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Zilusd

ZIL/USDT Potential Short SetupHello Traders! ZIL continues to move within the descending channel. The price is near the support level of $0.0330. Based on the nature of the price development, we can assume the exit of the price to the center of the channel - resistance level of $0.0580 with the purpose of collecting liquidity, after which the downward movement will continue. Completion of such movement will be the price exit into the range of $0.0150-$0.0210 after the breakdown of the support level of $0.0330. It's possible to look for medium-term purchases near the support level of $0.0150 in the price range of $0.0150 - $0.0210. The targets will be the price levels of $0.0580 and $0.0845 Good luck and watch out for the market P.S. This is an educational analysis that shall not be considered financial advice
Short
by UnknownUnicorn10064030
ZILUSD Giant Cup & Handle to start the new Bull CycleWe rarely see analyses of Zilliqa (ZILUSD) on the 1W time-frame but with a simple look at the chart we can see the huge Cup and Handle (C&H) pattern that has been formed since the start of the previous Cycle. The Resistance is perfect and since the May 2021 High, the pattern is forming the Handle. The 0.5 Fibonacci level is holding and the price should start forming the Support that will turn the trend sideways into the next bullish break-out that should start the new Bull Cycle. Optimal long-term buying levels here. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
BINANCE:ZILUSDLong
by TradingShot
3
ZIL/USDT : Reached channel's top! BINANCE:ZILUSDT Hello everyone 😃 Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it! $ZIL has formed a descending channel and it has reached the channel's top. Despite the current market's bias, I'm expecting more corrections to come; Because of the recent bounce without any retracement. In macro overview, It must come with a fake-out above the channel and experience the rejection from the higher resistance zone at $0.11. So based on the data we have, There'll be opportunities to take Short on... - On the rejection of $0.11's resistance zone and current rejection from S/R line and channel's high. - On the proper retest of broken lower S/R zone at $0.85. 🔴 Invalidation should be located as active management above the higher resistance zone. Hope you enjoyed the content I created, You can support us with your likes and comments! Attention: this isn't financial advice we are just trying to help people with their vision. Have a good day! @Helical_Trades des
by Helical_Trades
24
ZILUSD Perfect buy level for a complete recoveryZiliqa (ZILUSD) is rebounding after almost hitting the former Lower Highs trend-line, which happens to be just below the 1D MA200 (orange trend-line). The pattern is quite similar to the late February - mid March 2020 COVID market crash. Even in RSI terms, the sequences are fairly identical. As long as the former Lower Highs hold, we are expecting a strong recovery back to the April 01 High, even the 0.2650 High of May 2021. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
BINANCE:ZILUSDLong
by TradingShot
1
$ZILUSD - RSI straddling the middlezone.March 22 was a great month indeed, as ZIL-KRW pairing pushed price action from the doldrums into the stratosphere. Then April came and took the wind out of ZIL's sails and price dumped hard. But not hard enough, as evident by the retracement not meeting March's starting point, despite near similar volume. While it would be tempting to call in a bear market, RSI is straddling the middlezone, around 50, and until it dips, there is still a good chance the the bulls will step in and push price higher, which seems to be the likelier path of least resistance in this Elliot Wave 3 uptrend analysis.
BINANCE:ZILUSD
by googooboyy
1
$ZILUSD - Accumulation & DistributionA summarised understanding of Zilliqa's $ZIL accumulation and distribution events taking place. Accumulation 1: 33.2B moved. Accumulation 2: 61.9B moved. Distribution 1: 23.1B moved. A simple takeaway here is that we're seeing a decrease in the movement of $ZIL, which to me is a bullish sign aka hard core hodlers aren't bulging, while profit takers are profit taking, and there will be a point where they'll realise it's time to stop profit taking and let price appreciate, so that they can profit take later~
BINANCE:ZILUSD
by googooboyy