ZRO/USDT — Daily Breakout from Downtrend + Golden Fib Zone!Pattern & Structure
Medium-term trend: Clear downtrend since late last year (yellow diagonal line) with multiple touch points, making it a valid resistance line.
Breakout: Daily candle has closed above the downtrend line and above the yellow box (previous resistance zone). This is an early signal that medium-term selling pressure is weakening.
Golden Fibonacci zone: The yellow box marks the 0.5 = 2.128 and 0.618 = 2.015 retracement levels. This area acted as a supply/resistance and now becomes a potential retest zone (resistance turning into support).
Key horizontal levels (dashed lines):
Near-term: 2.564
Mid-term: 2.981, 3.304
Higher targets: 5.071, 5.896 (major resistance near 7.19)
Major structural low: 1.484
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Bullish Scenario (if confirmed)
Main confirmation: Sustained daily close above the trendline + yellow box, ideally followed by upward continuation or a successful retest.
Possible target sequence:
First target: 2.564 → ~+12.8% from 2.273
Mid targets: 2.981 → +31.15%, then 3.304 → +45.36%
If momentum continues, possible extension toward 5.071 / 5.896 (>100% from current price).
Extra bullish sign: A retest of the yellow box (2.015–2.128) holding as support and forming higher lows.
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Bearish Scenario (if failed)
Bearish invalidation trigger: Strong rejection in the breakout zone, followed by daily close back below the 0.5–0.618 range.
Downside risk levels:
Failed retest → drop to 2.128 (−11.4%).
Break below 2.015 → next major support 1.484 (~−34.7% from 2.273).
Losing the trendline + box would likely resume the downtrend.
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Technical Notes
Breakout validation is key — one daily candle above is not enough, look for 1–3 days of follow-through or a clean retest.
Volume confirmation (not shown in this chart) is important; strong volume = stronger breakout.
Clear invalidation level: Below 0.618 (~2.015). Strong invalidation = 1.484.
Always consider overall crypto market sentiment to avoid false breaks.
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> ZRO/USDT — Daily breakout from downtrend. Price broke above trendline and Fibonacci 0.5–0.618 (2.128–2.015). Confirmed retest = bullish; failed retest could send price back to 1.48. Not financial advice.
> Structure: Multi-month downtrend (yellow line) has just been broken. The yellow box = Fibonacci 0.5 (2.128) & 0.618 (2.015) cluster — now a key zone.
Bullish: Confirmed close above trendline + retest → targets at 2.564 (+12.8%), 2.981 (+31.2%), 3.304 (+45.4%).
Bearish: Rejection in this zone → back to 2.128 / 2.015 (−6% / −11%), and if broken → 1.484 (−34.7%).
Watch breakout validation, volume, and manage risk. Not financial advice.
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