ZIP OpportunityThis is my assessment of ZIP and has been for a few years without major adjustment. It's always behaved really nice for me, provided we are potentially in a tech sell off with the likes of A2M, APT, APX etc.
I trade the graph in front of me though not the news. So if Zip breaks the current downtrend and holds on a few days I'm in with a tight stop loss and target profit of around 100% or so again.
Moving my stop loss to at least breakeven if there is a nice push up as I wouldn't be surprised if the red downtrend channel is respected given all the attention on crypto and selling off in tech stocks.
Don't be surprised if $4 is likely because at this stage both $24 and $4 are just as likely. That's why we trade our analysis and constantly assess our position for how healthy it is.
Fundamentals still look good with increase in growth and revenue still on the horizon with recent expansions.
Let's see where this one go's!
And as always do your own research if you want to sleep easy at night.
Zipmoney
🔥 Z1P - Completing the RIGHT SHOULDER 🔥Afternoon All
After updating our previous chart on Z1P this is what we’re looking at right now:
- We’re currently at this key level of liquidity, we we’re seeing a lot of sell pressure mounting around that $8 level.
- This lines up PERFECTLY with our 50 Fibonacci level & somewhat completes the right shoulder of this huge formation
- If we’re to see this play out Z1P will be bearish from this level (thereabouts) and start moving back towards the 5.50 Demand Level, we spoke about in our previous Trading View Idea that I have linked.
- Our indicators are as follows:
o CCI is forming a bearish divergence
o RSI is forming the same
o Steamroller is looking like its firming entering Overbought and we’re looking like we’re well and truly stretched.
Looking forward to Z1P quite possibly completing this formation.
Z1P - The Final STAND- A move the next Demand Zone is on the cards, most of the indicators are pointing in this direction - Notably our home grown Indicator Steamroller
- After this a move to the 50 Fibs - Which lines up with liquidity on the left as shown by the white line
- This would complete a H&S scenario and could see us close the GAP and move to around that lower Demand Zone.
Z1P BREAKOUT SUPER SKUXX, why am i shouting?On the 20th of May we saw Z1P getting absolutely munted. Could this happen again? Averages present the fact that we could see a shorting opportunity but within the next month we could see another significant increase.
Just be aware guys that my usrname is losing money for a reason. Don't go by my word at all im literally a noob at trading with zero rep. feedback appreciated.