Z for ZETA - Breakout - Reversal
Ascending Triangle, bottomed out and reversal in motion of downtrend breakout.
The chart is pretty self explanatory.
Careful with risk management.
The chart is pretty self explanatory.
Careful with risk management.
Trade active
After the breakout, the price retested the triangle and found support 2 times. Now there is only the major horizontal resistance left to start its move towards the target. Trade closed manually
Zeta keeps on disappointing. I am guessing this is something to do with the unlock schedule of the token vesting. I probably wont be buying anymore vested coins as they tend the get heavy selling pressure as we experienced here with Zeta.
Narrative is good, brand is great, chart looks great, did its retest even after breakout but kept on getting sold. Not a good look.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.