ZILUSDT trade ideas
Zilliqa | Volume ProfileAfter a strong run up, price has retraced and settled on strong support around a psychological support and also the POC @ $0.10.
There has since been a short term trendline which is now being broken - once this current 4H candle closes, then a break in trend will be confirmed.
You can guess what happens from here if the rest of the market, more specifically BTC has a stable recovery up-trend.
There are 4 key support levels below current price seen as spikes on the volume profile.
ZIL potential bounce Looking for a long or accumulate more ZIL within this area hands out a good risk to reward ratio.
ZIL/USDT ANALYSISZIL earlier took a massive bull rally due to it's fundamental news. Currently, price is dumping and build up a resistance at $0.134 - $0.138. Price reached a support level of $0.096 - $0.10 and price breaks below this level in 4H TF, then we can continue fall till next major support zone of $0.033 - $0.042.
ZILUSDT looking good for a reversal on the 4HZILUSDT looking good for a reversal on the 4H
● Price touched and bounced from 200EMA
● Bounce from 0.618 Fibonacci level
● Heikin Ashi doji formation
● RSI and MACD starting to turn upwards
Target 0.130 back to the 0.50 fib level
ZIL Update: Long or Short when BTC is looking bad?The box indicates the demand zone which is showing much strength whenever ZIL takes a hit. Buyers are happy to buy in this region and are always selling at key resistances.
We have been making lower lows during the retracement after the 500% uptrend (highlighted and circled in blue). We recently made a higher low (circled in red), and I think there is no need for ZIL to test critical support levels for buyers to show up.
Why did the 0.12 level does not hold up during BTC retracement? My best guess is that most buyers long at the critical support level which is 0.10 previously and are selling between 0.12-0.13. If we are able to hold the higher low support this time, buyers will have no choice but to buy higher, thus pushing prices up and potentially making a higher high when testing the next resistance level.
ZIL showing incredible strength while BTC trading sidewaysZIL has been trading in the demand zone channel despite BTC trading sideways. RSI is showing bullish divergence. Low volume also indicates that bottom is in for the short term. This is a good area for accumulation while waiting the market to come back up. There is a high chance that BTC is having a bounce back to 40k to invalidate the bearish scenario of diving down to below 39k.
ZIL UpdateZIL Update:
The phantom trendline of ZIL has touch 3 points. The price of ZIL retest that trendline it broke prior with a bullish pin bar on retest. The retest happens with a bullish reversal candlestick. Still no sign of invalidation on shark pattern and phantom trendline. Take care and goodluck.
GET IN ZIL WHILE YOU CAN!!!I posted this about zil and demand zone has been reached.
Now it had bullish divergence on 1h timeframe and is slowly settling down.
I recommend waiting a little bit more for zil to get in demand zone because it barely touched .
You can enter with some precent and later if it drops enter with other amount you wanted.(for longer term investment)
Not financial advice,just my opinion!
zilWe;; here is my prediction move for ZIL in next weeks
any daily candle closed below 0.085 would cancel the scenario and might see 0.05 levels
update zilI think it is still in the correction wave, what are your thoughts on this
feel free to commend below.
ZIL 50% TRADE SIGNAL(SWING TRADE)!!!Update on zil:
So i posted this signal about a week ago about demand zone that zil was in.
Zil has respected that demand zone and made break fo strcuture on lower timeframes and change of character on higher timeframes.
I marked all the point where you should buy how much and where should you take profit and what should be your sl.
If you plan to use leverage please dont use anything higher than 5 because profit itself is insane even without any leverage!!!
ZIL/USDT continuation to the upsideZIL has wicked down to touch the lower support level and I believe it will retest $0.14 within the next two days, we may get rejected at the first attempt, however I think it is more probable that we probe the resistance a few times, break above, back test and continue upwards.
NFA, DYOR, G'Luck!
ZIL/USDT - Next Impulse Wave incoming Next Impulse Wave should be forming here that should pump us up to test the previous local high and previous ATH. Once this impulse pumps, expect a sharp pullback and an A,B,C correction to the downside before more upside to come in the mid term and future months ahead.
NFA, DYOR, G'Luck!
ZILLIQA (ZIL) long position 🚀As I mentioned in my previous analysis ✔️
the price hit the target and start to gain from our support area 🐋💣🐋
and now
we expect more gain for the price and our next target is located on the chart with price label
Please, feel free to ask your question, write it in the comments below, and I will answer.🐋
ZIL Update after a miniscule pump.My take is the same as my previous post on ZIL. My sentiment is still bullish on ZIL despite BTC showing some weakness after a rejection to 42k. ZIL currently trading high in volume and is decoupling from BTC. I believed most traders had already entered their positions and late traders are looking for small retracement once an opportunity showed up. This could possibly drive another breakout towards ZIL's previous local top of around 0.2 cents. However, Before this push, I expect people to take some profits but also expect that retracement would be <5%.
Spotted some cup and handle patterns on 4H and daily timeframes. This might be a possible outcome but it does not play out every time.
Staking on Moonlet dropped from over 15% to 14%ish. This is bullish because ZIL has successfully turned buyers into holders by attracting them into their staking pool. This essentially means that more people are staking and locked for 2 weeks, hence staking % is going down. Sell pressure may only come when we meet the key resistance levels I previously posted.
Market may turn ugly at anytime because everything is unpredictable and BTC is the king. I am currently 60% bullish on this trade. Good luck
ZIL, the rebound begins.The following content is machine translation:
The daily line accelerated and then fell back.
It has pulled back more than 50% from the high and found support near 0.1.
Currently forming a small double bottom support rebound.
It shows that this wave of callbacks may be in place.
Continue to watch the rebound next.
There is currently some resistance at 0.14.
The operation is low and long, and the price is near 0.17-0.18.
ZILUSDT$ZIL Painting a pretty large descending broadening wedge on the 4H.
I front run this trying to get an aggressive entry on low leverage. Looking to the add to the position and increase the leverage if it breaks this trendline.
Upside targets looking good. Measured move, 382 and 618 are my targets.
