- The price is now failing to maintain above the short-term moving average, hinting at weak bullish follow-through.
- ZLN2025 is showing signs of exhaustion after an uptrend, with bearish pressure increasing. If bulls fail to reclaim $49.00, the next leg could favor a continuation downward toward $46 and lower.
- Price broke below the short-term moving average (20 EMA) and is now testing it as resistance.
- This type of retest often precedes continuation of the down move.
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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.