ZETAUSD
Unlocking the Comedy: When Token Vesting Turns into a Token DumpThis particular COINBASE:ZETAUSD COINBASE:ZETAUSD project has a 13% unlock of the circulating supply , which, while not as extreme as BINANCE:TIAUSDT 's 80% set to release in under 48 hours, still presents a solid opportunity for profit. I speculate and anticipate a 15% price drop within four days following the unlock , as those receiving the tokens are likely to sell off a great portion to unsuspecting investors.
When researching the founders, it’s evident they are trying to maintain a low profile , which is often a red flag for projects lacking substance. The founders, Charlie Pyle and Ankur Nandwani, have not made significant contributions relative to the enormous funds they are collecting through this questionable venture. Notably, they recently left or were fired from prominent projects, likely seeing an opportunity to cash in by launching yet another crypto project amidst the sea of existing ones . They seem to be targeting decentralization believers and hopefuls who dream of striking it rich early on, only to find themselves investing in yet another lackluster scheme. Many of these investors are eager to believe in the potential of new projects, but when you look behind the scenes, it’s often just another facade run by self-proclaimed academic philosophers with little to offer .
The upcoming cliff unlock primarily benefits core contributors and advisors, who will receive 11% of the circulating supply monthly from August 1, 2024, to February 1, 2025.
In the chart, you’ll notice some fake pumps highlighted in the green circle I drew. However, the overall trend for this project is clearly downward . The three yellow circles with purple centers indicate the days of each cliff unlock, and it’s evident that selling pressure increases in the days that follow. Keep an eye on these patterns as they reveal the true nature of the market!
ZETAUSDT Double Bottom PatternZETAUSDT technical analysis update
The ZETA price has formed a double bottom pattern and is now moving toward the neckline resistance line for a potential breakout. You can consider taking a trade once the breakout is confirmed on the daily chart.
Target: $1.75
Regards
Hexa
ZetaChain ZETA price is trading on good volumes. Attention!OKX:ZETAUSDT price has hit the critical liquidity zone of $0.70-0.80 on high volumes
Those who are interested in such an asset as #ZETA should now closely monitor the price's behavior.
A fix above $0.80 is a direct and fairly quick way to $1.25
Active sales in the $0.70-0.80 zone can provoke a drop to $0.46-0.47 and just from there to $1.25
ZETA Update (4H)From where we put the red arrow on the chart, it looks like a correction pattern has started.
It looks like this is a diametric pattern that has now run out of wave C.
It can be expected that for wave D the price will reject upwards.
The targets are clear on the chart. Closing a candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
ZETA ANALYSIS (4H)It looks like ZETA is having a big diametric now in wave C of this diametric.
Wave C also looks like a diamond diametric.
ZETA now looks set to complete wave d of C.
We are looking for buy/long positions on the upper green range and sell/short positions on the red range.
In any direction you entered the position, control your expectations and close the position with a reasonable profit.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
ZETA ANALYSIS (4H)It seems that a trading RANGE has been formed on the chart.
Considering the lower H's and lower L's and the formed liquidity pools, it seems that the price is going to reach the lower areas.
If you are risk averse, just wait to buy in the green range, there seems to be good buy orders in the green range.
Closing a daily candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
ZETA looks bearishContrary to the pump it has done, it seems that zeta can move towards the lower limits.
By maintaining the red range, it can drop further down. We are looking for sell/short positions in the red range.
The targets are clear on the chart.
Closing a daily candle above the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
ZetaChain (ZETA)ZetaChain (ZETA) is a cutting-edge blockchain platform designed to enable seamless interoperability across multiple blockchains. It facilitates the cross-chain transfer of assets and data, making it easier for users and developers to interact across different blockchain networks without the need for complex bridging solutions. This opens up a multitude of possibilities for integrating decentralized applications and services.
The current price of ZetaChain (ZETA) is $1.55 with a 24-hour trading volume of $1 million. ZETA has seen an increase of 13% in the last 24 hours, signaling strong market enthusiasm for its interoperability solutions.
Considering ZetaChain's role in enhancing blockchain connectivity and its recent positive market trends, the next price targets for ZETA might be set at $2.25, $2.50, and $4.00. Investors could consider entering a position now. This trading idea capitalizes on the growing trend towards blockchain interoperability, with ZetaChain positioned as a key enabler in this evolving landscape.
Long ZetaI'm going long zeta here. Zeta has reached good support, it is in this bullish triangle, and the RSI is nearing oversold territory. But, I am placing tight stops on this trade due to the conglomeration of my other indicators all still signalling "SELL". I am taking a bet that they will all soon flip. Zeta is an awesome L1 crosschain solution. It's only a matter of time before the collective catches on and start adopting, developing, and building on this chain.
ZETA looks bullishZETA appears to be forming an ABC or more complex bullish pattern.
We now seem to be in wave B, which is a diametric.
The green area is a low-risk area for buy/long positions.
The targets are clear on the chart.
Closing a daily candle below the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You