Alikze »» ZRO | Pullback to broken structure
🔍 Technical analysis: Pullback to broken structure
- It has been moving in an ascending channel in the 4H time frame.
- Currently out of the ascending channel. Considering that a corrective form has been formed, any reversal can be faced with selling pressure up to the neckline and supply range.
- Therefore, after the demand in the middle of the short-term descending channel, it can continue the downward trend to the bottom of the descending channel after the pullback to the broken structure.
- The first support area and the 100 Fibo retracement area is 3.47 and after its failure, it can continue until the correction demand area.
💎 Alternative scenario: In addition, if this return so that the neck line can break the supply area and stabilize above it, it can continue its growth up to the previous ceiling and the next supply range.
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ZROUSDT
- It has been moving in an ascending channel in the 4H time frame.
- Currently out of the ascending channel. Considering that a corrective form has been formed, any reversal can be faced with selling pressure up to the neckline and supply range.
- Therefore, after the demand in the middle of the short-term descending channel, it can continue the downward trend to the bottom of the descending channel after the pullback to the broken structure.
- The first support area and the 100 Fibo retracement area is 3.47 and after its failure, it can continue until the correction demand area.
💎 Alternative scenario: In addition, if this return so that the neck line can break the supply area and stabilize above it, it can continue its growth up to the previous ceiling and the next supply range.
»»»«««»»»«««»»»«««
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support.
Best Regards,❤️
Alikze.
»»»«««»»»«««»»»«««
ZROUSDT Note
According to the behavioral scenario, selling pressure was encountered in the middle of the channel, after which it has already touched the bottom of the descending channel by more than 11%. Note
According to the behavioral scenario, it corrected until the buyer's area and then it has met the demand, which has grown by more than 20% so far. In case of support in the $3.5 range, it will have the ability to grow up to the 3.90 targets and the supply range. 
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