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Zilliqa / TetherUS

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ZILUSDT trade ideas

ZIL/USDT Technical Analysis:ZIL/USDT Technical Analysis: Will the Zilliqa Network Upgrade and Hard Fork Lead to a Price Dump? ZIL, the native token of the Zilliqa blockchain network, is currently trading at $0.033. As per the chart, a double top pattern has formed, and the price has already been rejected from it. This suggests a potential downside move in the near future. Furthermore, the Zilliqa network upgrade and hard fork are scheduled to take place on 25/04/2023, which may cause the price of ZIL to dump. This is a common phenomenon in the cryptocurrency market where traders tend to buy the rumors and sell the news. In this article, we will analyze the technical indicators and news regarding ZIL to understand whether it is a good time to buy or sell ZIL. Technical Analysis of ZIL/USDT As per the chart, ZIL has formed a double top pattern, which is a bearish reversal pattern. The price has been rejected from the resistance level, and the next support level is at $0.030. If the price breaks below this level, it may fall to $0.027 and $0.025, respectively. The Relative Strength Index (RSI) is currently at 45, which indicates a neutral zone. If the RSI falls below 30, it may suggest an oversold condition and a potential buying opportunity. The Moving Average Convergence Divergence (MACD) is also in a bearish zone, and the histogram is showing a negative trend. This suggests that the bears may be in control of the market. ZIL Network Upgrade and Hard Fork The Zilliqa network is scheduled to undergo a major upgrade and hard fork on 25/04/2023. This upgrade aims to improve the performance, security, and decentralization of the network. However, such upgrades and hard forks often result in a price dump as traders tend to sell off their holdings after the event. Takeaways Based on the technical analysis and news, here are the key takeaways for ZIL/USDT: ZIL has formed a double top pattern, suggesting a potential downside move. The next support level for ZIL is at $0.030, followed by $0.027 and $0.025. The RSI is neutral, while the MACD is in a bearish zone. The Zilliqa network upgrade and hard fork on 25/04/2023 may lead to a price dump. Conclusion In conclusion, the technical indicators and news suggest that the price of ZIL may experience a downward trend in the near future. Traders should be cautious and consider selling their holdings if the price falls below the next support level of $0.030. However, it is important to conduct thorough research and analysis before making any investment decisions. As always, this is not financial advice and readers should seek the advice of a professional financial advisor before investing in any cryptocurrencies. Follow us for More Quality Content. Thank you.
Short
by CryptoPatel
3
ZILUSDT → Retest of previously broken resistance ZILUSDT is doing without a strong correction so far, but it is still present. The price is currently in the green zone relative to the previously broken resistance. The resistance line of the descending channel plays a key role at the moment. If the trend break is finally confirmed, the price can show strong growth to 0.0500 and 0.0700. BUT! The cryptocurrency market is being dragged down by the correction of bitcoin and several large-cap coins. The flagship is in a correction phase at the moment, so the local decline of the whole market may continue. Strong support: upper boundary of descending channel, level 0.0310 Strong resistance: 0.0365 I expect the formation of consolidation or false breakdown of the support with the further growth of the price towards 0.0500. Sincerely R. Linda!
by RLinda
6
$ZIL* Retraced to 0.786 Fib level * Formed cup & handle formation * Big news on 25th of April: EVM compatibility is coming to the #Zilliqa mainnet... This will allow users to transfer FWB:ZIL with @MetaMask, deploy Solidity dApps... 1D: Bullish Strength: 20 * MA7 > MA25 > MA99 * Supertrend is long * Chikou Span > Price * MACD > 0 * Upper Bollinger Band Breakout Bearish Strength: 0 4HR: Bullish Strength: 33 * MA7 > MA25 > MA99 * MA50 > MA100 > MA200 * Supertrend is long * Price > MA50 * Price > Tenkan Sen * Price > Kijun Sen > Kumo * Volume is rising Bearish Strength: 1 * StochRSI Overbought
Long
by TraderASY
ZILUSDTHow do you do dear friends, *Mars Signals Team wishes you high profits* This is a one-day-time frame analysis for ZILUSDT In the current chart, R2 and R1 are the resistance areas that include the unsuccessful attempts of the price to rise. S1 used to be a resistance line. And at the bottom, S2 is our long-term support line in which the support of price since the past is obvious. We can see the rejection of price at R2 when it was not supported there and after having a noticeable decline, it could have a recovery and rose up to R1 again. For the second time, it was not supported at R1 area and the price faced another fall and finally at its current point, we have its fluctuation below R1 in a rising trend. Hence, we must wait for two scenarios. Either the price is able to break R1 upward and an increase happens toward R2 (that is a proper point for saving profits) via more fixation and support over R1. Or is is possible that due to the existence of a red candle, the price is not supported anymore and a decline will be there for it down to S1 and again a rise would take place for it to higher amounts. At the moment the possibility of a decline below S2 is not so high. We highly recommend you to obtain every piece of information and idea through our updates for enjoying more profitable trades. Keep in mind to consider market conditions in lower time frames in order to make sure of a good point to put your trade order, we suggest you to wait for the time which the price is in its return upward. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
by MarsSignals
4
ZIL/USDT TRADE SETUP! 60% PROFIT POTENTIAL!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. If you follow me then you must make some good money in the past few days. If you are reading my post for the first time then I tell you, I have shared many Alts like ARB (50% UP), BNX 30% UP), HOOK (50% UP), EGLD (15% UP), SAND (15% UP), and many more. You can check all these setups in my profile. Remember this is just the start of the Altseason so do not Fomo As I said this is Altseason not an Alt day so we get more and more opportunities in the upcoming months. Here is our new setup. Welcome to this ZIL/USDT trade setup. ZIL looks good here. Breaks out from the cup and handle pattern and currently retesting the neckline. Also, they will launch EVM Compatibility next week. So I'm expecting a good pump from ZIL in the next few days. Buy some here and add more in the dip. Target1:- $0.036 Target2:- $0.040 Target3:- $0.044 Target4:- $0.050 SL:- $0.0295 (Do not trade without SL) Buy on spot or you can use low leverage with strict SL. If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Long
by CoreCrypto1
8
Crypto ZILUSD (The UPtrend is intact) View On ZILUSD (18 Apr 2023) ZIL is in * Slightly Bullish in short term (Intraweek) * Slightly Bullish in Mid term (1 to 3 months) * Bullish in Long term (3 months onward) ZIL is in the decent UPtrend and we have ample of support of nearby. Good supports are 0.028 and 0.022 will be good supports. Sooner or later, it shall go UP further. 0.036 will be the next good resistant. DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE" "Comment". Thank You! Legal Risk Disclosure: Trading crypto, foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
Long
by SonicDeejay