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Zilliqa / Ethereum

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ZILETH trade ideas

ZILLIQA - Classic blow off top, strong coinThis is the Zill : Ether chart with 4 hour candles. You can see a slow and steady uptrend from mid April until May 8th when Zil went parabolic. From the 8th to the 11th of May is a classic blow off top. Zill has plenty of reason for its meteoric rise: TestNet release, numerous exchange listings, announcement of its first DAPP, etc and I am a big long term HODLer of this coin. However, this chart and current uptrend just can't be continued. This chart looks exactly like Bitcoin late December, or Antshares/Neo mid last year, or Ripple early this year. If you can't see it, here is the pattern: 1) A strong uptrend begins 2) we see an upward deviation from the upward trendline due to good news or increased liquidity (Zill had both) 3) The crowd sees the rise and wants in on the action, FOMO sets in and we see a meteoric price rise 4) the blow off top occurs - price skyrockets up and then skyrockets down 5) a downtrend starts and the market goes into price discovery As you can see we are now in the price discovery phase after the top. In legitimate coins like Zill these blow off tops aren't bad; we generally see a healthy correction and maintain 25%-50% of the gains once price discovery is done. In scam coins like Bytecoin, ChainCoin, and others we typically see a complete crash after their ruse is complete. Zilliqa is not one of those coins in my opinion. I have broken the recent bull run into retracement zones in the usual 33%, 50%, and 66% pattern starting from the dotted purple line where the bull run started going to the highest closing mark. As you can see these zones are very reactive. We just bounced off the downtrend confirming it as resistance. For educational purposes, day traders can use this line to open day trades. We are also at the 66% retrace line which is currently acting as support. We could see a reversal here BUT that is not how typical blow off tops work. More likely we will fall further and test the Previous Up Trendline in blue. I have already sold 10% of my position at 0.00028 and re-bought at .00023. I currently have no moves planned. I expect more price increase in Q3 with the anticipated (hopefully smooth) release of Main-net. The one fear I have is Ethereum releases sharding well in advance, undercutting Zill's advantage, but there is no reason both can't exist side by side. ***This is not investing advice. All investors should seek guidance from licensed financial advisers and not random people on the internet.***
by ruud_one
2
$ZIL Just completed its 5th waive? #ZilliqaI have to say that I've been quite impressed with the overall growth of this project, they've managed to do it organically as well. After seeing a healthy run it would seem that she's run out of steam and with other coins being the primary focus as we enter the week for the consensus conference in NYC. I can see other holders of this coin selling and taking profits to invest in other more attractive coins as we start to see the result of the crypto conference in NYC. Anyone have some thoughts on this? What's your perspective.
Long
by HustleEconomics
3
Zilliqa. P-Modeling Pt 1. Finding the trail.. Day 1.Zilliqa is going to be token #3 that I will be actively using my personally designed theoretical geometricc linear regression model technique. The reason on choosing Zilliqa is picking up on a new trail to continue testing the validity of my algorithm. I needed a new coin that is very new with little data behind it but has great potential. The less data I have to work with the better my technique needs to be on, 'finding the trail'. I will be incorporating many new constructs and playing around with new tools to enhance my prediction accuracy. This will allow me to continue to scale my algorithm organically with useful knowledge from other tokens and what I have been doing with them. First token subjected to my modeling technique was Bitcoin. Currently, 31 sequential ideas have been created for bitcoin. Start date 3.22.18 Second token subjected to my modeling technique was Ethereum. Currently, 7 sequential ideas have been created for Ethereum. Third token that will be subjected to my modeling technique will be Zilliqa. This is part one of finding the trail using geometric linear regression modeling for predicting Zilliqa. Enjoy.. Review. One thing you should understand is that what I am doing is new. It is Theoretical. Thus being it is theoretical, take it with a grain of salt. I am certain i have found validity in what I am doing, so I will keep doing it. Despite any failures, or incorrect calls, or emotional builds ups only leading to disappointment. Is that not the fun of it? I found this stuff ultra fun and it works a good portion of the time it seems. But I am only human.. Humans make mistakes. When rendering a model in my algorithm, the proposition that upholds the belief theory is subjective to a degree. I chose the best place I THINK it would go. Period. I follow the geometry as I see it in my eyes. That is subjective. No A.I. in crypyto trading has the ability to have subjectivity. But I do. No A.I algorithm created has subjectivity, unless it is a hybrid that incorporates HUMANS into it's analysis. The human operator is the most important aspect in understanding the real complex nature of human emotion and its interplay in something like crypto trading; as all bots programmed to trade (are based on emotions, and desires of the HUMAN programmer). Thus bots although automatic, ooze the emotional desires of the human programmer. An observable behavioral phenomena, to the train eyed. The only way you can learn about my technique is to watch what i am doing. YOU WILL FIND THIS NOWHERE ELSE. As this is designed from scratch based off other research I am working on in my professional domain. This is a grand experiment, I thank you for all participating with me! Hit that like button, it lets me know you are watching like a ninja in the background! If you are confused how i got here.. Please go back and look at my charts. They are sequentially marked by Pt's for easy identification. If you are enjoying what I am doing.. Hit that like button and let me know you observing in the background like a ninja. All comments welcome. :) Have a great day. As always thanks for looking, Glitch420
by Glitch420
1
zilliqa possible breakout but will be determined by BTC-dominancZilliqa is moving towards a critical breakout point (zil/btc - zil/eth) doesn't matter. However the chances of zilliqa breaking -through the point of control -through the ascending wedge and make new highs are ultimately determined by BTC 0.66% . Right now BTC 0.66% is stuck within a trading range and facing resistance from the kijun-sen 30 day moving average. If BTC 0.66% doesn't pull any major moves to upset the equilibrium - high probability that ZIL will breakout of the wedge and move to new highs. If BTC 0.66% pulls a $500- $1000 pump out of nowhere - ZIL will face a pullback. ( Bitcoin 0.66% rises in dollar value thus Zilliqa's value in eth or btc 0.66% will have to be adjusted by the exchange bots)
by UnknownUnicorn2422321
4
Zilliqa the Conqueror This thing continues to show progress as the test-net goes live. With that in mind I would like to say that its refreshing in a space of inconsistent projects that we see a team sticking to deadlines and meeting expectations. These are the opportunities I like to invest in. Looking for long-term consistent growth out of a project that looks to solve real-world problems on the block-chain. This thing looks set to take another leg up, but the 10 day moving average seems to be keeping it down. Expect this thing to continue upward if BTC shows signs of an uptrend. Take profits in short-term trades if the BTC market seems to take a leg further down. This thing continues to show healthy consolidation with a nice movement to the upside with long averages supporting a continued uptrend. Invest at your own risk and start your DD here: Project: www.zilliqa.com www.zilliqa.com www.zilliqa.com Whitepaper: docs.zilliqa.com
by HustleEconomics
ZIL Pivot At-HandTracking ZIL as well, looks like a bullish pennant has formed converging nicely with the overall upward and downward trend lines. Keeping an eye for a crossover in the MACD & Signal here in the next week. Lastly, looks like the movement of ZIL has been predominantly independent of the downward trend in ETH/USD, so looking for a bullish pivot regardless of the overall market--though I expect it to only be a moderate jump. Relatively new to technical analysis, so please let me know what you see as well! What other signals do you see? Cheers
Long
by Elowind