Not trying to be that guy, but... Cheeseborgor zone is coming, McDonald's formation never fails, what did I say? That's right... I'll wait
ZILBTC trade ideas
I said I saw a pennant formation... now the golden archesLook carefully as we get the McDonald's formation, golden arches. (Ok but seriously price momentum is still looking fairly bearish I wouldn't be buying unless you're doing a super quick trade)
scamcoinI have a long relationship with this guy, after the halving I went in to my first altcoin - zilliqa - and made tons of profits.
But its a scamcoin, together with elrond - first of all their telegram community admins try to scam you, or if you say anything negative they will ban you -
they were smart, their marketing was top notch, and they just made it so that staking exactly released around the time their members started to dump their coins, so you have more incentive to hodl
if only I noticed i tiny bit earlier. no sane investor would hodl a coin after 5 long red bars down!
then after 10% down a day - for 5 days I lost more than I could bear. Their marketing was so good - just HODL, bro, just HODL, inc. fake youtubers getting paid to promote the coin.
however one thing is sure - technological side they are a good performer. sending zil is fast and cheap, the only thing I have to acknowledge. If I want to move coins between exchanges I go zilbtc route, saves me lots of time.
finsof.net
ZILBTC 440% bullish move and a bullish reversal patternHi friends hope you are doing well and welcome to the new update on Zilliqa coin. Zilliqa has surged more than 440% and in today's article we will try to understand how this coin completed the setup before this bullish move and what the price action can do next?
A formation of big pennant:
A year ago on 21st June 2019 I posted a chart where I revealed that the price action of Zilliqa coin is moving within a pennant on weekly chart And it take a bullish divergence at any time. At that time the price action found the support at 0.00000200 sats. Froom May to June 2019 the price action moved above 0.00000200 sats support and again moved down at the support of the pennant. Since then it was moving with the support of pennant and finally found the last support at 0.00000055 sats.
The price action left the pennant directionless and moved sideways from September 2019 to April 2020. And finally took a powerful bullish divergence and produced more than 440% bullish rally. If we place the Fibonacci tool from the tail of the pennant up to the support of 0.00000055 sats then the sell targets would be as below:
1st target 0.382 Fibonacci projection at: 0.00000300
2nd target 0.50 Fibonacci projection at: 0.00000370
3rd target 0.618 Fibonacci projection at 0.00000440
4th target 0.786 Fibonacci projection at 0.00000540
The above is the projection tail of the pennant to the support of 0.0000055 sats.
The strong resistance:
After hitting the first target at 0.00000300 sats the price action also has found a strong resistance at this level. This 0.00000300 sats level is really very powerful resistance for the priceline as it has never been broken out since after it was broken down. We have seen several attempts by the price action from the May to June 2019 and after a long time the price action again has attempted to breakout this resistance and now it is rejected again.
The simple moving average resistance:
If we place the simple moving averages with the time period of 25, ,50 and 100 on this weekly chart. Then it can be also observed that the price action also has a strong resistance of 100 simple moving average on this long-term weekly chart. And the 25 and 50 simple moving averages are below the price action but the distance between the candlesticks and these moving averages is very big. Therefore if the priceline will be moved down to have some support by these moving averages then there can be a drastic drop of around 100%. Because at this time the 25 simple moving average is at 0.0000097 sats. However if the moving averages will be moved up to provide the support to the candlesticks then the price action will not take a big drop.
A bullish reversal pattern on small time period chart:
Now if we switch to this small chart with the time period of 2 hour. Then we can notice that priceline is continuously forming different harmonic patterns. First the priceline formed a bullish Cypher pattern (Here I have ignored a small difference of C leg) and after taking bullish divergence from the potential reversal zone of Cypher the priceline also formed another bullish BAT. At this time price action of Zilliqa is moving in the potential reversal zone. This potential reversal zone should be used as stop loss because if the priceline will break down this potential reversal zone level. Then it can move more down to complete the final leg of bullish Butterfly pattern. Even though these harmonic moves are not formed on as that much big time period chart that can provide a strong push to the priceline to breakout the 0.00000300 sats resistance but how ever it can be helpful for the priceline of Zilliqa.
