ZILBTC trade ideas
ZIL insane accumulation period waiting for expansionZIL has been accumulating in this range for nearly 300 days now.
Last week we saw a large spike up in volume and range high being tested for the 4th time.
As we all know, resistance will get weaker the more it has been tested, it is likely that the next time the resistance is tested, it breaks.
Staking is also being released soon which could act as a catalyst for the price to start moving through resistance
Here are some arguments on why I expect a breakout
ZIL/BTC 1D
200 EMA is being tested for the 3rd day in a row now, breaking it will mean ZIL will be trading above the 200 EMA for the first time since listing in 2 years
ZIL/BTC 1W
- Weekly bollinger band squeeze (and we are trying to break upper bands now)
- Weekly RSI divergence
- Weekly MACD divergence
ZIl/USDT 1D
Price breaking above the trendline + 200 EMA which are both being flipped to support right now. This also is happening for the first time in the history of this coin
ZIL/BTC 3D
A popular strategy for Ichimoku is to trade an E2E when there is a bullish cross (Edge to Edge cloud)
On the 3D we can see the Tenkan and the Kijun crossing bullish and price entering the cloud.
This would be a good signal to trade and E2E and would confirm my high expectations on the weekly.
Fundamental
Staking is comming soon and ZIL has a very strong social media team which they are using very effectively right now.
We are seeing that social interaction and mentions about ZIL are reaching all time highs on social platforms before price has even started rising.
ZILBTC Possible Bull Run confrimation requiredAs per chart, ZIlBTC broke the 200 Ema for the first time. Last time it tested 200 ema on on 27 JAN 2019 but failed with weak volume.
Now it crossed 200 ema for the first time and good news is with strong volume and its testing 200 EMA as support.
Although this all looks bullish, Its still stuck in a channel which needs to broke with good volume then i Am a buyer.
The vortex indicator is Already bullilsh. the blue line crossed red line with strength
Remember how DIGIBYTE did few days ago, it has a good potential to follow if BTC stays in Shape.
I have an alert as you can see to give a solid confirmation.
Good luck
please like and follow if you like the idea
ZILBTC I want to bet on end of the Accumulation239 days of accumulation and bottom is solid apparently,
If it breakdowns it might even go to 0 idc tbh!
Tight stops are TERRIBLE for alts thats why my stop is at where its a sure-thing that zilliqa is goin to hell.
Upside potential is pretty amazing once we breakthrough the acc zone.
Zilliqa Gains Momentum... Additional Targets (95% Total)Just 5 days ago we shared a chart for Zilliqa (ZILBTC) with a 50% target... This target is very close now.
On this updated chart, we would like to share additional targets for your convenience.
ENJOY THE PROFITS.
Namaste.
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Previous chart
May 1 | Zilliqa Breaking Out Of Bearish Pattern (Easy 50% Mapped)
This is not financial advice.
ZIlliqa - Ready for Prime TimeZilliqa whales are telling us that they are ALMOST DONE with the accumulation part and is preparing for mark up/distribution phase.
Remember, the market/whales DOESN'T CARE about your opinions, what your think, your emotions or your health status. Its all about them, making a lot of money and ripping you off.