#ZEUS/USDT#ZEUS
The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest.
We are seeing a bounce from the lower boundary of the descending channel, which is support at 0.1960.
We have a downtrend on the RSI indicator that is about to be broken and retested, supporting the upward trend.
We are looking for stability above the 100 Moving Average.
Entry price: 0.2186
First target: 0.2344
Second target: 0.2583
Third target: 0.2846
ZEUSUSDT
What goals for ZEUS?Hi everyone, let's look at the 1D ZEUS to USDT chart, as we can see the price is moving in a local uptrend channel, where there is still potential for growth. However, here it is worth looking at the RSI indicator, which clearly indicates the crossing of the upper limit and the level at which the price usually reacted with a correction, which may indicate a potential change in the direction of the movement.
In such a situation, it is worth starting by setting a stop-loss in case the market decides to go into a downtrend:
SL1 = 0.904 USD
SL2 = 0.839 USD
SL3 = 0.733 USD
SL4 = 0.661 USD
SL5 = 0.571 USD
However, if the market decides to go further up in such a situation, we have clear goals for the near future, which the price must face:
T1 = 1.016 USD
T2 = 1.141 USD
T3 = 1.274 USD
T4 = 1.499 USD