Conclusion:
After taking the first bullish move this is first time the price action has started a correction rally. Therefore this drop was required for the healthy bullish move. Therefore we cannot consider it as a big drop unless it will not cross down the 0.786 retracement level.
Some triangle thing still doing somethingHere it is in action, watch as it does something as we expect it to do something. If this turns out to be a nice continuation pattern, we can see more downside. I would not be buying in here unless you like gambling without a strategy.
Shill the ZilPlease feel free to comment or challenge me on my TA. If you like my idea, please leave a like to show support.
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Zilliqa has seen a very nice bullrun over the past month. It played out beautifully with retracements whenever it was necessary.
After a 300% increase since the beginning of May it is healthy to see a significant correction come into play. Zilliqa however is a qualitative project with great upside potential. This is why I feel this correction is welcome as it gives us the opportunity to either buy some more ZIL at a cheap price, or to catch a nice trade with high R/R.
What can the chart tell the bulls :
- Elliot wave correction has been fullfilled
- Higher lows have been set (yellow circles)
- Double bottom formation
What can the chart tell the bears :
- Yet to set a higher high
- Bearish divergence with the RSI
- Weekly resistance level at 214 sats
Trade opportunity:
Possible entries: Weekly R (214 sats) or Daily S (206 sats)
Targets: Daily R (229 sats) = 7% and Weekly R (286 sats) = 33%
Happy trading!
Could be in for another jumpHey guys. Previous adam and eve setup had a nice rise and this upcoming possible adam and eve will hopefully spark another. There is some fresh news behind Zil and hopefully with some volume we will be up and out.
ZIL BTC Cup and Handle ZIL BTC Cup and Handle, should break almost mid July, be patient and buy ZIL.
Ezio
Yep... can't be any easier to seePrice is continuing to follow this corrective move to the downside... let's see if previous support/resistance levels hold or not!
Zilliqa Short Time Review (Zil Btc)If it can break the trend line from 230 satoshi, 270 satoshi is not far away. if it fails, it can try the bottom trend line and come to165 satoshi. It is my amateur work. it is not investment advice. good luck.
0.382 Fib retracement and 4hr RSI trend lineCould be too early too call, but this bounce has yet to even touch the 230 sat area as we saw a rejection around 228. Be very careful with your longs here, RSI on the 4hr seems to be following a clear trend line which we've touched and are seemingly turning around from. Let's see what happens... Still eyeing the 150-160 sat region as a potential buyer support level.
Does it look bullish? Does it look bullish?
This price here makes it very difficult to work out the next move to be expected.
For me, it is best to be sure with some confirmation towards any direction.
Are the Bulls looking exhausted Is it fair to consider those MA 50 and MA 13 around
0.00000126 Sat..
A good entry level ... or buying price?
Are the Bulls looking exhausted here?
Please do your own research before taking any unqualified comment as financial advice.
A healthy retracement during the correctionExpecting the price to reach between the 0.5 and 0.618 fib retracement levels around 230/237sats where we could see the price turn around to continue to follow the down trend of the correction. This could happen sooner considering the RSI on the 1hr is already close to the overbought zone. Wouldn't be making any long trades in this area unless we break above the descending channel and push through the 0.618 retracement. Don't listen to all the people on youtube and telegram telling you that we're going to moon because the last time we had a bounce to the upside, everyone was screaming about their dreams of 3 cents being fulfilled once again. Don't buy tops! Anyway, be careful with this one, I'm personally waiting for a test of the 150-160 sat region to see if the positive momentum holds.
Zilliqa... ZIL/BTC GOOD ONE.... Upcoming Plan, Overall looks bullish above 190, For a new High of 2020
ZIL forming H&SLast chance to get rid of ZIL at 230 sats if that remains as a resistance. 150 sats is a good buy back. If 230 sats breaks, it should go to 300sats to form a double top.
ZILBTC bullish ABCDBullish ABCD pattern for Zilliqa. Stop and entry levels were given in chart. Good luck..
ZIL is in great opportunityZIL could be inside this channel. RSI is oversold and the price is on the support. I bought in 192 satoshi. The target is on upper trendline . Dont fortget to end your position, we are in the downtrend.
