Zilliqa
$ZIL Impulse Wave (3) underway with target $0.0252.We finally have confirmation that $ZIL is no longer in a Wave (2) counter-trend pullback, that seemed never ending for all Zilliqans out there.
Much thanks to big brother Bitcoin's surge, $ZIL is now finally trading in a safe range where one can enter a trade and expect to go long.
An Impulse Wave (3) may be expected to go higher than our target but $0.0252 is a modest estimate for now.
Currently trading at $0.022, one can safely estimate to experience 13% gains by the end of this Impulse Wave (3).
ZIL/BTC down to 119sats?Bullish momentum halted by the 312sats Weekly Resistance, price then fell to the next Weekly Support which was 211sats. This level held initially but has now broken and flipped to Resistance which has been tested 3 times with no breakthrough. Price has now created 4 Lower Highs and seems set to resume the bearish trend it has been stuck in since the Summer of 2018.
The next Weekly Support is 119sats which is where I expect price to go even if it was only wicked. At this Weekly Support price has the opportunity to form a Higher Low in comparison to the ATL's we saw in the accumulation period between Aug 2019 and April 2020.
Zilliqa (ZIL) - November 4Hello?
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
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It remains to be seen if it can rise above the 0.01794365 point around November 11th, following the upward trend line.
If you gain support and rise at 0.01421891, it is expected to create a new wave.
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** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You should trade from a short-term investment perspective.)
Two ways to view Zilliqa's $ZIL today: Bulls & BearsIF YOU ARE BULLISH:
- Expect bounce of support at $0.017 to go on an impulse (minor) wave 3 climb.
- ZIL to reach between $0.021 to $0.0232 in the short term
IF YOU ARE BEARISH:
- Expect to break support level and go lower than $0.017 as ZIL continues a protracted countertrending (intermediate) wave 2
- aka an extended corrective (minor) wave C
Takeaways:
- not sure if it's good to go LONG or SHORT until further confirmations
- sit tight and let the bears or bulls give you further clarity
2 minutes into forming my TA on Zilliqa and holy moly.With the Crypto bullrun just getting started and BTC hitting a yearly high. Zil charts are of the scale. Its a beautiful project, with great tech and a great team. Seems to of had patience and recent news shows it is potentially going to be the blockchain for Defi. (once the scams are exposed) All i can say is i am ultra bullish for what this coin can do in the next year or so.
long term investment plan on ZILLIQAthis one is for long term investment , here is the steps:
1-get in with whatever you can afford to lose
2-divide them into 3 parts
3- put every one part on one of the specified entry points
4-targets are there take them whenever you want
TIME ANALYSIS:
the first bullish wave expected to start around 27 October
the second one expected to be around 16 November
3 May expected to be the start of the correction so we may take some of our profits there, I'll keep you updated about it
ZIL/USDT 1h (Binance Fut.) Parallel channel breakout & pullback#Zilliqa just broke-out bullish and volume increased a lot, time to look up now!
Current Price= 0.01889
Buy Entry= 0.01874 - 0.01850
Take Profit= 0.01916 | 0.01962 | 0.02024
Stop Loss= 0.01808
Risk/Reward= 1:1 | 1:1.85 | 1:3
Expected Profit= +11.60% | +21.48% | +34.80%
Possible Loss= -11.60%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 4x
Estimated Gain-time= 120h