ZILLIQA BREAKOUT THE TRIANGLE PATTERN!!Zilliqa still looking good with this Bullish Trendline, and as I checked on the lower timeframe, its just break the Triangle and already retesting the Support.
The good news is, after the testing phase on the Support line, ZIlliqa suddenly gets a power up and spike to $0,14.
Kinda a good signal for Bullish continuation.
Disclaimer: This content is not a Financial Advise.
Zilliqausd
ZIL 1D Let's get up there! It's sink or swim around hereIn April-May 2021, the ZILUSDT price tried to renew the maximum, which had been held since May 2018.
However, the price of ZILUSD could not confidently do this, and as a result, in May 2021 we saw a drop from $0.25 to $0.07.
Now the price is trying to recover, and the critical zone from above is $0.174-0.194
If the price can gain a foothold above this zone , then it will be possible to consider a set of long-term investment positions with the first targets from above $0.90-1.00
However, if sellers activate in the critical zone, then theoretically the downward fall may be even stronger than in May, and the level of $0.025 will act as strong support from below.
A positive mood can only be added to the ZILBTC chart, where, based on the chart, there is still a growth potential up to 550-600 sat. and even up to 700sat.
Write your thoughts in the comments regarding the possible future movement of the ZIL price
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💡Don't miss the great buy opportunity in ZILUSD @zilliqaTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.1200).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ZILUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 63.
Take Profits:
TP1= @ 0.1555
TP2= @ 0.1830
TP3= @ 0.2070
TP4= @ 0.2275
TP5= @ 0.2560
SL= Break below S2
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ZIL breakout expected Wed, 24-Feb. I believe the .1655USD line of resistance will hold forcing ZIL into tightening wedge. I expect it will have to decide on wednesday what to do. Based on all the bullish signals, I'd have to go with a break up forming a new line of consolidation just under .18 USD. Thoughts?
ZIL to .145usd by Saturday, 19-Feb looks solidCan ZIL hit .145USD tomorrow (sat, 19-feb) and stay above. hope so! this would be a good support level for testing ATH next week. Looks very possible. Thoughts?
ZILUSDT breaking out of consolidation. Waiting for daily close.A nice textbook setup forming for this coin. Needs to be confirmed but looking good so far.
Market has been all sideways lately so watch out for more of that (e.g. false break). Assuming this breakout is strong, one may expect the current candle to close near its high and a nice follow through candle tomorrow. A re-test of the trend line support is also a valid price action in a bullish breakout scenario.
Not trading advice.
ZILBTC has confirmed a big breakoutBull flag and down channel:
On daily time frame chart, the price action of Zilliqa has formed a bull flag. This flag is in fact a down channel. Within this channel the price action has broken down the daily EMA 10 and 21 but having bounce from the support of channel. The volume is also decreased.
SMAs on daily chart.
On daily chart, the price action of Zil has broken down the 25 SMA and having good support of 50 simple moving average. The 50 SMA is at the same level where we have the support of the down channel.
EMAs on weekly chart.
On the weekly time period chart, the price action is testing exponential moving average 10 as a support.
Break out the down channel:
Now if we switch to the Zilliqa with Bitcoin pair, then on long-term weekly chart, it can be seen that the price action has broken out the down channel and after re-testing now the price action is likely to move up. It is quite good confirmation of a firm break out.
Conclusion:
On daily chart, the price action is behaving like a bull flag and in Bitcoin market it has broken out the big channel on long-term. Therefore it can be possible that now the priceline of Zilliqa will start a major move to the upside from here.
ZILLIQA DAILY CHARTS- In this chart we can see the possible options
of movement. We can see that the price can break the flag. If the price goes back, we could look for incorporation in the bearish divergence.
- The other option is that the price breaks down and we could look for support in the support marked as a rectangular area. This is a relevant volume area and it is possible that the price will return to it, which would be a great opportunity to buy if confirmation is given.
ZILLIQA WEEKLY CHARTSIn the weekly chart we see how a turning pattern marked by a semicircle has been formed. We see that the price breaks through the resistance area with a lot of volume and today the price is forming a bullish flag, indicating that a continuation pattern is likely. We see in more detail how we could take advantage of the movement in the daily chart.