#ZK/USDT#ZK
The price is moving in a descending channel on the 1-hour frame and is adhering to it well and is heading to break it upwards strongly and retest it
We have a bounce from the lower limit of the descending channel, this support is at a price of 0.0676
We have a downtrend on the RSI indicator that is about to break and retest, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 0.0729
First target 0.0792
Second target 0.0838
Third target 0.0896
ZKBTC
ZK ANALYSIS (4H)It seems that we have an ABC on the chart, where waves A and B have been completed and a wave C is left.
The target can be the green box.
Closing a daily candle above the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
ZKUSDT Triangle Pattern!ZKUSDT technical analysis update
ZK has formed a triangle pattern, and the price is breaking the triangle resistance on the 4-hour chart. If the 4-hour candle closes above the resistance, we can expect a good upward move in ZK.
Buy zone : Below $0.17
Stop loss : $0.154
Regards
Hexa