Zignaly: Basic Technical AnalysisIn January 2024 ZIGUSDT turns bullish and starts to move within a rising channel, higher highs and higher lows.
In March 2025 this channel's lower boundary breaks for the first time and ZIGUSDT moves lower.
This week, ZIGUSDT moves "back into the rising channel." When this happens, from a technical analysis perspective, we can expect the action to continue as before the breakdown. So we can expect a higher high next compared to early December 2024.
The break of support between March and May this year can be considered a shakeout or stop-loss hunt event.
Currently, Zignaly has been green five consecutive weeks. This is the first time this happens and is happening with low volume. A recovery above support on low volume means that there is no sellers pressure. No sellers pressure lend additional strength to the assumption that ZIGUSDT can continue to grow in the coming weeks and months.
Of course, if the action were to move back below the blue trendline these signals would be invalidated. As long as the action is happening above, we can expect the continuation of the initial bullish trend.
Namaste.
