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Zilusd

ZILUSDT[Watchlist] : How to trade resistance breakout #2The price action for BINANCE:ZILUSDT  is currently making an attempt to cross-up the resistance area which would results in a triple bottom formation . Depending on whether the price action will succeed in this attempt or not would provide traders a good opportunity to take a long position . Overview : since the Sept 26th the price action has reached the bottom area (i.e green rectangle) three times (i.e. Sept 26th, Oct 23th, Nov 26th) on before initiating an upward move to the current resistance (i.e red rectangle) around 0.00558-0.00572. Another sign of strength is the higher lows formation made by the price action since the end of November. Risk management : Traders should be cautious and not anticipate the breakout since it is the first time the price action is testing this resistance since the breakdown of the support around 0.00558-0.00572. Therefore, traders might wait a clear breakup followed by a pullback to take a long position. If the price closes above the top of the resistance, it will be a bullish sign since buyers would have been able to push the price above the resistance. In that case, entry price would be placed on the same level of support to anticipate a potential pullback. Profit targets and stop loss would later be set based on the entry price. My Trading Principles :  -  Risk/Reward ratio : since it is difficult to predict every market movement, it is suggested for traders to only look for trades with a R/R ratio of at least 1:3. -  Stop loss : in addition of the initial stop loss, if the price actually goes as predicted, traders should keep a trailing stop to keep some profit. -  Position Sizing : it is suggested for traders to stick to their position sizing strategy. As a rule of thumb, most retail investors risk no more than 2% of their investment capital on any one trade.  "Remember, plan the trade, trade the plan. Build that discipline." I will keep updating this trade according to the future price action. Please support this idea with your likes and comments, thanks. Best regards, You can also follow me on : => Telegram : t.me => Twitter : twitter.com => Instagram : www.instagram.com => LinkedIn : www.linkedin.com
by jbadiabo
$ZIL Next Move Should Be Violent! Best Time to Enter? NOW!Zilliqa currently has it's deposit and withdrawal suspended due to mainnet update on Binance, so it actually need an accumulation prepartion for it's parabolic move. Next update from CEO and the whole dev on 16 June 2019. It's getting closer. Zilliqa has a lot of fanatic supporters. No doubt, this one will aging so well. ************************************************************************************************************************************************** If all of these ideas I posted helps you, give them thumbs up, shares, comments and follow me. If you have a suggestion, just fill in the comment sections or message me. Looking forward to hear from you all. Thanks a lot! TIPS: PATIENCE & PERSISTENCE ARE KEY TO SUCCESS RISK WARNING: Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. I will make best efforts to bring profitable signals, but will not be responsible for your investment losses or profit. -------------------------------------------------------------------------------------------------------------------------------------------------- www.tradingview.com Rules: #1 Always obey tradingview.com house rules #2 Always read the description #3 Don't spam on the comment section #4 If you wanted to request my opinions about a coin/token just give 10 likes on my published charts and I will do it the day or two after #5 My opinions are not financial advice, follow it at your own will and your own risk #6 Together, let's build a better community on this platform
Long
by blockchaindedi
1
Zilliqa $ZIL forming H&S - VERY BULLISH!Zilliqa $ZIL has been trending downward over the last few weeks and looks to have found a bottom and is now forming a head and shoulder pattern. If this plays out then the pattern will be complete around June 7 and will be aiming to break out of the downtrend. The timing is perfect as Zilliqa smart contracts are introduced on June 10. Zilliqa also expected to announce partnerships on their Zilliqa Day celebration a few days later. Many reasons to be bullish on this one.
Long
by MDicko123
1
Zilliqa Price Analysis ZIL / USD: Jumping Above The AverageZilliqa / USD Short-term price analysis Zilliqa has a bullish short-term outlook, with the cryptocurrency advancing to a fresh monthly trading high. The four-hour time frame shows a valid head and shoulders pattern, with ZIL / USD bulls working hard to negate the bearish pattern following a false downside breakout. Technical indicators across the four-hour time frame have turned bullish and continue to signal further upside gains for the ZIL / USD pair. Pattern Watch Traders should note that a large inverted head and shoulders pattern will form if the bearish pattern is negated on the four-hour time frame. Relative Strength Index The RSI indicator is bullish on the four-hour time frame, although it is now correcting from extreme overbought conditions. MACD Indicator The MACD indicator is bullish on the four-hour time frame and continues to issue a strong buy signal. Fundamental Analysis Zilliqa is steadily gaining momentum after the news that the project is getting ready to enable smart contracts on June 10. The project has also reported that the Ledger support for native ZIL tokens is underway, which also had a positive effect on the price. Zilliqa / USD Medium-term price analysis Zilliqa has a bullish medium-term bias, with the cryptocurrency recovering back above its trend-defining 200-day moving average. The daily time frame is showing that a complex inverted head and shoulders pattern may be forming, following the recent strong advance in the ZIL / USD pair. Technical indicators on the daily time frame are turning higher and show scope for further upside gains. ZIL / USD Daily Chart by TradingView Pattern Watch Traders should note that the October 2018 swing-high may be the upside target of the potential inverted head and shoulders pattern on the daily time frame. Relative Strength Index The Relative Strength indicator is bullish on the daily time frame and is highlighting the growing medium-term strength in the ZIL / USD pair. MACD Indicator The MACD indicator is bullish on the daily time frame, with both the MACD signal line and histogram generating buy signals. Fundamental Analysis Although for the past six months Zilliqa has shown some clear signs of development, its ecosystem remains small. The project needs to start implementing its pilot programs into viable adoption use cases, otherwise it will continue to lag behind large networks. Conclusion Zillaqa has staged an impressive upside recovery, with the cryptocurrency shifting its medium-term trading bias and advancing above its 200-day moving average. If buyers can negate the bearish pattern on the four-hour time frame a much larger bullish pattern will start to form on the daily time frame.
BINANCE:ZILUSDLong
by CryptoBriefingTA