### **Trading Setup for ZetaChain (ZETA/USDT) on Gate.io (30-Min Chart)**
#### **Chart Analysis:**
- The chart follows **Elliott Wave Theory**, displaying a **five-wave impulse pattern**.
- The price action suggests a bullish trend with clear **Wave 1, Wave 2, Wave 3, Wave 4, and a potential Wave 5** in progress.
- The **substructure of Wave 3** is also labeled, indicating smaller impulsive moves within the larger wave.
- The volume bars at the bottom show **increased buying activity**, supporting the uptrend.
#### **Current Market Conditions:**
- **Price:** **$0.4021** (-3.11%)
- **High:** **$0.4176**
- **Low:** **$0.3866**
- **Volume:** **2.31M**
#### **Trading Strategy:**
1. **Entry Zone:**
- **Wave 4 pullback** is an ideal **buying opportunity** before Wave 5 continuation.
- Potential **support levels** around **$0.38 - $0.40**.
2. **Target Zones:**
- **Wave 5 target:** $0.60 - $0.70 (based on previous wave extensions).
- **Long-term:** If the pattern holds, price could extend beyond **$0.85+**.
3. **Stop Loss:**
- Below **Wave 4 low** (around $0.36-$0.38) to minimize risk.
4. **Confirmation:**
- If price breaks above **Wave 3 high (~$0.42-$0.43)** with volume, it may confirm **Wave 5 continuation**.
#### **Risk Management:**
- **Risk-to-Reward Ratio:** Aim for **1:3 or higher**.
- Monitor **volume spikes** and **market conditions** for validation.
#### **Conclusion:**
- This setup suggests **bullish momentum**, aligning with Elliott Wave structure.
- If Wave 4 holds support and **Wave 5 plays out**, it presents a **good risk-reward trade**.
- Traders should **watch for confirmation** and **adjust stop-loss accordingly**.
#### **Chart Analysis:**
- The chart follows **Elliott Wave Theory**, displaying a **five-wave impulse pattern**.
- The price action suggests a bullish trend with clear **Wave 1, Wave 2, Wave 3, Wave 4, and a potential Wave 5** in progress.
- The **substructure of Wave 3** is also labeled, indicating smaller impulsive moves within the larger wave.
- The volume bars at the bottom show **increased buying activity**, supporting the uptrend.
#### **Current Market Conditions:**
- **Price:** **$0.4021** (-3.11%)
- **High:** **$0.4176**
- **Low:** **$0.3866**
- **Volume:** **2.31M**
#### **Trading Strategy:**
1. **Entry Zone:**
- **Wave 4 pullback** is an ideal **buying opportunity** before Wave 5 continuation.
- Potential **support levels** around **$0.38 - $0.40**.
2. **Target Zones:**
- **Wave 5 target:** $0.60 - $0.70 (based on previous wave extensions).
- **Long-term:** If the pattern holds, price could extend beyond **$0.85+**.
3. **Stop Loss:**
- Below **Wave 4 low** (around $0.36-$0.38) to minimize risk.
4. **Confirmation:**
- If price breaks above **Wave 3 high (~$0.42-$0.43)** with volume, it may confirm **Wave 5 continuation**.
#### **Risk Management:**
- **Risk-to-Reward Ratio:** Aim for **1:3 or higher**.
- Monitor **volume spikes** and **market conditions** for validation.
#### **Conclusion:**
- This setup suggests **bullish momentum**, aligning with Elliott Wave structure.
- If Wave 4 holds support and **Wave 5 plays out**, it presents a **good risk-reward trade**.
- Traders should **watch for confirmation** and **adjust stop-loss accordingly**.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.