ZILETH
Zil:ETH Bearish Head and Shoulders PotentialTL:DR - Bearish H&S pattern forming against Ether, watch for breakdown to 0.0001925. Otherwise we are in a sideways channels with no clear trade.
This is the Zil:Eth 4H chart. Zil did have a nice bullish candle on 5/19 where the descending wedge and blue upward trend met. Unfortunately since then ZIL has not held its momentum. Even worse, there is the distinct possibility of a head and shoulders formation which is bearish. The H&S looks very valid as there is decreasing buy side volume and increasing sell side volume. If it is valid I would expect a price breakdown in the next 1-2 days with a spike in sell side volume. Conservative price target is the black dotted line at 0.00019247 BUT it could go much lower depending upon where you measure the peak of the head (If you don't understand this look up the H&S pattern and how to measure a price objective).
REMEMBER, this is a Zil:ETH chart, not Zil:USD or whatever your favorite fiat is. Zil could maintain its price of about $0.12 and still complete this H&S pattern if Ether breaks out. So this chart does not necessarily mean Zil's price in terms of USD will go down.
The other, less likely scenario is Zil is forming a sideways channel which offers opportunities for day traders but no clear moves for swing trading.
***This is not investing advice. I am not an investing professional. Do not invest what you cannot afford to lose. All investors should seek guidance from licensed financial advisers and not random people on the internet.***
Zil:Eth Expect to continue on the 1 month uptrendTL:DR - Zil is holding support on the blue dashed uptrend line going back almost 1 month. I expect to hold this and move higher. Otherwise watch for 0.000192 and 0.000177 for support.
I apologize for the busy chart.
Update on Zilliqa with this Zil:Eth 1 hour chart. We have now retraced about 75% from the peak of the bull-run/blow off top. As expected the dashed blue trend line has held as support. We are testing it again and will hopefully bounce off of it. The 66% retracement around 0.000211 acted as resistance and will be a critical level to break, I would expect a retest in the next 1-2 days.
I have added the dotted black line as this could be a downward channel that could be used for day trading. I have left the dashed red line as well which admittedly makes this chart an eye-sore. If indeed this was a Bull pennant (red dashes) then we should break through the 66% retrace line acting as resistance and I will be able to delete those lines. If it is a downtrend channel then the black dotted line will act as resistance.
Finally, the blue line continues to act as support. This is an extension of Zil's uptrend just prior to its breakout. Holding this line will carry us through 0.000211 and higher. A break of this line and watch to 0.000193 and then 0.000177 for the next supports.
***This is not investing advice. I am not an investing professional. All investors should seek guidance from licensed financial advisers and not random people on the internet.***
Could Zilliqa (ZIL) Be The Answer To Blockchain Scalability?Zilliqa (ZIL) currently offers one of the best scaling solutions by focusing on transaction throughput and sharding. This means that Zilliqa (ZIL) even with its less number of nodes as of now is able to conduct a lot more transactions per second than Ethereum (ETH) or Bitcoin (BTC). It is also capable of handling tens of thousands of transactions per second. This is made possible by the concept of sharding whereby different nodes are combined into groups to process transactions a lot faster than usual. This means that blockchain projects that require transaction speeds higher than currently possible with other blockchains would find it useful to switch to Zilliqa (ZIL).
Read Further: cryptodaily.co.uk
$ZIL Just completed its 5th waive? #ZilliqaI have to say that I've been quite impressed with the overall growth of this project, they've managed to do it organically as well.
After seeing a healthy run it would seem that she's run out of steam and with other coins being the primary focus as we enter the week for the consensus conference in NYC. I can see other holders of this coin selling and taking profits to invest in other more attractive coins as we start to see the result of the crypto conference in NYC.
Anyone have some thoughts on this? What's your perspective.
ZIL Stairs to HeavenZIL is looking really healthy right now. With this project still being in early development with great test net results... I'm saying we could easily see that match price value of ETC or QTUM.
This is not financial advice homie.
ZIL - Dump or ExplodeAll, take a look at the chart it tells you what you want to know don't get in till you have a candle break above + retest.
