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Zilliqabtc

Zilliqa getting on the move!Hey, I am back with another Crypto idea, this time looking at Zilliqa. So I was doing TA, on Zilliqa few days and I have spotted that the price of ZIL/USDT is in a cup and handle bullish pattern, The price is currently testing previous resistance area of the whole breakout, and confirming it as support area. - I am also waiting for a Higher high confirmation - MACD 4H buying wave has started. - RSI is in uptrend. So from now, the trend of Zilliqa moves should be upward. Cheers, Tibor
Long
by TiborVrbovsky
6
Alligators Trend Following on ZILHello, Traders. Our indicator is showing that we are still in a downward trend since the formation of the top, I believe that we can sideways between 180 satoshis to 220 satoshis, that is quite a volatility. The buying point in this asset is when the price goes above the alligators moving averages, so the buy point is going to be on the pullback to the "lips" line See in this example above what needs to happen in order to have a good buy, the price needs to be above the 3 lines of average movements and make a pullback to the green line, so we end an excellent trade with a good risk-reward. Patience Pays. Push the like Button and follow us on TradingView.
Long
by MarketMinds
ZILBTC 440% bullish move and a bullish reversal patternHi friends hope you are doing well and welcome to the new update on Zilliqa coin. Zilliqa has surged more than 440% and in today's article we will try to understand how this coin completed the setup before this bullish move and what the price action can do next? A formation of big pennant: A year ago on 21st June 2019 I posted a chart where I revealed that the price action of Zilliqa coin is moving within a pennant on weekly chart And it take a bullish divergence at any time. At that time the price action found the support at 0.00000200 sats. Froom May to June 2019 the price action moved above 0.00000200 sats support and again moved down at the support of the pennant. Since then it was moving with the support of pennant and finally found the last support at 0.00000055 sats. The price action left the pennant directionless and moved sideways from September 2019 to April 2020. And finally took a powerful bullish divergence and produced more than 440% bullish rally. If we place the Fibonacci tool from the tail of the pennant up to the support of 0.00000055 sats then the sell targets would be as below: 1st target 0.382 Fibonacci projection at: 0.00000300 2nd target 0.50 Fibonacci projection at: 0.00000370 3rd target 0.618 Fibonacci projection at 0.00000440 4th target 0.786 Fibonacci projection at 0.00000540 The above is the projection tail of the pennant to the support of 0.0000055 sats. The strong resistance: After hitting the first target at 0.00000300 sats the price action also has found a strong resistance at this level. This 0.00000300 sats level is really very powerful resistance for the priceline as it has never been broken out since after it was broken down. We have seen several attempts by the price action from the May to June 2019 and after a long time the price action again has attempted to breakout this resistance and now it is rejected again. The simple moving average resistance: If we place the simple moving averages with the time period of 25, ,50 and 100 on this weekly chart. Then it can be also observed that the price action also has a strong resistance of 100 simple moving average on this long-term weekly chart. And the 25 and 50 simple moving averages are below the price action but the distance between the candlesticks and these moving averages is very big. Therefore if the priceline will be moved down to have some support by these moving averages then there can be a drastic drop of around 100%. Because at this time the 25 simple moving average is at 0.0000097 sats. However if the moving averages will be moved up to provide the support to the candlesticks then the price action will not take a big drop. A bullish reversal pattern on small time period chart: Now if we switch to this small chart with the time period of 2 hour. Then we can notice that priceline is continuously forming different harmonic patterns. First the priceline formed a bullish Cypher pattern (Here I have ignored a small difference of C leg) and after taking bullish divergence from the potential reversal zone of Cypher the priceline also formed another bullish BAT. At this time price action of Zilliqa is moving in the potential reversal zone. This potential reversal zone should be used as stop loss because if the priceline will break down this potential reversal zone level. Then it can move more down to complete the final leg of bullish Butterfly pattern. Even though these harmonic moves are not formed on as that much big time period chart that can provide a strong push to the priceline to breakout the 0.00000300 sats resistance but how ever it can be helpful for the priceline of Zilliqa. Conclusion: After taking the first bullish move this is first time the price action has started a correction rally. Therefore this drop was required for the healthy bullish move. Therefore we cannot consider it as a big drop unless it will not cross down the 0.786 retracement level.
Long
by moon333
3
Shill the ZilPlease feel free to comment or challenge me on my TA. If you like my idea, please leave a like to show support. -------------------------------------------------------------------- Zilliqa has seen a very nice bullrun over the past month. It played out beautifully with retracements whenever it was necessary. After a 300% increase since the beginning of May it is healthy to see a significant correction come into play. Zilliqa however is a qualitative project with great upside potential. This is why I feel this correction is welcome as it gives us the opportunity to either buy some more ZIL at a cheap price, or to catch a nice trade with high R/R. What can the chart tell the bulls : - Elliot wave correction has been fullfilled - Higher lows have been set (yellow circles) - Double bottom formation What can the chart tell the bears : - Yet to set a higher high - Bearish divergence with the RSI - Weekly resistance level at 214 sats Trade opportunity: Possible entries: Weekly R (214 sats) or Daily S (206 sats) Targets: Daily R (229 sats) = 7% and Weekly R (286 sats) = 33% Happy trading!
Long
by Coinathlon
9