Zilliqa Finally bouncing off the fib?I am looking for confirmation that we are crossing the 236 fib
I will trade at ~220 with a TP of 274
The MACD might cross over by then and the EMA 100 is looking good.
ZILBTC trade ideas
$ZIl can bounds hard from here both btc/usd pairZIl is at crucial support this where the place most traders and investors go long and FOMO starts
Possibility that we can see a resumption of upward pressure.Just a brief update for ZILBTC.
In the short term group of timeframes - (90m, 3H, 6H, 12H) we can start to see some bullish signs.
In the 90m the Red RSI closed above 56. The Red RSI & the Blue LSMA have made contact with the Green while the Green rises also the Green has risen strongly with the White Energy, which is all bullish, though we are still in a low timeframe. But the White Energy is still higher than the Green which is Bearish, however it looks like the Green can go out to the side and the White Energy fall below.
In the 3h the Green has risen strongly with the White Energy. The Red RSI & the Blue LSMA have made contact with the Green and closed while the Green is rising as is the position in the 6h & 12h.
There is potential in this set of timeframes to transition to upward pressure but we are currently still bearish until the White Energy is lower than the Green.
In the Near Term timeframes (1d, 2d, 3d & 4d) the Green is higher than the White Energy which is a good sign. In the 2d, 3d & 4d the Red RSI is above 50. Accordingly, we know that once the White Energy has risen above 50 there is a high chance for upward pressure until it falls below 50.
I have marked this as Long from what I can see. However this is the current position and the indicators have not fully crystallised a signal to sustained upward pressure quite yet....
Happy trading
aBL
Zilliqa Break of Diagonal Zil/BTC break of downward trend. Needs retest of trend to officially break in my opinion
This would start a new market cycle for ZIL/BTC pair
ZILL/BTCHi all! As you can see on the zill/btc chart, there's been a massive correction (almost 50%). After reaching the support that's shown on the chart, the price starts to slowly rebound WHICH IS A VERY GOOD SIGN! If we see some major volume increase in the next 2-3 days, this might mean that we'll MOON!
Trade safe and DYODD!
ZIL BEST BUYZIL has some considerable levels of immediate resistance (312, 347 and 391) ahead. Since establishing the levels 312-347, price has been rejected twice at these levels, pushing the price back into the current zone of 239-312.
It's expected to build some kind of accumulation between 239-257 zone and that will give a great momentum to test the levels 312-347 again, finally break it. In this scenario, price can make a massive move upward to 549 at least.
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ZILBTC My guess is we are going to follow this pathZilbtc clearly changed its short term direction. I am curious how this will play out. We will see soon enough. I would love to hear your thoughts on this. Leave it in the comment section! Cheers and remember dyor ...not financial advice just my opinion...
Update for Mid Term TimeframesJust a quick update.
Referring back to my observation in my first publication of this series, I stated that I expected that, in the 6d timeframe that the Green MA was likely to go out to the side allowing the White Energy to fall below. This happened and the Green MA is higher than the White Energy in this timeframe. This timeframe has as a result turned bullish, we can see this is being reflected by the price action going up. I also stated my expectation that the Bollinger Bands would expand because the Blue LSMA was about to cross the 50 level. The Blue LSMA is now at 58.5 and the Bollinger Bands are expanding. As one can see in the candle at 05th June, the price action hit the upper red BB. Because of the expansion of the BB we can expect the price action to go significantly higher.
Also note that based on the Green being higher than the Energy in all the near term timeframes (1d, 2d, 3d & 4d) as well as this 6d we can conclude that the indicators are showing bullish market sentiment for this pair.
It is also worth noting that in the 6d, our first pressure dot has appeared. On 11th June, the White Energy crossed below zero on the 4th pressure dot. This was reflected by our first red candle.
If we look at the mid term group of timeframes (3d, 6d, 9d & 12d) we can see the following:
In the 3d & 6d the Green is higher than the White Energy & the Blue LSMA is above 50. The red RSI has closed above 56 in all these timeframes. However the White Energy is higher than the Green in the 9d & 12d. And the Bollinger Bands are expanding.
It is my opinion that in all these timeframes we can expect a continuation of upward pressure. It is also possible based on the lower timeframes for the green to go out to the side and the White Energy to fall below.
Based on a quick visual trajectory of the red upper BB in the 6d I wouldn't be surprised to see a target of 400-450 sats being achieved and we could wick up much higher.
My expectations for the mid term are dependent on further development of 9d & 12d timeframes.
I dont have time right now but if I get a chance I will try and provide some potential fib targets.
Everything expressed in these publications represents my opinion only and should not be considered as financial advice.
I hope you guys all had a good Christmas
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ZILBTC could this be our new direction?May be too early to tell but I like the idea. What's your take on this? Leave it in the comment section?
ZILBTC flipping resistance to support?ZIL broke out of the channel yesterday and seems to be creating a new one on top of the old one. Might be too early to tell though as we need confirmation in the form of a clear bounce to the upside from the "old resistance" and possible new support at the current level. A clear bounce could shoot us right back up. A fail to hold this new support could force us back in the old channel. So I will be watching this closely...
