ZILBTC trade ideas
ZIL/BTC has Blue Skies above thick roof: Ziliqua breaking out ?Ziliqua has been fighting strong resistance and has recently pierced it.
Now retesting that ceiling to act as strong floor for jump to next band.
There is quite a bit of "wide open space" from here to the first Target.
500/510 sats hoefully become support.
660/670 should be quickly achievable.
760/780 may take 2 waves weeks apart.
857 will be a very focussed resistance.
925 will likely cause a strong retrace.
1000 sats plausbile if momentum builds.
Take a look at some of my other recent plots:
ADA breakout call
XLM breakout call
DASH topping call
ZRX bounce call
TRX support zones
BNB support zones
And others below under Related Ideas.
ZLBTC ... Wants to break downI got many requests about ZIL in some groups.
I've decided to share my TA for long term.
This chart in my personal opinion is very perfectible and easy to read.
After and Extended wave 5 ZIL made a very big correction ...
Breaking even the top of the wave 1 that is very bearish for me ...
After C made a symetrical triangle same as BTC from 6k to 3K and broke down .
Now Zil if forming a potential symmetrical triangle again doing ABCDE
but there a lot of resistance EMAs are acting as very good resistance and Weekly Stoch is going down.
I don't see good support to go upside for making C wave.
If btc breaks down I am pretty sure ZIL will break down going lower .
I would be very careful with this coin.
There is a possibility for the beginning of an uptrend in ZILBTCTechnical analysis:
. ZILLIQA/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 51.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00000458 to 0.00000412). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00000458)
Ending of entry zone (0.00000412)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.00000500
TP2= @ 0.00000576
TP3= @ 0.00000680
TP4= @ 0.00000684
TP5= @ 0.00000684
TP6= @ 0.00000832
TP7= @ 0.00000960
TP8= @ 0.00001130
TP9= @ 0.00001370
TP10= @ 0.00001610
TP11= @ 0.00001955
TP12= @ 0.00002393
TP13= Free
There is a possibility for the beginning of an uptrend in ZILBTCTechnical analysis:
. ZILLIQA/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 47.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00000458 to 0.00000412). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00000458)
Ending of entry zone (0.00000412)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00000500
TP2= @ 0.00000576
TP3= @ 0.00000680
TP4= @ 0.00000684
TP5= @ 0.00000684
TP6= @ 0.00000832
TP7= @ 0.00000960
TP8= @ 0.00001130
TP9= @ 0.00001370
TP10= @ 0.00001610
TP11= @ 0.00001955
TP12= @ 0.00002393
TP13= Free