ZILUSD trade ideas
Fib Speed Fan and a line in the sand #Zilliqa $5.25 ?The fib speed fan I suppose is as good as any for possible forecast scenarios, especially in Price Discovery and over Time. So the line in the sand is end of December 2021, but could be later or the bull run fails or extends. Its all Crystal Ball stuff, any body who tells you otherwise is lying. That said looking at crucial lows on the fan chart and general trends its not to bad as a tool for imagining where price may go over time.
ZIL Above the Clouds. Slow, Methodical Gains. Stake it ALL!Really bullish on ZILLIQA. Great infrastructure and team. Waiting for alt season to kick in and ZIL will go gangbusters. Near term target set at .13. Once this level has been breached prepare for a continued bull run to previous ATH and beyond. Connect your ZILPAY wallet to ZILLION for a multitude of staking option. Enjoy the ride.
ZILUSD H16: 150% gains BEST level TO BUY/HOLD(SL/TP)(SWING)Why get subbed to me on Tradingview?
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ZILUSD H16: 150% gains BEST level TO BUY/HOLD(SL/TP)(SWING)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
previously recommended buying low.
🔸 Summary and potential trade setup
::: ZILUSD 16hour chart review
::: THROWBACK INTO ACCUM RANGE
::: accumulation in progress now
::: 150% gains is not a typo
::: already BROKE OUT
::: MARKET BUY NOW / 400% upside
::: LONG RANGE OUTLOOKS
::: this is not for short-term traders
::: accumulation NOT COMPLETE YET
::: 150%+ gains still possible
::: currently trading near range highs
::: BUY/HOLD setup TP +150%
::: previously recommended buying low
::: up to 1000% gains possible later
::: SPECULATIVE SETUP
::: do your own due dill
::: and use proper risk management
::: TP bulls is +150% gains
::: details: see chart
::: SWING TRADE: BUY/HOLD IT
::: bull run not over yet
::: good luck traders!
::: BUY/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS
::: Sentiment short-term: PULLBACK/RANGE LOWS
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Long ZilliqaAs per ichimoku cloud, Zilliqa is trying to break 0.085 ~0.09 resistance.
We can see the price is traversing the bearish red cloud, our blue conversion line gave us a possible entry signal since it crossed the base red line.
The lagging yellow is going up to further provide a strong long signal.
Waiting for the new green bullish cloud for form on the daily.
Short term : break 0.09 and flip it for support
Medium term: 0.12 to 0.14 cents
Long term: 0.25
ZILUSD Touching TrendlineAn idea for ZIL
Green dotted line is the trendline being touched
This will hold as per fib circle touch also
Likely will result in an inverse H&S and then further upward movement
Which I have plotted with the green Bars Pattern
ZILUSD will continue bear market Zilliqa price action is weak and closely follows BTC. Therefore my bias is that It will continue its bear market along with BTC just like the crash in 2018
For the first bear stage, the price will fluctuate from the bottom resistance $.0624. to $.1264. Then it will take second major dip to $.0297 before it recovers. The bear market will continue next 6 months or so.
ZIL - Long Term Pattern Showing Again - Keep An Eye on This!Zilliqa is one of my favourite charts to trade as it runs a very simple pattern generally of pumps and consolidations.
Indeed, we've got some history:
And now it looks like we've got a massive cup and handle on the weekly chart. This could be a MASSIVE move when this pattern breaks.
Volume is declined, RSI is bottomed but relatively still in a strong spot. We're below all EMA's but a correction back up will lead us right into a breakout.
Fundamentally ZIL is big for tokenization and with the NFT sector coming back strong from it's crash this is a chart to keep eyes on over the coming weeks.
Is there a silver lining in $ZIL's clouds or just gloom & doom?NOT FINANCIAL ADVICE
Should we get bullish or do we stay bearish?
Let's take a dive on the Macro level for $ZIL using the Ichimoku Cloud indicator.
For the uninitiated on Ichimoku Clouds, Investopedia has a good introduction here .
With that out of the way, based on $ZIL's macro Weekly chart, here we consider the bearish and bullish signals from this indicator.
1. Price Action VS the Kumo Cloud.
Bearish: This week's candle is threatening to break into the Kump cloud and is within touching distance.
Bullish: It hasn't broken and trade inside the cloud! The near horizontal Kumo cloud means that $ZIL may have a few more weeks to stabilise and steer itself away from it.
2. Chikou Span vs Price Action.
Bearish: The lagging span descending towards historical price candles and crossing downwards is a bearish confirmation and usually a sign of exhaustion of an asset.
Bullish: As this is a lagging indicator, it could be nothing more than just a trend analysis rather than a prediction of future movements.
3. Tenkan Sen vs Kijun Sen
Bearish: Tenkan sen is threatening to cross the Kijun sen, especially if the crossing is below the Kumo cloud.
Bullish: No crossover is yet seen. Also, even if there is a crossing, it will occur way above the Kumo cloud.
4. The Kumo Cloud (Senkou Span A + Senkou Span B)
Bearish: A thin cloud means the support level of the Senkou Span A is deemed weak -- may break anytime.
Bullish: The cloud is widening at the ends, and as Span A moves further away from Span B, a strong trendy green cloud is created.
So what does all the above mean? Why am I dissecting both bearish and bullish scenarios here?
Quite honestly, I am still sitting on the fence with $ZIL here, especially with the diminishing volume.
While I use Technical Analysis to try to predict the path of least resistance for price movements, I am simply unable to put a pin on it today.
We may be at an inflection point, where the price is so sensitive that it could move either way at a moment's notice.
I would like to call it 'Price Fragililty', while some may prefer to call it 'Price Volatility'.
Where is the silver lining playbook when you need one, eh?
Until next time, happy trading~
$ZIL Wave II retracement may not yet be over~NOT FINANCIAL ADVICE
We may have not seen the worse part of this Wave II retracement, which looks like a 5-3-5 Corrective Waves ABC.
On the Daily charts, It does seem to confirm the completion of Wave A (5 impulse waves down), Wave B (3 corrective waves reversal).
While price action may have retraced (from ATHs) touching the expected 0.618 fib levels, but due to late 2020's insance parabolic bull run, an overcompensated corrective waves can be expected.
While there are no theories that confirms this, the tingling elliotician in me tells me that there is a good chance that we can anticipate an impulsive Wave C down, which is currently underway.
A decent price target of $0.058 means Wave II will retrace and touch 0.786 fib levels before making its way towards new ATH on a good Wave III towards the end of this year with a target price of $0.311 at least.
With such price targets, we are looking at a possible gains of 536% gains ($0.311/$0.058 * 100%).
Good luck with your trades~!