ZILUSD: strength on the HTFNOT FINANCIAL ADVICE + DYOR + DD
These last 4 weeks have not been like the torrid last 4 years for team Zilliqa, whose co-founders left, CEOs kept changing, price action were depressed, projects (Metapolis, console gaming) waned, and TVL lost steam.
But Zilliqa 2.0 is coming with plenty of promises.
And promises create hype.
And hype creates demand.
And demand is unpredictable.
Or is it?
It may not be Altszn quite yet, but for Zilfam, it's shaping to be one.
After briefly lurking around ATLs, GETTEX:ZIL came alive without much warning.
Currently, on the 1H charts, it's looking positive as it is showing a bit of strength:
higher lows
bullish pennant
hidden bullish divergences
Nothing to complain in these last 4 weeks indeed!
ZILUSD trade ideas
ZILUSDT - 2024 Accumulation complete.NOT FINANCIAL ADVICE
One word: Mark up.
Okay, so they were two words.
Support at $0.022 tested successfully but we could still test this if no breakout takes place in the next few days.
A markup towards primary resistance zone 1 is underway.
Ideally, we see a breakout and a test of this zone as support, shortterm.
With Zilliqa 2.0 approaching, and new proposals underway (raising of SSNs comm fees up to 8%), plenty of bullish fundamentals to hang onto.
ZIL, Zilliqa, 0.618 Fib retrace sets up a 47x targetmy favorite trade; Golden pocket special.. What's Zil up to these days anyway?
Key Points
Trump lol
The Trade:
Entry: $0.0136 would be best, but given the R:R It's still tempting here at $0.016
Stop: $0.01
Target: $0.80
D.Y.O.R. DO NOT BLINDLY TAKE THESE TRADES.
Never Trust. Verify. PLEASE DO YOUR OWN ANALYSIS.
This is not financial advice. These are just my observations.
Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key. Capital preservation above all else.
ZILUSD Forecast: Bullish Momentum & Targets for Q4 2024, Q1 2025ZILUSD currently finds robust support at $0.0136, suggesting favorable conditions for a potential uptrend. The recent retesting and observed volume indicate a promising setup for a bounce. Concurrently, the ETHBTC pairing shows notable growth, poised to potentially flip the 0.6 level, signaling a likely rally in altcoins. Moreover, with ETH's ETF approval nearing, the market anticipates heightened volatility and upward movements in Q4 2024. Historically, such periods have exhibited significant price rises and increased market activity during bull runs. Notably, preparations for market exit around March or November 2025 are advisable as bull runs typically conclude during these times.
In historical contexts, ZILUSD has shown resilience and substantial targets during bull runs, with a minimum target projection of around $0.5 in Q4 2024. Breaking the $0.5 resistance could propel prices towards a maximum target of $1.5 by Q1 2025. Since its listing in January 2018 amidst a bear market, ZILUSD underwent significant downtrends until March 2020, followed by a notable uptrend till May 2021's bull run. Subsequently, a downturn from May 2021 to December 2022 led to a consolidation phase until March 2024, marked by recent upward movements.
Retesting support at $0.0135 suggests a potential for a substantial uptrend towards Q1 2025 amidst the approaching altcoin season, expecting similar market volatility. Monitoring resistance zones and patterns is essential to maintain active trading strategies. Consider exiting long positions around March or November 2025, aligning with historical market cycles.
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ZILUSD - Bullish IdeaThis idea involves a slanted W pattern which emerges within a rising channel.
This can be assumed if we plot some heavy bullish action.
Lets see how it turns out with a $1 price target.
ZIL ANALYSIS (1D)The ZIL chart also seems to have completed its diametric wave F and we will soon see a drop for wave G.
The F wave of this diametric can end in the red range. We are looking for a sell/short position in the red range
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
ZILUSD: Testing the 1D MA200, in anticipation of a strong breakZilliqa has come today the closest it has been on the 1D MA200 since the May 8th contact, turning the 1D time frame largely bullish (RSI = 67.434, MACD = 0.000, ADX = 54.733). Consequently, a break above it, should set in motion the last part of the bullish leg that started at the bottom of the long term Channel Down. We will buy if the 1D MA200 breaks and target the top of the Channel Down (TP = 0.0300).
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ZILUSD Best long term buy nowZilliqa / ZILUSD hit 10 days ago Support (0.01535) and rebounded, making Higher Lows ever since.
The 1day RSI is already testing the Falling Resistance. If the price crosses and closes over the Falling Resistance, it will be a major buy signal.
Target first the Fibonacci 0.5 level at 0.026300 and on the next pull back go for a long term swing near Resistance A at 0.03600.
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Crypto ZILUSD (Watch it closely)
View On ZILUSD (18 Apr 2023)
ZILUSD is in
* Slightly Bullish in short term (Intraweek)
* Neutral in Mid term (1 to 3 months)
* Bearish Long term (3 months onward)
We are seeing some bullish pin using as 0.0226 region support.
0.02176 will be the next support.
We need to see more bullish candle to take place and 0.026 will be the next resistant.
DYODD, all the best and read the disclaimer too.
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Thank You!
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ZILUSD Break-out and pull-back buy levelsZilliqa (ZILUSD) is trading within two Channel Up patterns, supported by both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line). With the 1D RSI breaking above its Lower Highs trend-line, the trend is slightly more bullish now and it is more probable to break above Resistance 1 (0.03675) than pull-back to its bottom. If we close a 1D candle above it, we will buy the break-out and target 0.04250. If instead the price pulls back to the Channel's bottom, we will buy on the 1D MA200 and then target long-term 0.04500.
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ZILUSD - Similar BottomsSimilar higher low bottoms, price is attempting to breakout of a strong downtrend
Good for the bulls, much less for the bears
Horizontal lines intersect with each bottom point
ZIL potential short due to rejection at weekly level ZIL is currently showing some weakness. If we have a look on a key resistance level on a weekly chart, we notice a clear rejection.
4 hours charts is trading in a range and we have potentially a deviation above and now back to range.
A trade idea to short it with a tiny invalidation above last high targeting middle and lower of the range.