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Zilliqaanalysis

ZIL (Zilliqa) Analysis 14/03/2021we have analyzed this coin and capitalized on the Specified Targets. new analysis and Positions are taken... Fundamentals: Zilliqa is a public, permissionless blockchain that is designed to offer high throughput with the ability to complete thousands of transactions per second. It seeks to solve the issue of blockchain scalability and speed by employing sharding as a second-layer scaling solution. The platform is home to many decentralized applications, and as of October 2020, it also allows for staking and yield farming. Development work officially started on Zilliqa in June 2017, and its testnet went live in March 2018. A little over a year later, in June 2019, the platform launched its mainnet. The native utility token of Zilliqa, ZIL, is used to process transactions on the network and execute smart contracts. Zilliqa claims to be the world's first public blockchain to rely entirely on a sharded network. This allows it to achieve high throughput and a high rate of transactions per second, which it says solves the scalability issue. Because each shard processes transactions individually, as the network grows and the number of shards increases, the number of transactions that can be processed per second also increases. As well, records are immediately added to the Zilliqa blockchain after being processed, meaning that no additional time for confirmation is required. Zilliqa seeks to become the blockchain of choice for large-scale enterprise use, including among the advertising, gaming, entertainment and financial services and payments industries. In its 2018 position paper, its team states that the platform "aims to rival traditional centralized payment methods such as VISA and MasterCard." Zilliqa was first conceived by Prateek Saxena, an assistant professor at the National University of Singapore School of Computing. Saxena and several students in the School of Computing published a paper in 2016 that outlined how a sharding-focused blockchain could improve network efficiency and speed. Around the same time, Saxena co-founded Anquan Capital alongside Max Kantelia, a lifelong finance and tech entrepreneur, and Juzar Motiwalla, former president of the Singapore Computer Society. The company incorporated Zilliqa Research in June 2017 to develop the Zilliqa network, bringing on Dong Xinshu as its CEO, Yaoqi Jia as its chief technology officer and Amrit Kumar as its chief scientific officer. All three previously worked as research fellows at the NUS School of Computing. Both Anquan Capital and Zilliqa Research, the company responsible for developing Zilliqa, hold significant reserves of ZIL. Technical Analysis: As you can see the price has done its accumulation phase 2 times in past and now is ready for an aggressive move up. we can use the Fibonacci projection for identifying the targets and distribution zones further we have specified total of 3 targets where as we get our 3TP confirmation if the price rallies to the 2TP followed by some correction and reaccumulation.
Long
by BitonGroup
6
Zilliqa Looking for a Bounce!Zilliqa has been slowly moving up along out uptrend support line but has felt BTC's sharp drop for sure, we are looking okay though we are approaching the 0.2 FIB level which intersects with the uptrend support level so we could be looking at a likely bounce zone, now keep in mind a lot rides on BTC and this could all be voided if BTC continues to drop. Now look at the bollinger bands we have fallen underneath the midline which is now resistance but if you notice how much the bands are squeezing this indicates volatility is shrinking and an explosive move is on the horizon, now the BB's don't indicate which way but if we do see this bounce we could have a good chance of rebounding to the upside and hopefully kicking off this explosive move in the right direction. Something very important that we must keep an eye on is that bottom band, we definitely don't want to move down further and risk grabbing onto here because then we would be in for a very steep move to the downside, historically grabbing this bottom band leads to a correction, could be big small or medium sized and then pair that with the squeezed bands.. it would not be a very enjoyable ride lol, but hey it could definitely provide a great buying opportunity worst comes to worst. Now the pivot bands, we have already wicked off the red pivot band once and now if we continue to do so in the coming days it is very likely this will lead to a jump up in price action, check out the far left of the chart we had many touches on the red band and what followed right after was a big rally to the upside, same thing moving more recently, i have marked wick touches with white circles and you can see that when we have less touches we have a smaller move in the opposite direction. SO all it really takes is 2-3-4 wicks onto one of these pivot bands until we could see a move in the opposite direction. Now the Wavetrend, we are coming down fairly rapidly but what caught my eye is that we have obvious uptrend support just underneath our current spot leading me to think this also plays into us having this potential bounce, we want to see the wavetrend start to slowly curl to the upside and remain that way before we can confirm anything, we also do have support coming from the midline so that is another area where we could see this play out! Not financial advice just my opinion!
BINANCE:ZILUSDLong
by JacobR905