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Zilusdt

ZILUSDT - 5th Elliott impulsive waveZILUSDT brokeout above the bullish flag (2nd wave) as expected from my previous analysis to complete the 3rd impulsive wave. Price retraced to the 0.5 fibonacci retracement level. Price action is printing a bullish flag pattern ( 4th wave). We could be on the verge of the 5th wave. Buy entry ⬆️ - breakout above the bullish flag resistance. Targets 🎯 - previous swing high (ATH), fibonacci extension levels. Setup invalidation ❌ - breakdown below the previous swing low.
Long
by Chibuike_Odoh
6
ZILUSDT Daily S/R| Swing High| Declining Volume| Price Action Evening Traders, Today’s analysis – ZILUSDT- trading above Daily S/R where a respect is bullish, Points to consider, - Price Action Descending Channel - Daily S/R Support (Bullish OB) - Swing High Objective - Declining Volume - Stochastics Buy Cross - RSI Dynamic S/R ZILUSDT’s immediate Price Action is bullish, trading in a Descending Channel above daily S/R that is in confluence with the Bullish Order Block, this allows us to have a bullish bias on the market. The Swing High is immediate objective; Price Action exceeding this level increases the probability of trend continuation. Current volume is declining which is indicative of an expansion occurring, this is highly probable as Price Action is trading at a key trade location. The Stochastics has a buy cross coming to fruition that will coincide with a respect of the RSI Dynamic S/R, this will increase the bullish probability. Overall, in my opinion, ZILUSDT is a valid long with defined risk, Price Action is to be used upon discretion/ management. Hope this analysis helps! Thank you for following my work And remember, “Confidence is not "I will profit on this trade." Confidence is "I will be fine if I don't profit from this trade.” ― Yvan Byeajee,
Long
by The_Alchemist_Trader_
2
Zil is on the run after breaking the descending channel!Zil broke finally out of the descending channel it formed on the way down from its previous high at 1 cent Zil bounce off the strong support at the 0,066 range and finally reach a major resistance at the 0,85 But now it finds support at the old descending channel that could be a start of a major bull run toward the upside expect resistance and correction on the way up at different levels especially the 0,09 and 0,1 barrier, if that one broken then we can see a 0,15 Zil easily Trade carefully
by AnwerKouka
Zil/Usdt- A different perspective.What we have here- Highlighted above is what happens every time there is a daily cross up on the stochastic. 1. 21st Sep to 2nd Oct - 72% rise. 2. 25Th oct to 25th nov - 119.45% rise. 3.10th Dec- 27Th Dec - 255% rise. Now, the RSI has bounced off the support beautifully, however, the price is reacting strongly to the long term accumulation trend line which is the major overhead resistance that zil will have to overcome to give us another statistically probable move to the upside riding on the momentum provided to us by the stochastic cross on the daily.
by crested-serpent
10