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ZROUSDT

#ZRO/USDT#ZRO The price is moving within a bearish channel pattern on the 4-hour frame, which is a strong retracement pattern We have a bounce from a major support area in green at 3.67 We have a tendency to stabilize above the Moving Average 100 We have a downtrend on the RSI indicator that supports the rise and gives greater momentum, upon which the price is based higher at the discount Entry price is 3.75 The first goal is 4.25 Second goal 4.57 Third goal 4.91
Long
by CryptoAnalystSignal
1
ZROUSDT - Struggling to break the High (SHORT)ZRO recently surged to a swing high and is currently battling at that price area. Let's dive into the latest price action and explore a potential short trade setup with a great risk-to-reward Recent Price Action: Surge to Swing High Swing High: ZRO surged to the recent swing high, encountering resistance at this key price area. Battle at Swing High: The price is currently struggling to break above this resistance, suggesting a potential retracement. Short Trade Setup: Targeting the Fib 0.382 Level 1.) Short Trade Setup: Entry Point: Consider entering a short trade from the previous swing high. Target Profit (TP): The TP for this short trade is the Fibonacci 0.382 level of the entire wave structure, around $3.80. Support and Confluence: Old Order Block: The Fib 0.382 level also coincides with an old Order Block, providing an additional layer of support. Anchored VWAP: Taking the Anchored VWAP from the low, we see clear confluence at the exact 0.382 Fib level, reinforcing this area as a strong support zone. Key Levels and Indicators Resistance at Swing High: Watch for continued resistance at the swing high, which supports the short trade setup. Fib 0.382 Level: Monitor the price action as it approaches the $3.80 level, where we expect to see support from the Fib level and the old Order Block. Volume Trends: Decreasing volume near the swing high can further confirm the potential for a retracement. Strategy: Executing the Short Trade Executing the Short: Enter the short trade at the swing high or at Fibonacci 0.618 (around $4.3), targeting the Fib 0.382 level around $3.80. Monitoring Price Action: Keep an eye on volume and price action for any signs of bullish reversal as the price approaches the support level. Our short trade setup targeting the Fib 0.382 level around $3.80, which aligns with the Anchored VWAP and an old Order Block, offers a strategic opportunity with a great R:R. What are your thoughts on this analysis?
Short
by SiDec
LayerZero(ZRO) RoadmapLayerZero(ZRO) is trying to break the Resistance line . According to Elliott's wave theory , LayerZero(ZRO) seems to be completing the main wave 5 . By comparing the LayerZero(ZRO) chart with BINANCE:NOTUSDT , we can understand that we have to wait for LayerZero(ZRO)'s corrections .👇Do you agree with me!? I expect LayerZero(ZRO) to fall again from the Potential Reversal Zone(PRZ) after the +20% rally. Note: An important point you should always remember is capital management and lack of greed. LayerZero Analyze (ZROUSDT), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
3
ZROTrend Analysis Falling Trend Line: The chart shows a clear falling trend line that the price has been respecting. Recently, the price has attempted to break above this trend line. Support Levels: 2.735 USDT: The nearest support level. 2.691 USDT: Another support level slightly below the first. 2.613 USDT: A more significant support level. Resistance Levels 3.052 USDT: The nearest resistance level. 3.149 USDT: The next resistance level, which is slightly higher. 3.295 USDT: Another resistance level above the previous one. 3.525 USDT: A significant resistance level. 3.812 USDT: The highest resistance level shown on the chart. Price Action Current Price: The price is currently at 2.850 USDT, just above the recent support levels. Price Movement: The price has been in a downtrend, making lower highs and lower lows. However, it appears to be attempting to break out of this downtrend. Potential Scenarios Bullish Scenario: If the price successfully breaks above the falling trend line and the resistance at 3.052 USDT, it could move towards the next resistance levels at 3.149 USDT and 3.295 USDT. A breakout above 3.295 USDT could see the price test higher resistance levels at 3.525 USDT and 3.812 USDT. Bearish Scenario: If the price fails to break above the falling trend line and resistance at 3.052 USDT, it could retest the support levels at 2.735 USDT and 2.691 USDT. A break below 2.691 USDT could lead to a further decline towards 2.613 USDT.
Long
by Tdawly_Official
LayerZero(ZRO) is Ready to Go UPLayerZero(ZRO) has been listed on various exchanges for less than 3 days, and it has been trending downward due to the Airdrop that LayerZero(ZRO) had. What is LayerZero(ZRO)!? LayerZero is an omnichain interoperability protocol designed for lightweight message passing across chains. LayerZero provides authentic and guaranteed message delivery with configurable trustlessness. It is a “blockchain of blockchains” that allows other blockchain networks to communicate directly and in a trustless manner. From the point of view of Classical Technical Analysis , LayerZero(ZRO) seems to have created two Reversal patterns : an I nverse Head-and-Shoulders Pattern and a Falling Wedge Pattern . I expect LayerZero(ZRO) to rise at least until the next Resistance zone($3.67_$3.50) after breaking the Neckline and Resistance zone($3.17_$3.08) . Note: An important point you should always remember is capital management and lack of greed. LayerZero Analyze (ZROUSDT), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
2