ZeroSwap (ZEE) - Bullish divergence

** Risky - low market cap <$30m **

Happy with the risk? Then read on..

On the above 1-day chart price action has corrected a massive 95% since early April. Currently 85%. A number of reasons now exist to be bullish.

1) Double ‘incredible buy’ signals.

2) Higher lows higher highs in price action. With ‘buy’ signals on small market cap tokens I’m extra cautious to look for a trend change! We have it.

3) Regular bullish divergence. Price action is printing bullish divergence with the oscillators. 7 of them. Look left.. (purple circles).

4) Volume. I’ve no idea what or why volume is pouring into this token, but clearly a considerable accumulation is occurring. Follow the money.

5) On the weekly chart (bottom) price action prints indecision on top of past resistance. Excellent.

Latterly on the 1-day chart ZEE/Bitcoin pair (below)

1) Price action prints a ‘incredible buy’ signal.

2) A consolidation period follows.

3) Price action prints a impressive bullish engulfing candle on top of past resistance.

Is it possible price action falls further? Sure.

Is it probable? Unlikely.

Good luck!

WW

1-day ZEE/BTC chart

Weekly chart indecision:

Trade active:

Price action confirms past resistance as support.

Trade active:

The BTC pair for this idea print multiple oscillators in bullish divergence with price action - Look left!