ZECUSDT (ZEC), is a privacy-focused digital currency
The price is currently testing the 0.618 Fibonacci level, which is a commonly used technical analysis tool in the financial markets. The Fibonacci levels are calculated based on the ratios derived from the Fibonacci sequence and are often used to identify potential support and resistance levels.
Local support refers to a specific price level that has previously acted as a floor for the price, preventing it from declining further. In this case, the 0.618 Fibonacci level is being used as a measure of local support for the ZECUSDT pair. If the price remains above this level, it could be seen as a sign of bullish market sentiment and a potential buying opportunity.
The price is currently creating a bull flag pattern, which is characterized by a period of consolidation or a slight pullback after a strong uptrend, forming a flag-like shape on the price chart.
Traders and investors may look for a potential breakout above the local resistance at the 45$ area, which could signal a continuation of the uptrend and offer new buying opportunities. According to Plancton's rules, a successful breakout from the bull flag could be a suitable time to consider opening a new long position in the ZECUSDT market.
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Follow the Shrimp 🦐
Keep in mind.
The price is currently testing the 0.618 Fibonacci level, which is a commonly used technical analysis tool in the financial markets. The Fibonacci levels are calculated based on the ratios derived from the Fibonacci sequence and are often used to identify potential support and resistance levels.
Local support refers to a specific price level that has previously acted as a floor for the price, preventing it from declining further. In this case, the 0.618 Fibonacci level is being used as a measure of local support for the ZECUSDT pair. If the price remains above this level, it could be seen as a sign of bullish market sentiment and a potential buying opportunity.
The price is currently creating a bull flag pattern, which is characterized by a period of consolidation or a slight pullback after a strong uptrend, forming a flag-like shape on the price chart.
Traders and investors may look for a potential breakout above the local resistance at the 45$ area, which could signal a continuation of the uptrend and offer new buying opportunities. According to Plancton's rules, a successful breakout from the bull flag could be a suitable time to consider opening a new long position in the ZECUSDT market.
–––––
Follow the Shrimp 🦐
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
- ⚫️ Black structure -> <= 1h structure.
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Anmerkung
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.