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Zil

ZIL/BTC daily outlook 7/12/2020Good morning everyone and welcome to my alt coin analysis. I have been getting a lot of requests so every time I feel like analyzing a coin I go to the list and pick the next one down. Right now it is ZIL/BTC. I see that so many alts look quite similar to this chart. Almost a year of flat sideways movement with almost nothing exciting occurring. That is until May of this year. We saw a 5X jump from nearly 60 sats to 310 sats. That is exciting and I congratulate anyone that had the foresight to buy at 60 sats... Your patience has been rewarded. We have dropped a bit since this years ATH of 310 sats. No sweat though right? Only time will tell us if the gains will hold. I pointed out on the chart that this particular coin has been moving sideways and flat in some sort of huge accumulation period. It stayed around 60 sats for almost 1 full year before finally becoming bullish again. But if you look at the more zoomed out (weekly time frame) we are still very far from the previous ATH of nearly 2500 sats. So we are still very far from that. But that doesnt mean we cannot make some money off this alt. I also pointed out that the daily has a full on golden cross. This golden cross sort of reminds me of the one we saw on the BTC/USD chart last year in May. We shot from 5500 to 14k in a matter of weeks after that golden cross. I say this often but not all golden crosses are created equal so you should understand that before you jump into a long on account of this analysis. I also threw a traditional fib onto the chart to get an idea of where support and resistance could lie and it looks to me like we are testing the .382 fib (yellow fib line) pretty strongly. I have already received a sell signal for now so we may drop below this .382 fib if that sell signal was right. Only time will tell of course. We are still nearly 4X up from earlier this year so there would be no shame in taking some profit even after missing the ATH this year. Believe me, traders rarely sell at the top. Many claim they never miss the top but if you ask me I think its BS. If they were that good they would not need to work a 9-5 on top of trading. But then again WTFDIK??? TLDR: I like what Im seeing with Zil... Its nice to see life in this alt after some pretty solid consolidation that has finally come to a conclusion. If you want to go long at this point set a stop loss.... But that is a rule I always stick with. Good luck everyone!
by UnknownUnicorn4304403
2
Alligators Trend Following on ZILHello, Traders. Our indicator is showing that we are still in a downward trend since the formation of the top, I believe that we can sideways between 180 satoshis to 220 satoshis, that is quite a volatility. The buying point in this asset is when the price goes above the alligators moving averages, so the buy point is going to be on the pullback to the "lips" line See in this example above what needs to happen in order to have a good buy, the price needs to be above the 3 lines of average movements and make a pullback to the green line, so we end an excellent trade with a good risk-reward. Patience Pays. Push the like Button and follow us on TradingView.
Long
by MarketMinds
ZIL Retracement Price Action Post Parabolic AdvanceZIL has had a brilliant couple of months, thus creating a very nice price trajectory in a parabolic advance trend, that now needs to be worked out next. Seems like the $0.0215 level is lost for good, so I will for the time being discount any possibility to revisit it. BUT if this level is broken and closed above, straight up continuation is more likely. $0.0173 Level has given the expected reaction already, so if this level is to be re-tested it is more likely than not to be broken, and so would create reason to test either $0.0160, or $0.0141 or both. There is likely to be a good reaction of this level and even a possibility of resumption of the uptrend, but IF broken and closed below, traders watching this pair should look down below. The levels this chart has below the strong median support at ~$0.0150 are around the $0.0121 mark, down to $0.0083. Any of these levels could realistically be revisited and offer a great opportunity to enter, although the latter level is LESS likely. Since the weekly did not manage to close a candle above $0.025, I'm afraid a deeper pullback is in play and therefore have my eyes nearer the lower values. As always, however, watching local levels play out will eventually show us where support is gained and a change of trend will happen. Till then NO BIAS and just watching the price action. Remember that anything can happen, and trading is just a game of probabilities. So do plan accordingly, and trade safe.
BINANCE:ZILUSDShort
by Ven7ura
ZIL and his next movingWe are now testing werry strong yellow support on price 0,18$ to 0,195$. From this support we will get more the answers where we can going. I think, that we going to 0,22$ and come next correction to yellow support and at the same time confirmation of the red line. When this support and first red line will be confrim, It will be new trend of ZIL for long term. If this trend will be broken, then next red line is possible trend. I search 2 point about 11. may, and this points not have next confirm. This low red line and next lower yellow support is bearish target for middle term, who is possible when BTC will going down. We see nice 123 formation, and when I see chart trom this perspective, then ZIL can going on 0,22$ support who will be rejected, next will be confirm red line in yellow support and next will be attack on the higgest yellow line. When it will be broken, we can see slideway about price of first yellow support.
by Nimble_Samuraj