ZILBTC
Zilliqa VS Bitcoin Reached The Downside TargetFollowing the previous idea on Zilliqa , price has reached the downside support, that has been rejected cleanly. The support is based at 815 satoshis, which is confirmed by 78.6% and 227.2% Fibonacci retracement levels.
Along with the Fib support, ZIL/BTC rejected the 2/1 Gann Fan Trendline, suggesting the potential corrective wave up or a trend reversal. At this stage conslidation phase might start and it will be important to watch current support. Daily break and close below 815 satoshis, should result in further decline towards 600 satoshis, which is 88.6% Fibs.
But, if the current support will hold price is likely to increase towards previous resistance at 50% Fibs, that is 1430 satoshis. This could be a strong corrective wave up, but if the 1430 resistance is broken, the long term uptrend could continue, which might send price to the new all-time high.
Alt coins that you should shortHello traders,
Here are the list of alt coins that I will be looking to short if it goes below the support line.
XRP (Ripple)
Ripple is currently at 5300 Satoshi, and if it goes below this support, then next support will be 3500 Satoshi.
IOTA
IOTA just lost key support at 13000 Satoshi and looking for support at 8500 Satoshi. RSI is in oversold region in daily chart, so 8500 Satoshi will most likely be support for IOTA.
Zil
Zilliqa recently lost the support at 700 Satoshi level and looking to find support at 550 Satoshi.
I will keep updating this list as the time goes on.
Happy trading!
ZIL - Odds of TOBOIt is possible to say there are three screnarios on 4h ZIL chart on Binance;
1- She can not break Trend-Based Fibonacci Extension 0.5 line which is going to cross with Ma21 in next few hours and keep decrease in the descending trend channel.
2- After bouncing from descending channel support, she makes a RSHS (Reverse Shoulder Head Shoulder) which has neckline that is same line with Trend-Basde Fibonacci Extension 0.382.(Weak Possibility)
3- Non of these. (Strong Possibility)
Get ready for a new bull market. Zilliqa 184% profit ahead. Hi guys,
It's some time ago, but I provide you with a new idea for Zilliqa. It's looks like the cryptomarket is bottoming out again and I spotted signs of a new bullmarket coming.
Here is the idea:
Buy: Now or after confirmation
1st target: 0.08794
2nd target: 0.13179
3thd taget: 0.15416
Good luck.
ZILLong-term deal
The price now with strong resistance has been tested several times and the price has rebounded upwards of 890 Satoshi
Buy from current prices
For anyone who wants to use Stop Loss 820 Satoshi
Always go in gradually and consolidate purchase from the bottom
821-670-540 Satoshi
Best placing orders are 75% suspended and 25% left for long term prices
The expected profit ratio is 140% of the price of Satoshi 890 to 2150 Satoshi
Zilliqa VS Bitcoin Indecision Zilliqa recently rejected the upper trendline of the descending channel. At the same time price bounced of the 50% Fibonacci retracement level, that is 1430 satoshis. The rejection was clean and ZIL/BTC started to move down.
ZIL found the support at 78.6% Fibonacci, that is 1040 satoshis, whith today has been rejected cleanly as well. It seems that price has stuck between 1430 sats resistance and 1040 sats support. This could result in a consolidation, until market will decide whether to break above or below.
Break above the resistance should confirm the long term uptrend continuation, sending the price to the new all-time high. On the other hand, break below the support could send price lower, towards the next, key support, at 815 satoshis, that is confirmed by two Fibonacci retracement levels.
"Wait and see" approach at this time seems to be most reasonable as market indecision seems to be obvious.
long ZIL / BTCFA :
+ $ZIL Mainnet in Q3
+ successful Testnet v2 + possibility to deploy Smart Contracts written in Scilla + over 10K TPS @stresstest with 1000 Nodes and 4 shards
TA :
+ falling wedge
+ bounce of the 0.786 fib
+ bullish divergence
+ ZIL/USD holds still above a longer term bullish trendline.
- if BTC continues its uptrend without a rest it could still go lower
- we have been forming a similar wedge and broke down on June 22nd
in case it beaks down below the wedge I expect it to go to the second green Area at the 0.886 fib which should give us more support.
SA :
possibility of an ETF approval for $BTC is shifting money from ALTs to BTC causing the further dump of ALTs
alts can follow as soon as $BTC cools off
Zilliqa - Decision time ahead - Bull & Bear scenario If Zilliqa stays in the triangle a breakout will be inenvitable. Probably surpassing the ATH.
But if it breaks down the next strong support will be at around 725 satoshi.
Histogram looks good and OBV aswell so I'm more leaning towards scenario 1, but first waiting on how the daily closes. Scenario 2 is not off the table yet.
absolute low would be around 660
ZILBTC: BREAK OUT AFTER DOUBLE BOTTOM?
ZIL broke my green support trend line.
I expected it to break out, but it didn't.
Now looking at the daily chart: might there be a double bottom forming?
In blue I drew the setup of what might be that double bottom.
Hoping for the break out!
If not, it's further down for ZIL...
No financial advice, just sharing my thoughts here.
Zilliqa gains momentum...‘Etheremon’ is moving from #Ethereum to #Zilliqa. This is largely due to the high gas prices that have recently been experienced on the #Ethereum network, which is limiting the gaming experience. The high gas prices are a consequence of the #Ethereum scalability issues.
#Ethereum is not currently suited to #decentralized #gaming until its #plasma #network is operational or a sharding solution is implemented.
#Zilliqa is a DApp development platform much like #Ethereum. However, it is built with scalability and security in mind. Testnet speeds clock in at 2,488 #transactions per second.
“#Gaming is viewed as one of the big potential applications for blockchain because it gives game developers the ability to directly incentivize gamers with rewards and also offers true #ownership of in-game assets, even if the game were to be discontinued costs”
Many are describing #Zilliqa as the ‘#Ethereum #Killer’. If #Etheremon moves fully to #Zilliqa, it may have to change its name to #Zillimon instead.
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