ZILUSD trade ideas
Zilliqa / USD Technical Analysis: Leap ForwardZilliqa / USD Short-term price analysis
Zilliqa has a bullish short-term outlook, with the cryptocurrency enjoying a strong bid tone as the new trading month gets underway.
The four-hour time frame shows a bullish inverted head and shoulders pattern, with buyers now probing the neckline of the bullish pattern.
Technical indicators across the four-hour time frame are signalling further near-term gains for the ZIL / USD pair.
Pattern Watch
The overall upside projection of the inverted head and shoulders pattern on the four-hour time frame would take the ZIL / USD pair towards the current yearly trading high.
MACD Indicator
The MACD indicator is bullish on the four-hour time frame, with the MACD signal line issuing a strong buy signal.
Relative Strength Index
The RSI indicator is bullish on the four-hour time frame, although it is moving away from extreme overbought conditions.
Fundamental Analysis
The short term uptrend move can also be supported by the approaching end of the bootstrap phase (estimated to be on April 2nd, 2019), and the token swap which is planned for later this month. These are important steps to allow the use of Zilliqa’s blockchain at a full scale.
Zilliqa / USD Medium-term price analysis
Zilliqa has a neutral medium-term outlook, with the cryptocurrency moving towards a test of its trend defining 200-day moving average.
A bullish breakout has occurred on the daily time frame, with the ZIL / USD pair moving above a large descending price channel.
Technical indicators on the daily time frame are turning higher and continue to show that bullish momentum is gathering pace over the medium-term.
Pattern Watch
Traders should note that the descending price channel on the daily time frame has been in play since January this year, making the recent breakout technically significant.
MACD Indicator
The MACD indicator is bullish on the daily time frame, with both the MACD signal line and histogram trending higher.
Relative Strength Index
The Relative Strength Index is bullish on the daily time frame and is signalling further strength in the ZIL / USD pair over the medium-term.
Fundamental Analysis
The medium-term potential of the project is pegged to the ability of the team to start implementing the project’s partnerships. The recent announcement of the successful collaboration with Mindshare on a live advertising campaign in Southeast Asia is a positive sign, and could be the beginning of Zilliqa’s road to wide adoption.
Conclusion
Zillaqa has an improving trading outlook over the short and medium-term, with both time frames now showing bullish patterns.
If buyers can move price above the ZIL / USD pair’s key 200-day moving average, the cryptocurrency is increasingly likely to target towards its current yearly trading high.
$ZIL to 0.30 cents over the course of 12 monthsWave (iii) isnt the shortest , price action seems pretty similar to $EOS last year before reaching all time highs
also the tech is far superior than most of the blockchain scams out there,
No one is even talking about this
Don't be that person regretting seeing the pump
grab a heavy bag
Zilliqa Bull pattern 23% Zil/USDHi Guys like everyday i'm supporting famous Token Today shape of zilliqa Is awesome. we've cup & hand if we're break out neck the shape the next target is 23% equal 0.025 USD. s
We've personally took a position in $ZIL | #Zilliqa here! We've personally took a position in $ZIL | #Zilliqa here!
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We just opened a LONG on $ZIL | #Zilliqa! Massive upside is...We've personally took a position in $ZIL | #Zilliqa here!
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Zilliqa. Bought, Sold, Bought. Expecting Strong Gains.Bitcoin seems to be holding above $3400. So $Zil should be set to go.
Just a thought - ZILUSDMay-June - Long anytime now. Keeping it simple!
Let me know what you think, a lot of lines but they are making sense.
Could we retest our low....It is possible but something like BTC dumping will have to trigger it.
Drop me a comment and keep things positive if you can.
Need stronger volume to break crucial resistancesAs you can see Zilliqa looks quite good, the only worrying and bearish indicator is low volume, it looks like the buyers are not there to break crucial resistances (green zone).
If Zilliqa manages to break up with the strong volume and market shows some strength in keeping those resistances as a support we can expect some good bullish periods for Zilliqa.
Looking good ahead of mainnet, let's hope market behavesBullish case:
Possible hidden bullish divergence, if we break the ascending triangle potential target could be 0.03$.
Bearish case:
Another rejection of a triangle resistance with even lower bullish volume and breakdown of an ascending triangle.
Market is in bad condition, could and probably will a huge affect on the price.
Zilliqa First Sharding MainnetZilliqa will double up in $ terms
This is one of the most advance blockchains out there.
It has a low capitalization.
ZILZIL showed growth for the last 7 days, from 0.02 to almost 0.023 as for now.
The rise could be influenced by the fact that crypto research platform Messari has announced the addition of Zilliqa to their crypto analysis platform. It helps to increase the awareness of the coin and possibly serves to attract more investors.
As for today, ZIL is more than 3% up to USD within 24h hour period and almost 1,5% up to BTC.
Ascending triangle ZILUSD forming Ascending triangle on 4H TF. Target is base of triangle, and SL under triangle line.
Good luck!
Ziliqa ready to breakout? Ziliqa looks ready to break out. Buy if a 4-hour candle closes above resistance line.
The candle will close in 30 minutes. SL is in the chart.
ZIL/USDZilliqa has been added to Coinbase Pro.
The mainnet upgrade is scheduled for January 31, 2019 implemented updates should improve the network’s security and throughput.
Support moving forward: $0.01605, $0.01539, $0.01431, $0.01233, $0.010.
Resistance moving forward: $0.018, $0.02029, $0.022, $0.02499, $0.02627, $0.02799, $0.03044.
While most top 100 cryptos will benefit from the increased bullish sentiment, it can be of particular importance for Zilliqa.
2018 was not a winning year for ZIL. It now trades slightly above 0,017$, which is a huge fall from its all-time highs. But thanks to this improved sentiment is its upcoming news and to the fact that good news in general have more impact in bullish market, while when bears are leading good news have shown to have no impact on prices, we might expect a further rise.
So, if current positive sentiment carries all the way into 2019, Zilliqa could emerge as one of the best performers in Q1.
