#ZEUS/USDT#ZEUS
The price is moving in a descending channel on the 4-hour frame and is sticking to it well
We have a bounce from the lower limit of the descending channel and we are now touching this support at 0.2150
We have an upward trend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 0.2270
First target 0.2440
Second target 0.2596
Third target 0.2748
Zeusdt
ZEUS Technical Analysis in an 8-hour TimeframeHello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:
ZEUS is one of the underrated projects that has been quietly gaining momentum. In July 2024, ZEUS hit its all-time low of $0.1378, followed by a 150% rally.
Currently, ZEUS is trending within a symmetrical triangle, and it will be interesting to see if a rally breaks above the resistance trendline. Conversely, a rejection could likely push the price down to the support trendline near $0.162 (A decent accumulation range).
Key levels:
- Primary Resistance: $0.21.
- Primary Support: 50 EMA.
- Initial Target: $0.34.
- Lower Support: $0.162.
DYOR, NFA.
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#ZEUS/USDT#ZEUS
The price is moving in a bearish channel on a 4-hour frame and is holding it strongly and is about to break it upward
We have a bounce from the green support area at 0.2100
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that is about to break higher and supports the rise
Entry price is 0.2200
The first target is 0.2900
The second target is 0.3312
The third goal is 0.3845