ZROUSDT trade ideas
ZROUSDt Bullish Traingle!ZROUSDT technical analysis update
ZRO price broke the triangle resistance line on the 4H chart with high volume. We can expect a bullish move from the current level.
Buy zone : Below $4.45
Stop loss : $4.00
Take Profit 1: $4.80
Take Profit 2: $5.45
Take Profit 3: $6.65
regards
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#ZRO/USDT#ZRO
We have a downtrend pattern on a 1-hour frame, the price is moving within it and adhering to its boundaries well
We have a support area in green at a price of 3.70 after the price touched it and rebounded from it
We have a trend to stabilize above the 100 moving average
We have a downtrend on the RSI indicator that supports the price upwards
Entry price 3.80
First target 4.013
Second target 4.17
Third target 4.37
#ZRO/USDT#ZRO
The price of our downward channel is moving on a 1-hour frame and is about to break through to the upside in 3 stages
We have a bounce from the lower border of the channel from the green support area at 3.55
We have a tendency to stabilize above the Moving Average 100
We have an uptrend on the RSI indicator that is heading up
Entry price 3.63
First goal 4.14
Second goal 4.37
Third goal 4.65
#ZRO/USDT#ZRO
The price is moving within a bearish channel pattern on the 4-hour frame, which is a strong retracement pattern
We have a bounce from a major support area in green at 3.67
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that supports the rise and gives greater momentum, upon which the price is based higher at the discount
Entry price is 3.75
The first goal is 4.25
Second goal 4.57
Third goal 4.91
LayerZero ZRO price hold well#ZROUSDT price has held up quite well compared to other altcoins, despite yesterday's and today's drop in the crypto market.
We can assume that the #ZRO price will be well maintained, and maybe even pushed up, at least until 11.07, because it is until this date that the trading promo campaign is valid
You can try trading from level to level, as shown on the chart
ZROUSDT - Struggling to break the High (SHORT)ZRO recently surged to a swing high and is currently battling at that price area. Let's dive into the latest price action and explore a potential short trade setup with a great risk-to-reward
Recent Price Action: Surge to Swing High
Swing High: ZRO surged to the recent swing high, encountering resistance at this key price area.
Battle at Swing High: The price is currently struggling to break above this resistance, suggesting a potential retracement.
Short Trade Setup: Targeting the Fib 0.382 Level
1.) Short Trade Setup:
Entry Point: Consider entering a short trade from the previous swing high.
Target Profit (TP): The TP for this short trade is the Fibonacci 0.382 level of the entire wave structure, around $3.80.
Support and Confluence:
Old Order Block: The Fib 0.382 level also coincides with an old Order Block, providing an additional layer of support.
Anchored VWAP: Taking the Anchored VWAP from the low, we see clear confluence at the exact 0.382 Fib level, reinforcing this area as a strong support zone.
Key Levels and Indicators
Resistance at Swing High: Watch for continued resistance at the swing high, which supports the short trade setup.
Fib 0.382 Level: Monitor the price action as it approaches the $3.80 level, where we expect to see support from the Fib level and the old Order Block.
Volume Trends: Decreasing volume near the swing high can further confirm the potential for a retracement.
Strategy: Executing the Short Trade
Executing the Short: Enter the short trade at the swing high or at Fibonacci 0.618 (around $4.3), targeting the Fib 0.382 level around $3.80.
Monitoring Price Action: Keep an eye on volume and price action for any signs of bullish reversal as the price approaches the support level.
Our short trade setup targeting the Fib 0.382 level around $3.80, which aligns with the Anchored VWAP and an old Order Block, offers a strategic opportunity with a great R:R.
What are your thoughts on this analysis?
#ZRO/USDT#ZRO
The price is moving in a downward channel and has penetrated it and is returning from it strongly
.
We have a bounce from the green support area at 2.80
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that is about to break higher and supports the rise
Entry price is 3.25
The first goal is 3.60
The second goal is 3.90
Third goal 4.20
LayerZero(ZRO) RoadmapLayerZero(ZRO) is trying to break the Resistance line .
According to Elliott's wave theory , LayerZero(ZRO) seems to be completing the main wave 5 .
By comparing the LayerZero(ZRO) chart with BINANCE:NOTUSDT , we can understand that we have to wait for LayerZero(ZRO)'s corrections .👇Do you agree with me!?
I expect LayerZero(ZRO) to fall again from the Potential Reversal Zone(PRZ) after the +20% rally.
Note: An important point you should always remember is capital management and lack of greed.
LayerZero Analyze (ZROUSDT), 1-hour 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.
#ZRO/USDT#ZRO
The price is moving within a descending channel pattern on the 4-hour frame, which is a retracement pattern
We have a bounce from a major support area in the color EUR at 2.55
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that supports the rise and gives greater momentum and the price is based on it
Entry price is 2.60
The first goal is 2.84
Second goal 3.03
Third goal 3.31
ZRO Weekly Analysis ZRO has been the biggest loser of the week, experiencing a 35% correction following its listing on various tier 1 centralized exchanges. Due to the lack of sufficient price action, the charts are mostly empty. However, analysis of the 1-hour chart reveals the formation of a falling wedge pattern, which often precedes a bullish breakout.
Given the coin's newness, there is insufficient data to analyze traditional indicators comprehensively. If you are a high-risk taker, you might consider investing in Zero Layer, but ensure you employ proper risk management strategies.