ZILUSD trade ideas
Ziliqa In Wide Trading RangeZiliqa is a big project for Enterprise-grade smart contract solutions. They are gaining traction in the market step by step but what about the technical outlook for the price chart?
ZILUSD is currently stuck in a fairly wide trading range, with 25% upside to resistance and 25% downside to support from current price.
Until we see a breakout by entering the yellow shaded box there's no way of telling how long this consolidation could last...
At this point traders may be looking to accumulate or wait until the resistance level is turned into support (as indicated by the green drawn line).
Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.
ZIL/USD- Good Potential at the right price. Should be some solid potential trading Zil over the coming weeks.
We have seen a lot of sideways movement but it seems to be behaving itself and bouncing from support.
RSI suggests the need for a slight pullback in the near future which should correlate with a (short term) positive break/retest.
(Not a great time to jump in if you aren't on the boat already but a dip back to support may create an entry opportunity)
It may however roll with this little break all the way to previous resistance before correction.
Really just depends what the flavour of the week is.
Indicators seem solid but DYOR.
As always, not financial advice, just thoughts and TA
Bingaz.
Zilliqa coming out of in Cup and Handle Pattern!Hey, I am back with another idea, I did not wanted to post another Crypto idea today, but why not! This is a too good opportunity for you guys to miss out.
Okay, so bassicaly Zilliqa is in strong Cup and handle pattern and is about to break out of the handle, awaiting at least 20% move!
Daily uptrend, higher lows and etc. it's bullish in the TA section.
So that's it really from this analysis, if you would like more similar analysis, let me know by dropping that Agree button haha,
Cheers,
Tibor
ZILUSD a flag is formed, an upward breakout is possibleon a smaller timeframe, a flag is formed, an upward breakout of this figure to the $ 0.32 area is possible.
On the chart, I drew with arrows a possible movement under different scenarios ...
ZIL/USD - Increase Expected But Likely Corrective The price of Zilliqa has been increasing from the 2nd of August unlike other major cryptos but has now started forming an ascending range from which we could expect another impulsive runup as it is likely developing its 4th wave from the lower degree count.
However, this five-wave move that is anticipated to develop in the upcoming period looks like the sub-wave of the C wave from the higher degree count which is an ABC correction that is the 2nd sub-wave of the higher degree B wave. This is why after its completion another five-wave impulse to the downside would be expected as the C wave out of the same degree would develop and push the price of ZIlliqa to retest some of the broken resistance for support
Ziliqa Waves Of MomentumSo many reasons to be bullish on ZILUSD right now. If it can break above the major horizontal resistance and consolidate briefly then technically we expect faster upwards price action.
On the 1-day chart the tinken-san line is about to cross the kijun-san line (TK cross-over) which is typically a very bullish signal.
We've also had good consolidation since early June.
However the Stochastic RSI is now overbought so it may be another few days to give it time to reset as price continues to bite at that horizontal resistance.
Reaching that level will also complete our previous target of a 40% gain.
Algo bots and traders alike will be watching for a strong break.
Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.
Ziliqa waking from slumber — Phase D Wyckoff?ZILUSD showing strong price movement so far today. Could consolidation be nearing completion? It appears we may be in Phase D for Wyckoff Method, waiting for a test, sign of strength, backup, and then next swing high. Many altcoins appear to be similarly positioned right now.
SparksterSignals will provide detailed descriptions in a new course we are working on. Stay tuned.
ZIL Breakout UpdateAs described in my previous post, ZIL is in a descending wedge that seems to ironically bullish. Starting to look like a bull flag and is consolidating before a move up. It seems to have pumped with the recent moves by the bigger coins IMO. However, it has resistance at 0.02 but via my trend lines, breaking and closing over 0.02 will give me a reason to become bullish and long. As of now, I'm still neutral but slightly bullish. Hopefully, ZIl can break through soon.
Based on past fractal, 19-Aug could see price of $0.0374Intersection of pitchfork median line and fib levels, as happened end of April
Possible ZIL Movement Soon?Zilliqa, the ancient sharding project that I use to be heavily invested in 2017, now seems to be consolidating and possibly revering up for a big move soon after its run-up from the past few weeks. I know descending triangle patterns are usually bearish but I'm unsure about this one. I think this post is more of a notice of possible movement soon, so I'm going to keep ZIL on my watchlist. I sold the ZIL bag months ago so I have no position in it...yet
ZILUSD on bitfinex where are we going?on the Bitfinex exchange Ziliqa reached the lower channel line and there was a strong ransom, this is a sign of further growth. Considering that a saucer or a cup with a handle was formed earlier for more than a year, the growth will be strong ... On the chart, I drew a possible movement of the coin with arrows.
Weekly timeframe.
This idea does not mean a guide to action, this is my personal vision of the situation ...
ZIL/USDWe might start a wave 1 of 3 really soon, set up some orders around this price range and let it come to you.
Ziliqa In Wyckoff Re-Accumulation Phase DWyckoff Method is useful for understanding the big picture of market cycles.
The simple version has been popularised in the crypto community showing the downwards trend market leading to despair and capitulation... then rising to the highs of a blow-off market cycle top.
Some analysts believe the next cycle high will occur end of 2021.
As market conditions change, our trading style should change to accommodate.
But what most crypto analysts miss are the smaller Wyckoff accumulation/distribution phases that are constantly happening across all markets.
In this ZILUSD chart we can see a general outline for the 5 phases of Wyckoff analysis. Ultimately the pattern is only fully confirmed at its conclusion, just when a new upswing begins (Phase E), and we attempt to identify where phases C and D begin and end as the price movement progresses.
The goal is to not get mixed up with manual trades during phases B, C or D as that's where a lot of traders seems to erode their account by selling bottoms and re-buying highs. The best risk/reward opportunity is in phase E before the next mark-up phase.
So far with ZILUSD it appears we have now concluded a phase C with the secondary test, and began phase D which should show a step-by-step price increase to retest resistance.
We'll cover more on Wyckoff Method as part of our educational series on technical analysis with a special focus on strategies useful for Algo-assissted trading.
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Note: This is general insight into trading psychology. It is not financial advice. We provide analysis and tools to help traders make their own trading decisions.
What's Up With Ziliqa?If you're HODLing bags of ZIlUSD then patience will get you through the night.
Ziliqa is on a consolidation phase that may last a while longer while other coins are rising higher.
Zooming out on the 3-day chart reveals the trading range for major consolidation
Despite breaking out of the current trendline, the 6-hour chart shows momentum is still pushing down. We'd want to see an 8% gain to get back above water in the near-term.
