zilliqa looks bullish through the correction by matin taherzadehhi guys:
Decreasing volume in combination with the descending trendline drawn on the chart tell us that the zil/usdt pair is in the correction phase. After multiple touches, in 11 jan, zilliqa make a hammer candle stick. The coin now is defending the 20 days moving average and accumulating right below the trendline too. If it can break the trandline, the hammer will be confirmed and the targets mentioned.
on the other hand, if zilliqa don't break the trendline, visit the 99 days MA will be in the instruction.
Good luck and with that: happy trading :)
Zilusdtlong
ZIL Final Dip Before $0.05 & BeyondMy Fellow Crypto Traders,
Appreciate you taking the time to view my analysis which I hope you may find beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing.
Cheers & Happy Trading!
----------------------------------------------------------------------------------------------------------------------------------
ANALYSIS:
ZIL appears to have formed a channel that has been well respected since late Nov. As the RSI reflects ZIL is extremely overbought, which we could get a slight pull-back to the 50EMA, and find some support. Therefore, a 50EMA bounce would coincide with the 382 fib level, which has been a relatively strong resistance level. Would definitely keep my eye on a re-test of the 382, and if it holds as support, could be a great entry point.
ZILUSDTThe market has been printing a descending channel since mid May. Price action is approaching the channel resistance. We could see a breakout above the channel resistance as bullish ↗️. While a bounce off the major channel resistance and breakout below the current minor uptrend support as bearish ↘️
Zil/btc break of downtrend channel and hold supportZil/btc
After break of downtrend channel zil/btc on good support now
If it can hold support at 167 sats few days or maybe hours (lol)
High chance we can view big move in short term toward :
TP 1 = 198 sat
TP 2 = 220 sat
TP 3 = 245 sat
Stop loss daily close below 162
ZILLIQA READY FOR A MOVE HIGHERZilUsdt at 200moving average + trendline +
bearish momentum running out is ready for a push higher beyond my humble knowledge
Target of the trade at 0.25$
Entry below 0.21$
Stop loss at 0.1775$
Hope you like my idea! This is my first one, I will keep posting ideas if I feel feedback from you