ZIP massacre - Can Larry Diamond & Team survive ? The Story of ZIP so far..
How far can ZIP fall ? where is the bottom ? Only time will tell..
Zippay
Is ZIP going to recover from this sell-off?
ZIP has been bashed big time after failing to hold the support line at the $7 mark and falling below 6.25, as indicated on the attached daily price chart. Nothing suggests that the trend is about to reverse now apart from reaching a support line at around 3.00. We might see some action around this level and the 2.50 mark. If it fails, then 1.70 is the next level; it is based on my automated system, predicting future critical levels.
ZIP OpportunityThis is my assessment of ZIP and has been for a few years without major adjustment. It's always behaved really nice for me, provided we are potentially in a tech sell off with the likes of A2M, APT, APX etc.
I trade the graph in front of me though not the news. So if Zip breaks the current downtrend and holds on a few days I'm in with a tight stop loss and target profit of around 100% or so again.
Moving my stop loss to at least breakeven if there is a nice push up as I wouldn't be surprised if the red downtrend channel is respected given all the attention on crypto and selling off in tech stocks.
Don't be surprised if $4 is likely because at this stage both $24 and $4 are just as likely. That's why we trade our analysis and constantly assess our position for how healthy it is.
Fundamentals still look good with increase in growth and revenue still on the horizon with recent expansions.
Let's see where this one go's!
And as always do your own research if you want to sleep easy at night.
Zip is in redhot form now, but wait for confirmationZip started its short term trend reversal and appears to be bullish again.
This would be the long term trend if Zip can break the minor downtrend resistance again. Investors can buy at this price for minimum drawdown and maximum profit.
Another profit taking will happen at the previous all-time high value so better to sell at that point.
ASX ZIPCO - Good for long investment Zipco in good Fibonacci retracement, and bottom of MACD, good time to buy for long investment.
Cheers
Alan Tang
fxanalyst.net
ZIPPAY Falling Wedge| Local S/R| Swing high| Price Action Evening Traders,
Today’s analysis – ZIPPAY- trading towards its price action apex where a breakout is probable,
Points to consider,
- Price action apex
(Falling Wedge)
- .618 Fibonacci S/R Support
- Local S/R Resistance
(.50 Fibonacci Confluence)
- Declining Volume
- Oscillators Extended
ZIPPAY’s immediate price action is likely to have a break from its falling wedge pattern, typically a bullish formation once confirmed.
The .618 Fibonacci is channel support; a wick down here is probable allowing for a long based entry.
Local S/R is immediate resistance that is in confluence with the .50 Fibonacci, price action exceeding this level is likely to continue its overall trend.
The volume profile is currently declining with both oscillators; a reversion to their mean is probable with an influx in volume.
Overall, in my opinion, ZIPPAY 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,
ZIP Co Long OpportunityBased on long term trend and continued increase in Profits a good potential long opportunity is building. Strong support area's converging along a potential 61.8% Fib retracement from COVID low areas.
Best buy in price could be around $4.80-$4.90 with a stop loss around the $4.50 mark and first Take Profit (Trading not Long Term) around the $10 area.
A good divergence on Price and RSI+MACD is starting to play out too indicating a potential reversal. Always do your own research!
Who saved my Z1P?🤫🚨🚨🚀ASX:Z1P seems to bounce back but is the savior clement enough to let it shine once again or is it a bull trap before a plunge deep down in the bears dale? Lets deep dive and analyze.
If you remember my last post on ASX:Z1P I mentioned that this stock was playing with fire writing a H&S or head and shoulder pattern. Eventually it got caught up in its games and it started dropping. But who stopped that drop?
You can see the big red line on my chart, that is Mr 200MA that said nah nah to bears and gave another chance to Z1P.
But can we say the worst is over and we bouncing back? Of course not, not until we have either consolidated at the 5.3$ levels for few days and at least close one daily candle above 5.540$.
Besides the bullish structure is broken and we need bulls to come back. Also reading the orders book I can see bears still in control for a 2/1 force.
Other points to notice, stock below 8 and 21 EMA so not looking good imo.
I will keep my eyes on this stock as historically it has been a source of juicy profits and will update you when I find any tradable structure.
Stay safe and keep smashing the likes.
XTF
🎆 Decision time for Z1P! 🎆- Our first Video IDEA on Tradingview!
- My thought process outlined in the video, let us know YOUR thoughts!
🔥 Z1P - Completing the RIGHT SHOULDER 🔥Afternoon All
After updating our previous chart on Z1P this is what we’re looking at right now:
- We’re currently at this key level of liquidity, we we’re seeing a lot of sell pressure mounting around that $8 level.
- This lines up PERFECTLY with our 50 Fibonacci level & somewhat completes the right shoulder of this huge formation
- If we’re to see this play out Z1P will be bearish from this level (thereabouts) and start moving back towards the 5.50 Demand Level, we spoke about in our previous Trading View Idea that I have linked.
- Our indicators are as follows:
o CCI is forming a bearish divergence
o RSI is forming the same
o Steamroller is looking like its firming entering Overbought and we’re looking like we’re well and truly stretched.
Looking forward to Z1P quite possibly completing this formation.
Z1P - The Final STAND- A move the next Demand Zone is on the cards, most of the indicators are pointing in this direction - Notably our home grown Indicator Steamroller
- After this a move to the 50 Fibs - Which lines up with liquidity on the left as shown by the white line
- This would complete a H&S scenario and could see us close the GAP and move to around that lower Demand Zone.
Z1P looking strong with good newsZ1P is up strong after the announcement of Z1P business and a deal with eBay ($EBAY). www.afr.com
Zip Pay to close above or below the 200 moving average tomorrow?Zip Pay to close above or below the 200 moving average tomorrow?
Currently, the MACD, RSI and DMI, moving averages doesn't look good for Zip Pay.
Therefore, more likely to go lower using technical analysis.
Z1P LONG Term Possibilities With Zippay's current trajectory things are looking good for the next 3 months. I could only speculate a likely range of -10% - +25% within this period. The company recently launched in New Zealand which opens up the company to a new range of consumers/users. However, I don't believe that the company will grow any further than Oceania in this 3 month period, maybe within a 2 year period, but considering Afterpay's international domination it doesn't appear to be a likely move for the company. Who knows though? Especially me so... yeah. Hope this was helpful any feedback I am totally open for.
Z1P BREAKOUT SUPER SKUXX, why am i shouting?On the 20th of May we saw Z1P getting absolutely munted. Could this happen again? Averages present the fact that we could see a shorting opportunity but within the next month we could see another significant increase.
Just be aware guys that my usrname is losing money for a reason. Don't go by my word at all im literally a noob at trading with zero rep. feedback appreciated.
