Zilliqa High Volume After New All-Time Low (180% Possible)A new low has been hit for Zilliqa (ZILBTC) on the 13 May. I am noticing many altcoins that went through the same.
After this new all-time low was hit, trading volume had a massive increase.
The RSI went deep into oversold but is now trading above resistance, with plenty of room left available for growth (trending up):
The MACD is showing a bullish crossover and some bullish divergence, not strong but still there. The histogram is now going in favor of the bulls.
An attempt was made to break above EMA10 on the 16 May without success. EMA10 is being challenged again today on super high volume. A close above this level moves Zilliqa from bearish to bullish potential.
With that said, this setup is ready for a trade.
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Namaste.
ZILBTC
ZIL : Upto 250% profits Opportunity for the Mid TermRSI : 29
Volume : Need an increased momentum.
Note : Tried to construct an elliott wave move on the 1 day chart so need more energy to break the newly created resistance trend line. By this it might take some time to get a huge profit from this call which makes it a Mid to Long term investment to #HODL. When ALT's season started up it will give upto 250%+ profits. Further it need to break out the newly created resistance trend line to confirm a reversal bull trend.
Market Scenario's
The Alt market depends on the trend of Bitcoin and ZIL will depend on the trend of Bitcoin since it will not have a major fundamental outcome which makes it to boom in the short term. This scenario's are
Scenario 1 : If Bitcoin is going to correct one other time towards the $6700 - 7100$ or consolidate for the short run ZIL will have the probability to follow the green arrow as depicted on the 1D chart.
Scenario 2 : If Bitcoin is going for another leg up and breaks the $8K resistance line it will follow the red arrows first by further going downwards and bounce back and the next formed Bitcoin correction started.
Accumulation Area : 201 sats - 240 sats
Distribution Areas :
Target 1 : 261 sats
Target 2 : 279 sats
Target 3 : 297 sats
Target 4 : 327 sats
Mid To Long Term Targets :
Target 5 : 366 sats
Target 6 : 405 sats
Target 7 : 489 sats
Target 8 : 531 sats
Stop Loss : 200 sats
Risk : High
Capital Allocation : For short term traders 3% to 5% and for long term Traders Upto 15% depending on your diversified allocation portfolio status.
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Team TWA.
WE HAVE BEEN WAITING YOU ZIL ?!!well its risky trade but due to lot of FA news on it .. seems its worth a try
lets buy between 200/230
stop below 200 if daily candle close below it ..and rebuy back if it broke at 120 sats !!
Targets on chart
Events :
Zilliqa (ZIL)
31 May 2019 (or earlier)
Smart Contracts Ann.
"We will enable smart contracts on the mainnet... and share updates on the official date during the latter half of May 2019."
30 June 2019 (or earlier)
Core Protocol Enhancement
"Zilliqa core protocol enhancements," released during Q2 2019.
30 September 2019 (or earlier)
Core Protocol Refactoring
30 September 2019 (or earlier)
Scilla Enhancements
Long Term investment up to 6 months
Good luck
Zilliqa/Bitcoin/Tether #ZIL $ZIL #BTC $BTC #USDT $USDT (13 May)Currently, ZIL shows that it's a good coin to hold long-term. During the discount process, ZIL has left some future price targets at 347sts or 0.02265$, this is an increase of about 50% from current price
If you intend to buy it, 220sts or 0.0149$ are good buyzones
The main trend is still down and continue to accumulate here
Note : No All-in when buying ZIL
$ZIL On price discovery action for a new support...$ZIL On price discovery action for a new support after breaking ATL BTC levels...
Over 30% down since the UCTS Buy signal...
Next support based on the Fib retracement levels is at ~271sats
Wait for now until signals of reversals/support are clear.
#ZIL #Zilliqa
Zil/btc analysis using Elliott wave and harmonicZil/btc analysis using Elliott wave and harmonic and techniques analysis
BUY ZONE : 271~260
Short term TARGET : 370~401~431
Mid term target : 516~548~567~583
Stop loss : 250 or closing one candle one day below the trend
Good-luck and please share the analysis