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Zilliqabullish

Zilliqa conservative targetsMain conservative targets for Zilliqa BINANCE:ZILUSDT Possible Targets and explanation idea ➡️Weekly chart! We came in to weekly main support zone since 2019. ➡️We trade inside 27 zone by W fib (accumulation zone) ➡️Based on C4L direction indicator - marked how whales accumulate long time period Zil ➡️First zone where whales will fix position will be take profit line on W tf ➡️The same level will be exactly 0 lvl by W fib + test of M fvg ➡️Conservative target for bull run 0.5% of wick candle around 0.618 lvl fib ➡️ Around that time we will see updates and market condition in general again Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
Long
by Crypto4light
1
ZilliqaZil is continuing to perform well this year. With a new hire, former Brave chief scientist Ben Livshits as CEO. We can expect from Zilliqa that it can go much further, a good asset even as a holding company. After this correction we went into a climax. And we start to build up doing an inverted shoulder-head-shoulder pattern, which signals that the bulls are still in the game. In relation to other altcoins we are late as they have already corrected and continues to rise. Zilliqa is a bit behind but is in a very strong pattern of accumulation, when it breaks the NL it will fly. Her target is $1!
Long
by DuhNT
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