ZKUSDT Bullish Cup and handle PatternZKUSDT technical analysis update
ZKUSDT price has formed a cup and handle pattern on the 4H chart and is currently forming the handle. Once the price breaks the cup and handle neckline, we can expect a strong bullish move.
Buy Level: after breakout confirmation 4H chart, above $0.155
Stop Loss: $0.140
Regards
Hexa
ZKUSD
ZKsync ZK price will surprise ?If someone trying to see the Head and Shoulders on the OKX:ZKUSDT chart and tries to short this asset, they will most likely be “punished”
1️⃣ Well, first of all, the "H&S" is a figure of a global trend reversal, not a local one.
2️⃣ And secondly, in our opinion, #ZK is holding quite well and the chance to see $0.14, and if you're lucky, $0.16, is much higher than fall to a new low.
DYOR
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zkSync Fresh L2 coin for ETH. 458 million $ investment by fundsLogarithm. Time frame 1 day. Since the coin is fresh (people sell freebies), and it was recently listed, if the market will be dominated by a downtrend until October, a downtrend channel will be formed in case of a break of the key support.
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Most importantly:
1️⃣ There was aerdrop manipulation , the community got a very small % of the promised coins, which is in the hands of developers and crypto funds (after shaking out now, there will be full control over the price).
2️⃣ It is worth noting that crypto funds “invested” (with speculative interest) 458 million dollars in the asset. Which is an absolute record.
The first and second are extremely positive for the maximum prices of the asset in the cycle in the future. Consequently, the asset is interesting for investment and position trading, and it does not matter what will happen now locally for a couple of months. Work from the average buy/sell price.
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The chart shows the key resistance levels for the first significant pumping after the trend break, as well as the maximum distribution zone targets of this cycle.
The price potential will be “unlocked” similarly naturally not now, but when the solution will be implemented, there will be media PR, smart money will partially “exit” from the asset. The potential is naturally great, it is shown, who is attentive.
Let me remind you, L2 is a solution for scaling the ETH network. When this is implemented and PR'd and ETH is in its first distribution zone, then pump in similar small capitalization assets.
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Work from the average price of purchases , so in the future sales and no minimums and maximums (even if you are sure that you know and understand how “exactly” it will be, I note that most people who do everything by reverse think so), as this is the fate of true hamsters. At the same time, you need to understand the zones where it is cheap and where it is expensive, and what the general trend in the market is developing.
⏰ Profit from the local game (not necessarily to work this way) is not big (you “spin the volume” part of the allocated money to a certain zone of the asset - work). But, such local work gives you to overcome fear, because you always have money to increase coins.
⚠️ Do not abuse stop loss , where it is not necessary, because everything will be taken away on the “flat place”.
⚠️ Prefer spot trading , which forgives elementary mistakes, if you are not a very good trader. With margin and futures, your risk must be justified. If you are a ludomaniac (most sick people won't admit it, maybe you are one/one of them) then leave this high risk trading.
🐹 Psychology . If, you feel that you, like everyone else, will do, when not necessary under psychological pressure and news some not logical bullshit, it is better not to trade at all, and invest. “Hold” coins for a couple months, dividing the amount of the entry into 2-3 parts. When the market is distributed, you will sell with a big profit. Maximum targets (not necessarily, as depends on a lot of factors), is the zone 0,6 - 1 dollar.
Great Entry Point for zkSyncHello everyone, a good entry point has formed for zkSync. Bitcoin has almost broken $70,000, and you can try going long with a potential rise to the $5-$18 range.
Overall, if Bitcoin continues its rise to $70k-$100k, all cryptocurrencies will follow, with some showing stronger growth and others weaker. May the force be with us.
#zkSync #ethereum #zk
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
zkSync Entry price: $0.1744(ZK/USDT) (June 30, 2024) (#zkSync #Spot)
Layer Zero has started to grow, and ZK is also showing growth. This formation resembles what happened with Notcoin.
zkSync (ZK) — zkSync is a Layer-2 protocol that scales Ethereum with cutting-edge ZK tech. Our mission is not only to merely increase Ethereum's throughput, but to fully preserve its foundational values – freedom, self-sovereignty, decentralization – at scale.
🕵️ Investors (Tier 1,2):
Union Square Ventures, a16z, 1kx, Variant Fund, Blockchain Capital, Lightspeed Venture Partners, Dragonfly Capital, Coinbase Ventures, Ethereum Foundation.
dropstab.com
cryptorank.io
🟢 Entry price: $0.1744
🟢 Take Profit: $0.4700
🔴 Stop Loss: $0.1479
• Spot Market without leverage.
• Trade risk set at 50% of the deposit.