ZROUST trade ideas
ZRO analysis (4H)ZRO has just been listed on exchanges and not much data is available on this token.
We have a long shadow resistance range, 70-100% of this long shadow is considered an important resistance.
We expect the price to be rejected when it hits the red box.
The targets are clear on the chart.
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
ZRO: BearishThe market sentiment for ZRO is currently bearish, with technical indicators suggesting caution due to potential downside risks.
Key Factors Influencing ZRO Price
MACD: The MACD is bearish, with the histogram at -0.014, MACD line at -0.220, and the signal line at -0.206. This indicates strong bearish momentum.
Stochastic Oscillator: With %K at 3.90 and %D at 5.25, the Stochastic Oscillator shows oversold conditions, suggesting a potential short-term rebound.
RSI: The RSI at 26.39 indicates that ZRO is in oversold territory, which could signal a potential reversal or consolidation.
Potential Market Scenarios
Bullish Scenario:
A break above the local resistance at $3.75 could lead to further upward movement, potentially targeting the solid resistance at $4.17. This move would likely confirm bullish momentum and attract more buyers.
Bearish Scenario:
If ZRO fails to break above the local resistance, it could retest the support levels at $3.33 and potentially fall to the solid support level at $3.00. A break below $3.00 could signal further declines, with dynamic support suggesting lower targets.
Conclusion and Market Outlook
ZRO is currently positioned with significant support and resistance levels to watch. The bearish MACD and overall market activity suggest caution, as the potential for further declines exists. Monitoring the key resistance levels and potential support levels is crucial for making informed trading decisions.
#ZRO/USDT#ZRO
The price is moving in a descending channel on the 1-hour frame and we are about to break it
We have a bounce from a major support area in green at 3.80
We have a downtrend on the RSI indicator that has been broken upwards
We have a trend to stabilize above the 100 moving average, which supports the rise
Entry price 3.96
First target 4.16
Second target 4.39
Third target 4.64
#ZRO/UDT#ZRO
Our price is moving downward on a 1-hour frame and is rising from the current levels
We have a bounce from the lower border of the channel from the support area at 4.35
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that is heading up and supporting it
Entry price is 4.40
The first goal is 4.78
Second goal 5.17
Third goal 5.56
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
Hexa
#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