BTC pairs at spot. Expecting a 300% bounce after a breakout Stay tuned I will keep updating This chart is likely to help you make better trade decisions if it does consider upvoting it. Thank you
Long
by CRYPTOMOJO_TA
4
SasanSeifi 💁‍♂️ZILUSDT /LONG VIEW 👉3D ⏭ 0.033/0.037 ⬆ Hello everyone ✌ In the long-term timeframe, as you can see the price is currently trading in the 0.030 range of the long-term downtrend line. I think if the 3-day timeframe candle closes above the 0.030 range. The price will grow up to the target range of 0.033/0.037 and the FVG range of 0.040. We have to see how the price will react to the long-term downtrend line. ❎ (DYOR)...⚠⚜ What do you think about this analysis? I will be glad to know your idea 🙂✌ IF you like my analysis please LIKE and comment 🙏✌
Long
by SasanSeifi
ZIL/USDT Technical Analysis:ZIL/USDT Technical Analysis: Will the Zilliqa Network Upgrade and Hard Fork Lead to a Price Dump? ZIL, the native token of the Zilliqa blockchain network, is currently trading at $0.033. As per the chart, a double top pattern has formed, and the price has already been rejected from it. This suggests a potential downside move in the near future. Furthermore, the Zilliqa network upgrade and hard fork are scheduled to take place on 25/04/2023, which may cause the price of ZIL to dump. This is a common phenomenon in the cryptocurrency market where traders tend to buy the rumors and sell the news. In this article, we will analyze the technical indicators and news regarding ZIL to understand whether it is a good time to buy or sell ZIL. Technical Analysis of ZIL/USDT As per the chart, ZIL has formed a double top pattern, which is a bearish reversal pattern. The price has been rejected from the resistance level, and the next support level is at $0.030. If the price breaks below this level, it may fall to $0.027 and $0.025, respectively. The Relative Strength Index (RSI) is currently at 45, which indicates a neutral zone. If the RSI falls below 30, it may suggest an oversold condition and a potential buying opportunity. The Moving Average Convergence Divergence (MACD) is also in a bearish zone, and the histogram is showing a negative trend. This suggests that the bears may be in control of the market. ZIL Network Upgrade and Hard Fork The Zilliqa network is scheduled to undergo a major upgrade and hard fork on 25/04/2023. This upgrade aims to improve the performance, security, and decentralization of the network. However, such upgrades and hard forks often result in a price dump as traders tend to sell off their holdings after the event. Takeaways Based on the technical analysis and news, here are the key takeaways for ZIL/USDT: ZIL has formed a double top pattern, suggesting a potential downside move. The next support level for ZIL is at $0.030, followed by $0.027 and $0.025. The RSI is neutral, while the MACD is in a bearish zone. The Zilliqa network upgrade and hard fork on 25/04/2023 may lead to a price dump. Conclusion In conclusion, the technical indicators and news suggest that the price of ZIL may experience a downward trend in the near future. Traders should be cautious and consider selling their holdings if the price falls below the next support level of $0.030. However, it is important to conduct thorough research and analysis before making any investment decisions. As always, this is not financial advice and readers should seek the advice of a professional financial advisor before investing in any cryptocurrencies. Follow us for More Quality Content. Thank you.
Short
by CryptoPatel
3