đ $ZETA is showing a potential technical setup!
ZETA/USDT is currently printing a strong weekly bullish expansion candle on the 1W timeframe, suggesting a potential macro base reversal after a prolonged downtrend.
đ The Technical Setup:
⢠The Pattern: Macro Double Bottom / Reversal Base
⢠Short-term Target: 0.09500
⢠Macro Objective: 0.09500
⢠Market Structure: Reversal / Accumulation
đŻ Key Levels to Watch:
⢠Support / Accumulation Zone: 0.02500 - 0.03000
⢠Resistance: 0.07000
⢠Breakout Level: 0.05500
⢠Stop Loss / Invalidation: 0.02500
đ Confirmation:
⢠Volume: Neutral/standard volume
⢠Momentum: Strong green weekly expansion following bottoming structure
⢠Trend: Macro downtrend attempting a major base reversal
â ď¸ Invalidation:
A weekly close below the 0.02500 major support zone invalidates the reversal structure.
Patience is advised as the asset attempts to form a bottom and transition into a recovery phase.
đ Creator: NOUMAN_DON (@NOUMAN_DON)
#zeta #crypto #BinanceSquare #tradingview #TechnicalAnalysis
ZETA/USDT is currently printing a strong weekly bullish expansion candle on the 1W timeframe, suggesting a potential macro base reversal after a prolonged downtrend.
đ The Technical Setup:
⢠The Pattern: Macro Double Bottom / Reversal Base
⢠Short-term Target: 0.09500
⢠Macro Objective: 0.09500
⢠Market Structure: Reversal / Accumulation
đŻ Key Levels to Watch:
⢠Support / Accumulation Zone: 0.02500 - 0.03000
⢠Resistance: 0.07000
⢠Breakout Level: 0.05500
⢠Stop Loss / Invalidation: 0.02500
đ Confirmation:
⢠Volume: Neutral/standard volume
⢠Momentum: Strong green weekly expansion following bottoming structure
⢠Trend: Macro downtrend attempting a major base reversal
â ď¸ Invalidation:
A weekly close below the 0.02500 major support zone invalidates the reversal structure.
Patience is advised as the asset attempts to form a bottom and transition into a recovery phase.
đ Creator: NOUMAN_DON (@NOUMAN_DON)
#zeta #crypto #BinanceSquare #tradingview #TechnicalAnalysis
