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Zil

SasanSeifi 💁‍♂️ZILUSDT /LONG VIEW 👉3D ⏭ 0.033/0.037 ⬆ Hello everyone ✌ In the long-term timeframe, as you can see the price is currently trading in the 0.030 range of the long-term downtrend line. I think if the 3-day timeframe candle closes above the 0.030 range. The price will grow up to the target range of 0.033/0.037 and the FVG range of 0.040. We have to see how the price will react to the long-term downtrend line. ❎ (DYOR)...⚠⚜ What do you think about this analysis? I will be glad to know your idea 🙂✌ IF you like my analysis please LIKE and comment 🙏✌
Long
by SasanSeifi
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
ZIL has 2 possible movement scenariosZIL has created an Inverse Rounded Bottom Pattern which means the price should do a bit of correction and goes bearish for sometime. the Pattern has not been broken yet but when it happens, the price shall Decrease as much as the measured Price movement which is shown on the chart.There could be another Scenario which will be that the Price breaks the pattern Upwardly and Reach the resistance level that is shown on the chart and why is that possible? well if you pay attention to RSI, you can see that the price has reached the oversold area which is a bullish signal so we should consider the possibility of a bullish movement as well. The Price shall do a movement pretty soon so we can predict the incoming movement right after. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🌍Thank you for seeing idea . Have a nice day and Good luck
by CobraVanguard
1
ZILUSDT| Wave One| Weekly S/R| Daily S/R| Price Action| Trend Evening Traders, Today’s analysis – ZILUSDT- trading at and area of resistance where a rejection is plausible, Points to consider, - Price action corrective - Weekly S/R Resistance - Daily S/R Support - Impulsive Wave ZIULUSDT’s immediate price action is trading at a resistance point that is in technical confluence with the POC, Weekly S/R, Int Daily S/R and the .618 Fibonacci, allowing for a potential correction. The immediate support will be the Daily S/R region, price respecting this rea will allow for completion of Wave Two. Overall, ZILUSDT is a valid long on the pull back, this will allow for a defined entries, invalidation is multiple candle closes below the Daily S/R Support. Hope this analysis helps, Thank you for following my work, And remember, “It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you‘re wrong.” -George Soros
Long
by AzizKhanZamani
10
Is it Bulls' Time for ZIL?Looking at the daily chart of ZIL/USDT, the ZIL price was swinging from $0.01541 to $0.03426 within the past 30 days after going to its lowest of the month at $0.01541. Bouncing back from the support level, ZIL is trading in the previous order block formed on 08 November 2022. If ZIL is able to break out of the order block and rises higher, we can expect ZIL to reach $0.05. Meanwhile, our long-term ZIL price prediction for 2023 is bullish if it cannot break the support level. We can expect ZIL to reach $0.06 this year. If ZIL cannot break the $0.03047 resistance 1 level, the bears may seize control and dethrone ZIL to a downtrend stance. In simple terms, the price of ZIL might fall to almost $0.01621, indicating a negative signal from the previous support level.
Long
by CoinEdition