Zilliqa - Is it leading the Altcoin bullrun?Hey everyone, been a minute, I've been out surfing and spending time with the family and friends. Which btw is what life is really about, not these trading games.
Now, into the trading games:
Its simple. Its in the title. Zilliqa I think is leading the ALTCOIN bull run. Which has started but hasn't quite popped off yet. ie. hasn't reached mania stage obviously. You'll know its at that point when they start moving 20-150% EVERYday.
Market makers create these chart pricing shapes, by creating impulse buys and sells in the minnows. It seems the MM on ZIL have their algos set to an earlier program. Why? I have no idea. Maybe its a test run of sorts. Anyway its reasonably clear to see and gives me hope for the other big caps like ADA.
We just got a higher high on ZIL today, which was CRUCIAL spot for it to do so.
If indeed this theory is correct we are on the verge of a pretty big leg up for some popular ALTS. I am looking at ADA, XLM, RSR, DIA, VET, TRAC.
Goodluck fellow degens. Lets get it.
Zilliqa
Zil is on the run after breaking the descending channel!Zil broke finally out of the descending channel it formed on the way down from its previous high at 1 cent
Zil bounce off the strong support at the 0,066 range and finally reach a major resistance at the 0,85
But now it finds support at the old descending channel that could be a start of a major bull run toward the upside
expect resistance and correction on the way up at different levels especially the 0,09 and 0,1 barrier, if that one broken then we can see a 0,15 Zil easily
Trade carefully
Zil/Usdt- A different perspective.What we have here- Highlighted above is what happens every time there is a daily cross up on the stochastic.
1. 21st Sep to 2nd Oct - 72% rise.
2. 25Th oct to 25th nov - 119.45% rise.
3.10th Dec- 27Th Dec - 255% rise.
Now, the RSI has bounced off the support beautifully, however, the price is reacting strongly to the long term accumulation trend line which is the major overhead resistance that zil will have to overcome to give us another statistically probable move to the upside riding on the momentum provided to us by the stochastic cross on the daily.
$ZIL (ZILLIQA) STILL CORRECTING. NICE SHORT SETUP Hello traders & investors.
We have neutral ground play on this 2H chart. RSI is between 60 - 40 corrective and chopy price action while we are inside of it.
We should see a relatively rapid sell - off very soon.
I'm short from $0.08187. Will flip long at $0.056!
Once we lose that $0.078 level - longs will get rekt pretty quickly.
Will post simmilar Idea that I see on other alt soon! Enjoy the ride, let's make money.
This is not a financial advice :)
Zilliqa breaking through this channel possibly 1st quarter 2021I have a hunch that if Zilliqa breaks through this channel and heads to break its previous all-time high of $0.23 we may see a rise to between $1 and $3 then retracing back to under a $1. Please do not take this as trading advice as this is only a speculative position I am taking on Zilliqa. This may never pan out but with all the hype in BItcoin and the massive amounts of institutional money pouring into this market I really believe Zilliqa will be primed for whale activity and we may get blown away with price movement in the short term. The green line above the channel is the breakout and the red is the retracement back down to possibly make contact with the channel but never pierce through it. So the channel may act as support for Zilliqa as it heads to this $5-$8 target or higher.
Notice the red line above the channel, this is the trend for the Beam Bands I have set on previous chart. If we break through the $0.23 ATH then it could be we may target the top of this beam bands and hit a price of $0.33. if we break this $0.33 range then we go higher and like I mentioned above we may go between $1 and $3 before we retrace back down to the channel as support. Who knows, I could be dead wrong here but an interesting possibility.
ZILUSDT - Uptrend continuation 🔼 ZILUSDT is printing a falling wedge pattern.
Price is testing the wedge resistance.
RSI is printing a bullish divergence signal.
Price action is printing the double bottom reversal pattern.
Buy entry ⬆️ - breakout above the falling wedge resistance + double bottom neckline resistance.
Target 🎯 - resistance levels.
Setup invalidation ❌ - breakdown below the the double bottom support.
Can we touch ATH of ZIL in Few Weeks?As you see in the chart we have strong ascending channel in daily time frame, we can see that price has reacted several times to the midline and top and down of the channel and make it reliable, in case of strong Rejection by Midline marked as number 4 eliot wave , we could be hopeful that bullish continuation will touch top of the channel and also hit the ZIL ATH in a few weeks.
Zil/USDT- Re-accumulation from a daily perspective.Posted the same chart previously but on a weekly timeframe. This will make much more sense watching it play out on a daily timeframe, while coming together to tally with the weekly eventually. The purple line marks what I think would be the time period for the ongoing reaccumulation. Note: The previous reaccumulation phase lasted 189 days but that was in a bear market, so the time periods might not tally to the T.
ZILUSDT another breakout expectedHi friends, hope you are well and welcome to the new update on the Zilliqa coin.
In the previous article, we have seen that the price action of Zilliqa found a weak bearish an then bullish cloud resistance of Ichimoku cloud on weekly chart. Therefore, there was a strong possibility for a big breakout. Finally, the price action turned strong bullish and produced more than 215% rally in US dollar market and 185% in Bitcoin market.
The price action is at EMA supports:
Now on the daily chart, the price action of Zilliqa coin is at the exponential moving averages with the time period of 10 and 21 supports. The priceline is using these EMAs as supports very well after Sep 2020.
The simple moving averages:
On the same daily chart, the simple moving averages 25, 50, 100 and, 200 have formed a complete opened alligator mouth, as we have the smallest simple moving average is above all and the biggest time period simple moving average is below the rest of the SMAs. So we can expect that this bullish rally won’t be ended unless this alligator’s mouth won’t be closed.
Different supports and resistance levels and rejection:
The price action has first crossed the $0.05 then $0.07 resistance levels and now rejected by the $0.09 resistance. At the moment, the candlesticks of Zilliqa’s priceline are using the previous resistance $0.07 as support.
The formation of the down channel:
On a small time period 4-hour chart, the price action of Zil coin has formed a down channel and likely to take bounce from this support. There is also 100 simple moving average at the support of this channel that will be helpful for the price action to take bounce from this level. The volume profile is also showing less interest of traders below the support of channel and high interest above the resistance. The point of control (POC) of the volume profile is also above the resistance therefore, there are strong chances for the breakout.
Conclusion:
Even though, the price action of Zilliqa has very powerful supports of $0.07 price level and the support of channel and 100 simple moving average as well. However, the support of this channel should be used as stop loss to minimize the risk factor, this advice is for the day traders of Zilliqa.
Zil recovers from the down trend and turns bullish! Opportunity!Zil hits strong support yesterday at 0,66 and recovers on its way up to the +0,07 zone with 15% up
it hits strong resistence at 0,077 but shows good sign of recovering from the last drop
EMA 10 gets again under the 21 and gives some bullish sign
If Zil finds good support at 0,075 expect a nice up trend with the right volume to target 0,08, 0,09 and 0,1...
ZIL bull flagPlease feel free to share your view on this pair down below in the comment section. I'm more than happy to be challenged and have an interaction on this idea. Also make sure to leave a like as it helps me out a lot!
-----------------------------------------------
Zilliqa:
- Tested previous resistance
- Bull flag formation
- MACD curling up
ZILL/BTCHi all! As you can see on the zill/btc chart, there's been a massive correction (almost 50%). After reaching the support that's shown on the chart, the price starts to slowly rebound WHICH IS A VERY GOOD SIGN! If we see some major volume increase in the next 2-3 days, this might mean that we'll MOON!
Trade safe and DYODD!