The key is whether it can find support near 44.46 and rise

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(ZECUSDT 1M chart)

It appears to have broken away from the long-term downtrend line (1).

However, to initiate an uptrend, the price must remain above the M-Signal indicator on the 1M chart.

The key is whether the price can rise above 56.29 and hold its value.

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(1D chart)

The key is whether the price can find support around 44.46 and rise above 49.89-56.29.

To achieve this, we need to see whether the price remains above the M-Signal indicator on the 1M chart after the volatility period around September 1st.

If it fails and falls, we need to check for support near the first and second levels above:
1st: 37.69
2nd: 31.08-33.69

- Thank you for reading.
We wish you successful trading.

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- This is an explanation of the big picture.

(3-Year Bull Market, 1-Year Bear Market Pattern)

3-year bull market, 1-year bear market pattern

I will explain more in detail when the bear market begins.

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Publikasi terkait

Important range: 115854.56-119177.56

oleh readCrypto