ZKUSDT-Ascending TriangleAscending Triangle
Entry : CMP
TP : above 0.19
Ascending triangle patterns are bullish, meaning that they indicate that a security's price is likely to climb higher as the pattern completes itself.
ZKUSDT trade ideas
zkSync Pump?You can try going long on zkSync with a tight stop loss; my stop is at $0.1470.
#zk #zksync
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
Trading this range until further notice, stay posted!The new weekly candle opened in the uptrend. I will be trading this range until a break out occurs.
ZKUSDTWe can attempt to short ZKUSDT from specified level as 0.382 , 0.5 FIB level intact , also bearish divergence occur indicate that it moves downward.
SL , TP mention in chart.
ZKUSDT.4HAnalyzing the ZKUSDT chart, I observe several critical elements from a technical standpoint:
Support and Resistance Levels:
Support Levels (S1 and S2): S1 at $0.1365 is crucial as it appears to be the recent low where price rebounded. A breakdown below this could lead to a test of S2 at $0.1256, indicating a more significant bearish sentiment.
Resistance Levels (R1 and R2): R1 at $0.1741 and R2 at $0.1929 are key barriers for bullish momentum. Overcoming R1 could pave the way for a test of R2, indicative of strong buyer presence.
Technical Indicators:
Relative Strength Index (RSI): The RSI at around 53.51 shows a neutral stance, which suggests that there is neither significant buying nor selling pressure at the moment. It provides room for the price to move in either direction.
Moving Average Convergence Divergence (MACD): The MACD line is very close to the signal line but slightly below, indicating a weak bearish momentum. This near-zero histogram suggests a lack of strong directional momentum, supporting the RSI's neutral signal.
Given this setup, my perspective as a trader is to watch for potential entry points near the support levels if signs of stabilization and bullish reversal appear. If the price holds or rebounds off S1, it could offer a strategic long position with an initial target at R1. Conversely, if the price breaks below S1, it might signal a potential short opportunity towards S2, but caution is advised given the close proximity of these levels and the overall neutral momentum indicated by the RSI and MACD.
Traders should remain alert for any sudden shifts in volume or news that might impact market sentiment and adjust their strategies accordingly. Monitoring the interaction between the MACD and signal lines will also be crucial for catching early signs of a momentum shift. As always, setting appropriate stop-loss levels to manage risk effectively is vital.
ZKUSDT.PZKUSDT.P is in bullish trend.
Bearish divergence shown in RSI.
Bearish rising edge reversal pattern also form.
We wait for the third confirmation for breakout of last HL and made first LH.
#ZK/USDT needs to clear the Diagonal Trendline to turn bullish #ZK/USDT needs to clear the Diagonal Trendline to turn bullish in 4-Hour TF!
#ZKsync respecting trendline as a resistance. NYSE:ZK needs to break the trendline. The local resistance level is PWL $0.31255 and the resistance level is PWH $0.1945.
Zk ready for an outbreak (Consolidation - Symetrical Triangle)It surely all matters what bitcoin will be doing at this exact timing. We'll see. I'm bullish on Zk!
Your opinion is valuable for me! Let's get the discussion going.
zkSync Price Collapse or Skyrocket? Discover What’s Next!In the recent trading sessions, OKX:ZKUSDT has exhibited a mix of stability and volatility, with closing prices showing minor fluctuations. The latest closing prices indicate a slight downward trend in the short term.
Exponential Moving Averages (EMAs) provide a clearer picture of this trend. The 9 EMA currently stands at approximately $0.160, showing a slight downward trajectory, while the 20 EMA, slightly higher at around $0.161, also reflects a minor bearish trend. This alignment suggests a potential for continued short-term bearish momentum unless a significant upward movement disrupts this pattern.
The Moving Average Convergence Divergence (MACD) indicator offers further insights into market sentiment. Recent MACD values have been negative but with a gradually diminishing bearish momentum. The MACD histogram values indicate that the bearish momentum is weakening, hinting at a possible consolidation or a trend reversal in the near future.
