ZILUSD trade ideas
Lets get bullish on ZILLIQA and $ZIL, with Wave 5 underway!NOT FINANCIAL ADVICE
Be warned that this post contains an extremely bullish count for $ZIL, unlike my previous post , which was counted with a hint of bearishness.
Let's put aside that bearish possibility for a while, because in the macro trend $ZIL is bullish!
As with most Elliot Wave studies, more confirmations received sometimes causes the counts to change ever so slightly and sometimes drastically.
Let's take a look at this mid-late April dip:
We witnessed one of the scariest dips ever seen in recent times, as the Wave 4 correction hit us hard and swift.
Definitely shook plenty of weak hands, while reinforcing the diamond hands even further (which one are you?).
Prices and sentiments quickly recovered, causing a truncated Wave C which then led us to..
Wave 5:
A new impulse wave is born.
Or it could be a leading wave 5 too!
However, I am inclined to estimate a really good impulse Wave 5 climb here simply because the sentiments (mostly crypto twitter) that are riding on this final Wave are quite intoxicating.
Couple that with these three exciting majorly huge projects expected to be launched this quarter:
- migration to Mainnet V8 (faster block times = faster rewards!)
- Pillar Protocol (more stablecoins shenanigans!)
- PolyNetwork (bridges to other blockchains, such as Bitcoin, Ethereum, Binance Smart Chain and Cosmos, amongst many)
Thirdly, google search trends for "Zilliqa" is at its highest ever -- and this to me, is the strongest signal for a huge upcoming Wave 5!
But where are your price targets Googooboyy?
As with all elliot wave studies (or any TA), it is best used to gauge the trend that we are in and tackling the magnitude of price action is a really tough call, best reserved for shamans and voodoo-mangeries..
But a simple fib based trend extension..
..gives us a decent target of $0.30 in the near term.
Very decent, very modest, just a simple prediction.
And with that, I'll also leave you with a price target nugget ( link here ) by youtuber, Marc Scapelitte, via regression models, which also uncannily predicts a price top of $0.30 by May.
Happy trading~
$ZIL Zilliqa 3 Years ago....Imagine this: 3 years ago on 5/10/2018 investors bought (ZIL) at the previous all time high of 23.55 cents. On 3/9/2020 Zilliqa (ZIL) hit an all time low of .0021 cents! Zilliqa (ZIL) is currently in price discovery searching for a new all time high. This is not financial advice.
$ZIL UPGRADING TO NEW HOMEprice action for zil has used up the old available space
zil can now afford a new place to reside and the price action is supported for this move by the 18 week moving average of lows
not financial advice
zilllll#ZILUSDT is breaking ath now
wait for daily candle to close above 25 cents mental resistance
buy in steps
SL daily close below 17 cents
ZIL about to fire up?????Im a big fan of Zil and what its future will bring. I think $.35 is the next major milestone but i dont think it will be in the very near future. However, price is in a clear channel that ive been trading while waiting for a breakout.
$ZIL AT THE BEGINNINGzilliqa just reaching the starting line at the 2018 ATH
minimum expecation for zil is .65
other targets possible
anyone betting on 100X ?
decentralized web address - did you get one? I did. pretty cool.
not financial advice
$ZIL is heading towards 2021's ATH with a hint of bearishness.NOT FINANCIAL ADVICE .
Zilliqa's is uptrending, in a good way.
From Mar 2020s all-time lows, we have had an insane trip breaking previous all-time highs.
There's also a seemingly neverending list of projects and partnerships being announced every week these days.
On Twittersphere, #ZilFam is growing fervently and the community is never bigger.
The best news of all is that its ecosystem is barely a fraction of the biggest in the crypto-verse -- there is just so much potential.
But all good things come to an end, at least for a short while.
We are now going through a good corrective period in this macro supercycle bull run, where mid-April ATH signalled the top for Wave 1.
A Wave 2 corrective trend, comprising of Corrective waves ABC, saw a healthy 55% drawdown 2 weeks ago, where it was one of the biggest dips since Covid19's reared its ugly head and spooked markets.
Corrective Wave A have played out fully and we are now on a Wave B underway.
While it may seem that price action might have turned the corner and started moving towards 2021's all-time highs and calls of $1 are being thrown about, I would err on the side of caution and examine these charts closer.
This simple Ichimoku Cloud indicator introduces us that while $ZIL is in a bullish macro trend, it's not a super-strong one yet (price action above a thin, malnourished kumo cloud, chikou span is healthy and uptrending).
With that in mind, we can digest this main post's idea that we could very well still be in a corrective trend.
Our Target Price for this wave's move will be in the region of $0.232~$0.253, before we can expect a reversal into a downtrending Wave C.
But is there a chance that price action will continue trending upwards and Wave B is invalidated, i.e we immediately transpose into an impulse supercycle Wave 3?
Of course! The probability exists, but take a look at this selling pressure since the turn of 2021:
MACD is uptrending, but it needs to increase further!
Until confirmation of a Wave 3 plays out, I'll be happy to take the current uptrending wave with a pinch of salt -- and I've had to consume plenty of salt from my previous bearish calls, mind you!
For your enjoyment, here's one of em 'bearish calls' that $ZILUSDT stomped on:
Until next time, keep smiling =D
ZILUSD hunting ATHSimple analysis because that's the way we like it.
Bullish signals:
1 - Double bottom formed 0.13
2 - Bullish pennant forming on 4h
3 - Above 50,100 & 200 MA/SMMA also Golden cross potential showing as MAs cross upside
4 - Climbing up the Fibonacci lines drawn from larger swing low-swing high, found comfort above 20 which is good minor fib support
5 - Fibonacci retrace on this mini bull run found comfort at 0.382 which is lovely retrace zone for support and growth
6 - potential extension at previous high
#ZILusdt / #ZILLIQAI do NOT like to describe...
I think can take proper profit in a short-term which is nearly %30.
Target point is Red line : $0.243
What do u think??
Buy Zil @$0.12 Target @$1.50 Date Jan 3,2022 UpdateZilliga Token (Blockchain)
Buy Add-on @$0.12 Target @$1.50 Date Jan 3, 2022 (Long Term)
Buy Add-on @$0.10 Target @$0.60 Date April 22, 2021 (Short term)
Bought 20,100 @$0.069 Target @$1.00 Date Jan 3, 2022 (Mid term)
Zilliqa is the first public blockchain to implement sharding on its mainnet,
delivering high performance and high security for enterprises and applications,
And introducing the governance ZIL token (gZIL),
Circulating Supply 11,982,412,306 / 21,000,000,000
Project Website: www.zilliqa.com
Binance.us Exchange: www.binance.us
ZIL the break of top can make new highresistance and top
the break can make new high
SL and TP in Chart
ZIL to $0.30!Zilliqa has shown signs of rejection around the 61.8 fib level and price has rapidly pushed on from there. We expect price to reach $0.30 creating new ATH!
