Zilliqausd
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.
ZILBTC a mega bullish setupHey friends, hope you are well, and welcome to the new update on Zilliqa coin.
Bull flag and re-testing of a EMAs:
In USD market, on the daily time frame chart, the price action of Zilliqa has formed a bull flag and moving in a down channel. In the meanwhile, it is also using exponential moving averages with the time period of 10 and 21 as support.
Down channel has been broken out:
On the long-term weekly chart, the price action of Zilliqa coin with Bitcoin pair was moving in a down channel. Now the price line has broken out the resistance of this channel and re-testing the previous resistance as support to confirm this breakout. We also have 25 and 50 simple moving averages as support at the same level of support of the channel that was previously working as resistance. The 25 SMA also formed a bull cross with 50 SMA as well.
Ichimoku bearish cloud broken out:
On the same long-term weekly chart, in Bitcoin market the price action of Zil has also broken out the Ichimoku bearish cloud and now re-testing the previous resistance of cloud as support to confirm this breakout.
Big Shark move:
On the long-term monthly time period chart, the price action of the Zilliqa with Bitcoin pair has completed last leg of bullish Shark pattern and entered in potential reversal zone. 1st the priceline found a support at 0.00000050 btc and then found another support at: 0.000001150 btc . Simple moving average 7 is forming bull cross with SMA 25.
Conclusion :
As the priceline of Zilliqa has completed a very firm bullish setup in the Bitcoin market to move up against the BTC. Therefore, there are strong chances that the Zilliqa will also cross the previous high that Zilliqa set in the previous bull run.
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