- ZIL claims that it is the world’s first public blockchain which rely entirely on a sharded network and it seeks to become blockchain of large scale enterprises, gaming, etc
- Uniqueness about ZIL is that it has a fixed maximum supply of 21 billion tokens and was made available for sale as an ERC-20 token.
- RSI for ZIL (for today) shows the BUY action.
The token has been forming the pattern of bullish engulfing. ZIL rose by 0.40% on Friday. Following a 1.45% gain from Thursday, ZIL ended the day at 0.09095. The last known price of this coin is 0.094. A mixed start for the day saw ZIL rise to an early morning intraday high of $0.0954 and marked the high for July and till August. The token retraced from its 50 days moving average at $0.7867.
ZIL broke through the first resistance level at $0.094040 and the second resistance level is just ahead at $0.094330. ZIL candles have touched the trend lines and might show a reversal or sideways running now.
ZIL seems to have trailed close to 50 DMA, and gained support on 1 August. The 24 hours high and low of the token is 0.09543 and 0.08362 respectively.
One year change of ZIL has been upto 363.9%
It has the current trading volume(s) of 141,030,680 with a gain of 24.871% over the last 24 hours. ZIL has addresses of 14,109 holders with the active transfer(s) of 258,077 in the last 24 hours. The circulating supply of tokens is 11,575,623,739 ZIL coins and a max. supply of 21,000,000,000 ZIL coins. The total supply (The amount of coins that have been already created, minus any coins that have been burned. It is analogous to the outstanding shares in the stock market.) is 14,867,090,892
SMA-20, SMA-50 and SMA-200
The chart above shows the movement of ZIL where 200 DMA has been running below SMA-20 and SMA-50. SMA-50 is running below SMA-20. It is SMA-20 which is above SMA-50 and SMA-200. We see the token with respect to SMA’s which are 20, 50 and 200. SMA-50 support to SMA-20 results in a hike in profits to its holders.
The token has generated returns of 20% on an average starting from 21 July 2021.
Those who bought the token at 0.0535, acquired returns of a maximum of 40%.
The pattern formed on a 4 hours period chart is upwards and the trend line marked shows this upwards shifting.
BUY or SELL?
An RSI oscillator is also present in the chart which shows the proper time to buy or sell the token. RSI for the last 5 hours shows the value of 76.269 and marks the overbought action. All the MA’s show buy action, MA-5, MA-10, MA-20. Even MA-100 and MA-200 show the same buy action.
The bull/bear power has the value of 0.0043 and shows the buy action. The high/low marks the buy action with the value of 0.0025
The ZIL-BTC pair is trailing at the level of 0.000002152 and the gain of 2.64% was seen whereas the ZIL-ETH pair is at 0.00003158 and the high of 4.15% was seen in the last 24 hours. The volume/market cap of the token is 0.129 and its market dominance is 0.06%.
What does FIB suggest?
The coin is moving beyond the golden ratio and is making a great hike in price. The token remained at 0.618 after gaining support from SMA-50.
31 July the token crossed FIB 0.618 and to date it has been continuing. Hike is so high that the coin has touched FIB 1 in today’s intraday session.
Well, the token is all set to sell by their holders as the returns at present are very high.
Conclusion: ZIL has been making a parabolic path since 5 August and this parabola can be broken anytime to form another pattern. Since the token is above all the three SMA’s and also above FIB 0.618, you can sell it and buy again after a dip.
The coin might go up a little more or might not go also, waiting for such conditions might be risky. FIB 1 is touched by the candles now.
The days range for the coin is 0.083750 – 0.095410. The ZIL ATH is 0.2563 and ATL is 0.002477.
ZIL ROI (approximate return on investment if purchased at the time of launch) is 2376.96%.
Technical Instruments:
Pivot: 0.093570
R-1 : 0.094040
R-2 : 0.094330
S-1 : 0.093100
S-2 : 0.092810
FIB 0.618: 0.07800
FIB 1 : 0.09570
Note:
- The unit is USD
- SMA-20: Green colour
- SMA-50: Red colour
- SMA-200: Blue colour