Relative Strength Index (RSI) values, currently hovering around 46-52, suggest that ZK is in a neutral zone. This neutrality implies that the market is neither overbought nor oversold, providing a balanced perspective on potential price movements.
Key resistance levels to watch include $0.1714, a moderate resistance level that could be tested if bullish momentum gains strength. A break above $0.1735, a stronger resistance level, could signify a more substantial upward movement. The level at $0.1844 is a significant resistance point, and breaching it could indicate a strong bullish trend.
On the downside, $0.1577 is the nearest support level, and a breach of this could lead to further declines. The $0.1518 mark is a critical support level that could act as a strong foundation for potential rebounds. At $0.1333, there is a major support level where significant buying interest might emerge if prices dip this low.
Possible Trade Ideas
For traders considering long positions, monitoring the resistance levels at $0.1714 and $0.1735 is crucial. Entering a long trade near the support level of $0.1577, with a tight stop-loss slightly below this level, could be a prudent strategy. Exiting near the resistance of $0.1714 might offer a good risk-reward ratio.
Conversely, for short trades, the current levels near $0.165 present an opportunity to short if prices fail to breach the $0.1714 resistance convincingly. A stop-loss slightly above $0.1735 could mitigate potential losses. Targeting exits near the $0.1577 or $0.1518 support levels might be advantageous.
The technical indicators for the zkSync price reveal a market in a delicate balance between bearish and bullish forces. While the short-term momentum appears slightly bearish, weakening bearish signals suggest the potential for consolidation or a reversal. Traders should keep a close watch on the identified support and resistance levels to make informed trading decisions.
ZK PriceZK token reflected indecisiveness between the bulls and bears, as the token failed to breach the 50 day EMA mark and faced rejection.
Zk Discounts in the market give the best price, the fall after MTgox provoked panic in the market, I also adhere to the plan that on the 15th will accept #ETF #ETH and this is all against the background of the removal of relail traders from the market, it's time to turn the rate up as many have already capitulated and liquidated!
ZK/USDTThis layer-2 project passed airdrop phase recently!
I think buying at those 2 levels is good idea !
Dont forget DCA!
Follow for more!
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.
LONG #ZKUSDT from $0.1857LONG #ZKUSDT from $0.1857 stop loss $0.1837
1h TF. The ZK asset has formed a triangle pattern and over the past few days, buyer activity has increased with periodic volume appearances. An additional factor for the movement is the resistance level of several approaches, behind which there is a pool of liquidity. Before entering, I expect accumulation and long movement to the upper resistance levels with the support of buyers' volumes in the order book.
ZKZK coin on the 4-hour timeframe shows a strong breakout. Maintaining this breakout targets the levels specified on the chart.
#ZK/USDT is forming the falling wedge pattern in 4-Hour TF!#ZK/USDT is forming the falling wedge pattern in 4-Hour TF!
#ZKsync is holding a local support level of $0.158. NYSE:ZK needs to break the pattern. Wait for Breakout to open a long position and add some in a spot.
zkSync(ZK) will Drop at least -10%The airdrop of the zkSync(ZK) project was done less than 3 days ago.
The ZK token, which was recently airdropped by zkSync, saw a massive sell-off. Almost half of the original recipients sold their entire token allocation, causing the price of this token to fall by more than -30% within a day. Despite complaints about unfair distribution, data shows that almost half a million wallets have received their share of tokens.
What is zkSync(ZK)!?
zkSync Era 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.
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zkSync(ZK) succeeded in breaking the lower line of the Parallel Channel and Support zone($0.2170_$0.2100).
I expect zkSync(ZK) to drop at least -10% and continue to drop at least until the Support zone($0.1970_$0.1850).
Note: An important point you should always remember is capital management and lack of greed.
zkSync Analyze (ZKUSDT), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
ZK ZK showing sell side momentum. ZK mitigating orderblock (1) to moving downside and creating minor Bos.
So it was bearish. Order block (3) is next sell side order block. If ZK break this order block, ZK moving upside.
Order block (2) is next buyside order block. If this order block was fail, ZK moving downside.
zkMy favorite is the blue line below
But since they are newly emerging, they want to have something to say. So I determined the goals after the resistance of the red box.
