Zilusdt
$ZIL bottomed, decent trade but missed the ideal entry$ZIL has made a double bottom and back above daily support. ideal entry would have been 10168 satoshis, but it still offers a decent risk/reward trade if taken now. Alternatively it's also possible to wait for it to retrace a bit which would define a higher stoploss and offer a better R/R (but more risky) trade
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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💡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
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
ZILUSDTHello to you all. Mars Signals team wishes you high profits at all times.
The price has broken its resistance and is starting to move upwards. We have drawn resistance and support for you. Deal with your strategy.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
$ZILUSD - The Wyckoff test.NOT FINANCIAL ADVICE.
This is my first ever attempt to jump onto the Wyckoff's method bandwagon after spending weeks of reading and testing.
This post is as much an effort to figure out $ZILUSD's trend as it is to grow my understanding in this school of thought.
As such, I welcome all feedbacks, criticisms, advices, and where I might have erred a thing or two, my apologies in advance.
Wyckoff's Method
Richard Wyckoff established simple but powerful observational rules for 4 trend recognitions: Accumulation, Markup, Distribution and Markdown -- but nothing is really that simple, right?
Within this debilitating chart, which looks nothing like your standard Wyckoff schematics, it is pretty difficult to pinpoint in which trend $ZIL is in.
One thing for sure though is that we see contracting volume, a recipe ripe for volatile price action.
Contracting volume
One of the key tenets of Wyckoff's method, volume relates to supply and demand.
We see preliminary supply (PSY) contracting circa Dec 2020.
However, I find it difficult to confirm if we are in a distribution trend, as we see characteristics of upthrusts (UT), or if we are in a re-accumulation trend, where we see signs of strengths (SOS) aplenty.
$0.10 will be the critical point of support, while $0.15 is the crucial wall of resistance that Bulls need to break to induce retail confidence and invoke a 'spring' out of this creek, which is the highlighted red rectangular zone.
This 'creek' will be a point of particular interest in the next few weeks (or months even).
Whether price will jump from (SPRING) or if it is the last point of supply area (LPSY), perhaps practicing caution is not such a bad idea until we see further price (and volume) action.
Until then, happy trading~!
ZIL possible blow off targetsZil is one of the easiest coins to trade on technical analysis.
I am not listening to any media or moon boys on Twitter or YouTube. Just pure TA!
We have formed the wave 4 and we are getting ready for the last mega wave 5. The wave 5 must have 5 sub waves and should be easily identifiable. My most realistic price is between 100% extension of level 3 which is around 1.1usd. We could extend to the 2 dollar area. For now, those are the levels, but we should wait for the sub wave count before we can be more certain about the targets.
Stay safe and remember, don’t listen to “influencers” !
Zilliqa - from exuberance to ... dispairNoting the potential for an EW Flat Correction, with the double-top, suggestion a possible pivot low of $0.088.
What do you think?