DESCENDING TRIANGLE PATTERN ON 4H CHART!!If we looking at this this chart, the price is forming a pattern that we called as Descending Triangle Pattern.
This could indicate a bearish movement if the Support couldn't hold.
But, in the daily timeframe, we also expecting a strong rebound since the price is near the Support Line from Ascending Channel.
Disclaimer : This is not Financial Advise
Zilliqa
$ZIL bottomed, decent trade but missed the ideal entry$ZIL has made a double bottom and back above daily support. ideal entry would have been 10168 satoshis, but it still offers a decent risk/reward trade if taken now. Alternatively it's also possible to wait for it to retrace a bit which would define a higher stoploss and offer a better R/R (but more risky) trade
Zilliqa formed Cypher for upto 29% bullish moveHey dear friends, hope you are well, and welcome to the new update on Zilliqa (ZIL) coin with US Dollar pair.
Previously we had a nice trade of ZIL coin on 26th May:
Now on the daily time frame chart, the price action of ZILLIQA has formed a bullish Cypher pattern.
Buy and sell targets:
Buy between: $0.1019 to $0.0875
Sell between: $0.1132 to $0.1132
Stop loss:
The maximum extent of potential reversal zone $0.0875 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a big profit possibility of 29%, and the loss possibility is 14.5%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
THERE IS A BIG CHANCE FOR ZILLIQA TO DROP FURTHERBased on the Bitcoin Dominance, that surging about 2% today, giving impact to Alt Coins because of the market start shifting back to Bitcoin.
The Alt Coins start to suffer, everyone keep asking me why Alt Coins are dropping meanwhile Bitcoin gain today??
The answer is BTC Dominance, therefore as you can see on the Chart, not much to say for Zilliqa besides of it will dropping further.
The only thing that we can do right now is preparing for the worst on Zilliqa, stay away from the market as right now it's dropping so fast like a falling sharp knife.
Be careful and be aware of potential bottom on every token right now.
Good luck!!
Disclaimer : This is not Financial Advise.
ZIL bullishZIL at 360 resistance and look bullish to get above it today. Buying some here and leaving average cost order at 315 in case of rejection and dump. That will allow to reduce position size or exit it fully at 335 SR.
Day chart for zoom out view (mainly because of day chart I assume drop to 300-315 is possible)
ZIL the leading indicator of the marketHi crypto traders,
ZIL has been a leading indicator for the market direction. We have just finished the C wave of the Wave 4. We are getting started with a new mega wave that may bring us more than 10x from here. This is a great time to accumulate ZIL or at least keep an eye on this coin for when the bull market may end.
Cheers!
#zilliqa I saw this pattern before, didn't you ?!we already entered #ziliiqa from 0.02 (check related idea)
and I think that it will launch soon with long term targets defined also (in the related ideas ).
so let's watch it carefully
and most importantly , manage your risks
and more importantly , NEVER forget to give this idea one single like
ZILLIQA BREAKOUT THE TRIANGLE PATTERN!!Zilliqa still looking good with this Bullish Trendline, and as I checked on the lower timeframe, its just break the Triangle and already retesting the Support.
The good news is, after the testing phase on the Support line, ZIlliqa suddenly gets a power up and spike to $0,14.
Kinda a good signal for Bullish continuation.
Disclaimer: This content is not a Financial Advise.
ZIL 1D Let's get up there! It's sink or swim around hereIn April-May 2021, the ZILUSDT price tried to renew the maximum, which had been held since May 2018.
However, the price of ZILUSD could not confidently do this, and as a result, in May 2021 we saw a drop from $0.25 to $0.07.
Now the price is trying to recover, and the critical zone from above is $0.174-0.194
If the price can gain a foothold above this zone , then it will be possible to consider a set of long-term investment positions with the first targets from above $0.90-1.00
However, if sellers activate in the critical zone, then theoretically the downward fall may be even stronger than in May, and the level of $0.025 will act as strong support from below.
A positive mood can only be added to the ZILBTC chart, where, based on the chart, there is still a growth potential up to 550-600 sat. and even up to 700sat.
Write your thoughts in the comments regarding the possible future movement of the ZIL price
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Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
💡Don't miss the great buy opportunity in ZILUSD @zilliqaTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.1200).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ZILUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 63.
Take Profits:
TP1= @ 0.1555
TP2= @ 0.1830
TP3= @ 0.2070
TP4= @ 0.2275
TP5= @ 0.2560
SL= Break below S2
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. . . . . . . . Hit the 👍 LIKE button,
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💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
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💡Don't miss the great buy opportunity in ZILUSD @zilliqaTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.1200).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ZILUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 63.
Take Profits:
TP1= @ 0.1555
TP2= @ 0.1830
TP3= @ 0.2070
TP4= @ 0.2275
TP5= @ 0.2560
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
🆓Zilliqa (ZIL) June-2 #ZIL $ZILZIL is ready to generate a new rally up to 0.18$ or even new ATH at 0.26$ zone
📈BUY
- Buy : 0.117-0.123$
- Buy : 0.097-0.103$. SL if B
📉SELL
- Sell : 0.176-0.184$. SL if A
- Sell : 0.255-0.265$. SL if A
♻️BACK-UP
- Sell : 0.097-0.103$ if B. SL if A
- Buy : 0.078-0.082$ if A. SL if B
- Buy : 0.058-0.062$. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
legend of Zilliqa Salve
lets talk about lil about Zil, Zilliqa (ZIL) is a token developed in the year 2017. Zilliqa is mainly based on the concept of Sharding and primarily aims at improving the scalability of the cryptocurrency networks as in case of Bitcoin or Ethereum. The white paper mentions that the transactions speed would be approximately a thousand times more than that of Ethereum network. Ziliqa is fast, secured and decentralized. Zilliqa’s high throughput means that you can focus on developing your ideas without worrying about network congestion, high transaction fees or security which are the key issues with legacy blockchain platforms.look at 1.5Bil market cap babe!
Targets 0.128 - 0.13 - 0.15 - 0.17
Have fun
Stay rich
ZIL possible blow off targetsZil is one of the easiest coins to trade on technical analysis.
I am not listening to any media or moon boys on Twitter or YouTube. Just pure TA!
We have formed the wave 4 and we are getting ready for the last mega wave 5. The wave 5 must have 5 sub waves and should be easily identifiable. My most realistic price is between 100% extension of level 3 which is around 1.1usd. We could extend to the 2 dollar area. For now, those are the levels, but we should wait for the sub wave count before we can be more certain about the targets.
Stay safe and remember, don’t listen to “influencers” !