#ZETA
The price is moving in a descending channel on the 1-hour timeframe. It has reached the lower boundary and is heading towards breaking above it, with a retest of the upper boundary expected.
We have a downtrend on the RSI indicator, which has reached near the lower boundary, and an upward rebound is expected.
There is a key support zone in green at 0.06230. The price has bounced from this level multiple times and is expected to bounce again.
We have a trend towards consolidation above the 100-period moving average, as we are moving close to it, which supports the upward movement.
Entry price: 0.06624
First target: 0.06737
Second target: 0.06886
Third target: 0.07123
Don't forget a simple principle: money management.
Place your stop-loss order below the support zone in green.
For any questions, please leave a comment.
Thank you.
Trade attivo
#ZETA
First target: 0.06737 Reached
Second target: 0.06886 Reached
Trade chiuso: obiettivo raggiunto
#ZETA
First target: 0.06737 Reached
Second target: 0.06886 Reached
Third target: 0.07123 Reached
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Join Telegram Channel Signals Futures and Spot
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.