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Zilliqa / Bitcoin

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ZILBTC trade ideas

SHORT We can see a clear rejection on a long term resistance line, a head and shoulders formation just completed on the daily and we lost the support at 169 and the 100 EMA. Don't forget the long term trend is down and it looks like we are going at least to test the 200 EMA which from my experience rarely holds strong downward pressure. I opened my short at 180 with 5x and my purchase is targeted around the 150 sat area where we could test the support of the recent (mid-2020) uptrend. However, if we would go by feelings I'd believe we will go as low as 90 again in a few weeks. Let me know in the comments if you think otherwise. Have a great day.
by toledoole
1
ZIL breakout falling wegdePlease feel free to share your view on this pair down below in the comment section. I'm more than happy to be challenged and have an interaction on this idea. Also make sure to leave a like as it helps me out a lot! ------------------------------------------------------------------------------------------ - Falling wedge = bullish - Breakout on the daily - Next resistance @ 230 sats - Breakout = size of the wedge => New high in 2020 @ 340 sats What I am looking for in order to enter this position: - Retest of the top line of the wedge - Accompanied by a spike in volume My first target would be right below the resitance zone @ 230 sats, which makes for an easy 20% profit. My second target would be the new high with a trailing SL of about 15% What's your opinion?
Long
by Coinathlon
ZILBTC Ready to go parabolic again?Ziliqa has been in a flag pattern since late June and it has broken the bearish trend line!!! YESSS go long!!! BUT WAIT!!! There are a handful of TA indicating that the odds of that happening now is not actually that good. 1. Zil had broken the bearish trend line once before on Aug 7th but it just went up to Fib ,618 and then crashed. I personally believe this is a recuperation from the its late crash and since it has once again hit the Fib ,618 it could go for another dive. 2. The RSI is so close to sell saturation area and another slight move to the upside will blow it. 3. ADX is not looking so good and even though it is bullish but since the DL is low that interpretation could not be given so much credit to. In a very probably scenario it will see some minor pump and dumps around the red trend line until reaches 150 levels and from there it could go ballistic again! GUYSSSS please hit that like bottom and also follow my profile for more exciting TA. That'd be highly appreciated. Happy trading!
by bitbuzz
Zilliqa Is Moving Up As Predicted (HOW TO READ CHARTS!)We predicted a bullish move would take place on the ZILBTC altcoin trading pair based on the signals coming from the chart. We read the chart... By "we" I mean "I"... Me and You (US)... And this Technical Analysis (TA) tool, tends to produce amazing results. If you are looking to read the future without a crystal ball... Open Trading View and search for your favorite chart. My main tool for reading charts is candlestick reading, something that I don't' mention frequently. The patterns, the indicators, the volume... Most of it is done for you, for your own learning/entertainment, it is done mainly for fun. But if you want to predict a market... If you want to read any/and all charts... I suggest you do some research/read/learn/understand how candlestick reading works. I LOVE YOU ALL. Namaste.
by AlanSantana
7