ZAP/USD DYOR Big possibility when I look at the monthly/weekly chart,
ZAP is a sleeping giant that has its own way beyond the other cryptos
Plz. DYOR
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Key stats
ZAPUSDZAP is currently bearish. We are currently in a short term symmetrical triangle. I believe this is a great opportunity, however, we need to wait for confirmation to buy.
Steps to take:
1) Buy if daily candle open/closes above blue downtrend line or Engineering Robo gives multiple buy signals (co
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ZAPUSD RetraceFinished the retrace of 75% for the second cycle and building for the third move up.
Also finding bullish divergence on the 1D chart is a key indicator of a reversal.
Expecting this move to make significant traction towards the end of the week, with the potential to approach ATH.
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ZAPLINK CycleSeems like the ZAP cycle is finishing up here.
Reasons to be bullish:
Higher low on the daily timeframe.
Hidden bullish divergence.
Beneath 50d MA.
Consolidating for over twice as long as previous move (38 vs. 14 days).
Reasons to be bearish:
Only 68% retracement from second pump com
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ZAP Breakout ZAP looks to have bottomed, forming the right shoulder for the inverse head and shoulders and then should take off. Volume, RSI, trend all looking strong. Retesting a major horizontal.
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ZAPUSDT : Buy OpportunityTechnical Analysis using Elliott Wave Principle
The price breaks ending diagonal channel of wave (5). If this count is correct, I expect more upside movement since the correction wave A-B-B(blue) is completed.
Wave (5) also landed beautifully at 0.786 fibonacci retracement level.
RSI hourly shows b
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