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...
ZKUSDT technical analysis update
ZK's price has broken the W pattern neckline resistance with high volume, showing potential to reach its all-time high (ATH) in a few weeks.
Buy Level: Below $0.14
Stop Loss: $0.114
Regards
hexa
Logarithm. 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...
Hello 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
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
ZK ~ 4H
#ZK Successfully penetrated this resistance line, which has been holding back the price of $ZKUSD.
Bulls are in control for now. Target at least 10%+ for the short term.
ZK/USDT is currently exhibiting strong bullish momentum. I am expecting a significant bullish move in the short term. Please note that this is not financial advice—do your own research.
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
(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 –...
