ZIL 1D It's time to correct the rapid growthAlmost a month has passed since the publication of the previous idea for ZILUSDT, and during this time a lot of interesting things have happened.
We wrote that it is doubtful that the price zone of $0.35-0.40 will break through the first time.
And so it happened, the price fell by -16%.
And then the published announcement of the main network update Zilliqa v7.0 , organized a strong price increase. + 250% in half a month is a cool result.
As we see from the chart, around 21 December, there was a price hitch, in anticipation of whether or not the update will be implemented.
When the developers wrote that the update happened, the growth continued.
On 27 December, the developers wrote that they had found a bug and fixed it in version Zilliqa v7.0.2. It would seem that there is a positive news background - growth should continue, but ironically, it was then that the ZIL price high was fixed.
Such rapid growth must be corrected.
Therefore, now we see the maximum possible growth to $0.0865 , and then a minimum fall to 6 cents per ZIL.
Although the level that needs to be tested for strength from above, according to the laws of TA, is in the zone $0.035-0.040.
And mid-term investors were gaining ZIL in long in the zone $0.0175-0.023 and we think they do not mind buying ZIL there again, which they sold out the day before, fixing a decent profit.
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Zilusdt
ZILUSDT's future will clear here!As you can see, ZILUSDT is in the sideway area, ZIL is resting in this area, by breaking the sideway area, everything will be clear, but the failure of the triangle is also important, no further explanation needed Other information is mentioned in the image.
Thanks for your attention, the ATcrypto team
✳️Zilliqa/USDT Analysis (28/12) #ZIL $ZILThe strong selling force has appeared on ZIL's price chart so ZIL's uptrend may be over and ZIL will fall sharply in January.
However, the market is quite strong, so the possibility of going sideways and increasing of ZIL is still possible. This could happen if ZIL continues to fluctuate around 0.085$ zone until mid-January. If this happens, we should not trade, wait for a more positive signal then trade.
📈BUY
-Buy: 0.056-0.058$. SL if B
-Buy: 0.049-0.051$ if A
-Buy: 0.034-0.036$ if A
📉SELL
-Sell: 0.056-0.058$ if B. SL if A
-Sell: 0.049-0.051$ if B. SL if A
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
$ZILUSD - Pay close attention to these levelsHello everyone!
Looking for another buy opportunity here
Two levels to watch:
L1: 0.79270 Major static and dynamic support
L2: 0.89970 Major dynamic resistance, Fibo 0.618
The pair is still above the support and MA100 and 200.
The drawings on the chart are to replicate the expected ABCDE correction movement inside the triangle, though no confirmation yet, like always best to buy when breakout is confirmed and best to sell when breakdown is confirmed.
ZIl to retest ATH soon? ZIL just recently released their Ecosystem Growth Report 2020, which you can read in their website.
So amazing, unstoppable ZIL is approaching $0.10 resistance area.
But for 2020, I'm looking at 0.618 fib or around $0.15 as possibly closing price. Breakout to this could possibly retest ATH.
And more exciting things coming for 2021 that could create new ATH.
Support is seen at $0.05.
Trade Cautiously.
Quick ZIL/USDT on BInance TAseems to be headed for another brief accumulation period with a possible retest at the red circle. would be very brief if that happens with this sort of positive momentum behind it. the 33 MA closing in on that intersection as well gives that spot some extremely strong support despite being in uncharted territory. this run has legs and in my opinion, another good period for pickup is happening
ZILUSDT showing strong 38.2% FIB support at $0.045. Disclaimer: This is a Zuper Bull analysis. Rest assured that I'd shout 'Bears!' when I see one -- but not today.
On the Minor Cycle, a corrective Wave 4 is underway. Currently playing out as a 'bullish flag' pattern with a strong support line ($0.045) at the 38.2% fib retracement (of Wave 3's).
On the Intermediate Cycle (4H Chart), we are on an Impulse Wave 3 underway, with a target price of $0.0642.
At today's prices, that's a whopping 25% flip, especially if one dares to don the red fancy pants of the Matador and flirt with the Bulls.
A good entry point will be during this consolidation phase, if we can call it so.
Before I break for the festive holidays, I part with a slight hint of concern that however bullish as one may be, a break below 38.2% support is a point of concern.
Till then, stay safe friends!
This Christmas may not be too kind, so hodl fast.$ZIL's price action may have performed extremely well of late but let's not get too carried away too soon, as talks of US stimulus isn't yet confirmed.
Also, what not with lockdowns appearing in many countries, along with unemployment and defaults on the rise -- but I will do my best not to rain on your parade.
Precisely why I have decided to work on a fresh calculation for ZILUSDT 4h chart -- so that we can work with a clean temple.
With the recent dip, which an Elliot Wave study strongly surmises as a corrective Wave 4, a reversal at this level would be confirmation that we are to expect a Wave 5 in the near future.
Our Target Price (TP) for Wave 5 today is $0.062 and entering a fresh position today would mean that we get to flip up 55% in profits -- but the BIG QUESTION isn't how much our portfolio can increase by, but rather has Wave 4 completed fully or only 1/3 of the way (ie we are only at Corrective Wave A)?
My recommendation would be to hold fast, dig in, and let the bulls and bears play it out further, at least until after Christmas.
Until then, stay safe.
Short term: 1.5x - 2x on your ZILUSDT umbrella trades todayLet's face it, when Bitcoin enters a bear trend (which it is in currently) altcoins are given their moment to shine in the limelight.
And $ZIL will shine so bright, you'll see pink butterflies and oreo cookies whenever you blink.
Or maybe it may blind you? Firsts, this may seem like financial advice, but it is really mere forecasts using Elliot Wave analysis on the upcoming crypto weather. Do bring along ye big-boy pants with your umbrella!
With that outta the way, it's refreshing to see that technicals are showing $ZIL is a strong buy right now.
Even better news though is that we will not be entering a bear trend until we've hit our targets, at least not till Jan 2021 arrives.
Today at $0.031, with a target of $0.058, there's a chance to multiply your trades, and if you lock your ZIls for staking with 17.25% APY (as of pixel time).
Now let's get that umbrella!