Long
ZAPUSDT : Buy Opportunity
Technical Analysis using Elliott Wave Principle
The price breaks ending diagonal channel of wave (5). If this count is correct, I expect more upside movement since the correction wave A-B-B(blue) is completed.
Wave (5) also landed beautifully at 0.786 fibonacci retracement level.
RSI hourly shows bullish divergence may confirms trend reversal.
Stop loss at the bottom of wave C.
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The price breaks ending diagonal channel of wave (5). If this count is correct, I expect more upside movement since the correction wave A-B-B(blue) is completed.
Wave (5) also landed beautifully at 0.786 fibonacci retracement level.
RSI hourly shows bullish divergence may confirms trend reversal.
Stop loss at the bottom of wave C.
Please like if you found this helpful.
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