ZIL - Future Projection SeriesIf you’ve read any of my previous “Future Projection” posts, skip down to the conclusion as these paragraphs are the same.
During the downturns in the market I spent time learning more about utilizing the charting functions in TradingView. I also watch a lot of youtube vids about crypto and charting concepts. I came across a good chunk of info on using the “log” function and what it could possible show me.
At this point in the crypto cycle, even though I feel we are nearing a parabolic stage, it is beyond the point to expect 50X or more from me or any basic Joe who “dabbles” in crypto investing. Think long term. What can I realistically (if that even exists in Crypto) expect a coin to perform in the next bull run. Well the log function gives me a level playing field to do just that.
Using the log function, I utilize a common start date as the beginning of my parallel channel. That date is the big drop Mar/20. The parallel channel runs from the bottom of the Mar/20 drop forward in time along the bottom dips. The top of the channel is the highpoint in the cycle.
The first future projection is created using the green trend lines, the first from the top of the cycle peak to the bottom, and another from that lowest point up forward in time to what I estimate as the timeframe for top cycle which approximates end of Q4, and my birthday Jan/7 so thats the future date for all graphs in this series.
The second future projection takes ratio’d growth into consideration. This is done using the blue trend line which starts at the first peak after the Mar/20 drop, using the top of arcs as the guidance. I carry this line forward to Jan/7.
Conclusion; At the time I drew this one the price was $.10
First Projection $1.21
208 / .10 = 12.1 X
Second Projection $5.92
493 / .10 = 59 X
Now for a regular old fellow such as myself, a 12 to maybe 59 X on my money within the next few months is a good investment. It literally involves 2 trades. Timing is not a great big deal as long as you get in near .10 otherwise the X factors changes a lot. Timing to get out is the top of the curve. This is a day time factor. It’ll be “at the top” for days or a week. You’re not chasing a pump or a knife here, its a month(s) trade. Or a parabolic week so watch close.
I’ve done this for a lot of coins now and the results are sometimes very interesting in that, a popular coin just doesn’t have the numbers or that it really has good numbers. I found as an average I like results in the 5 or above range for the first projection and 15 or above for the second projection. If I utilize this investment concept and choose coins with similar numbers I can reasonably expect a 10-15 X overall. I’ll post a few others I find interesting for this bull run in the coming posts.
My thoughts, not advice Oklah. Cheers
ZILUSDT trade ideas
Zilliqa (ZIL)Hi everyone,
This is my description:
Purple Lines: Support & Resistance (for a week) “VERY IMPORTANT”
Blue Lines: Support & Resistance (for a day) “IMPORTANT”
Orange Lines: Support & Resistance (for a 4H)
Thanks for your attention.
**IF YOU WANT ME TO ANALLYSIS ANY OTHER CRYPTOS, PLEASE COMMENT THE NAME OF IT FOR ME**
ZIlUSDT - Cup and Handle Pattern & Fibonacci#Zilliqa
#ZILUSDT - Cup and Handle Pattern & Fibonacci & Triangle Pattern
Timeframe: 1D
Rank: #91 Coinmarketcap
Marketcap: $1,267,612,267 in 06 /nov/2021
Target1: $0.16
Target2: $0.32 based on fibo 0.618 & Cup and Handle Pattern
Target3: $1 based on fibo 1:1
ZIL inverted head and shoulders potential to increase 90%#ZILUSDT
$ZIL shaped an inverted head and shoulders, also another head and shoulders in right shoulder that broke out from neck line and resisted by neck line of bigger H&S.
if price hold above the neck line, the first target is around $0.143 (30%) , and next target will be around $0.2 (90%)
if price break down from ascending support line this scenario will be invalid.
Zilliqa cup and Handle on the dailyZilliqa has been in a long period of consolidation and has formed a cup and handle on the daily.
A diagonal trendline is currently acting as resistance and if we can get a nice green candle with some volume to break above it and the EMA's then I expect we find our way back up to retest the ATH.
The overall long term trend is bullish and the market cap is still relatively low. If the market stays bullish we could easily see 5-10x from here over the coming months.
Not financial advice.
ZIL looks similar to MANAIf you follow me you might have seen my signal about MANA which it's pumping hard after Zuckemberg announced Facebook's rebrand and their commitment to create metaverse. This signal about ZIL is just because this set up looks a lot similar to MANA although indicators were a lot more bullish on MANA even before FB's rebrand.
MIght be worth to buy some. Use my trendilnes for stop losses
ZILZIL has formed an interesting setup with the recent bounce back from its consolidation area. By some rare coincidence, the consolidation area and the last MMR band seemed to be on the same price mark. This shows the bull and the bears had a tough fight around this price range, and the bears gave in and couldn't break that band anymore. Good consolidation shows a lot of accumulation also took place in that price range. I am expecting ZIL to attempt a move towards 0.11300 next, followed by 0.12130 resistance. If the price area holds, we may see it try to move towards 0.13400 to flash out the order blocks from its September crash, followed by 0.17800 of May's crash.