๐ขZECUSDT Technical Analysis ๐๐
โก๏ธBroadening Wedge Pattern Formation ๐๐บ
ZECUSDT has been forming a broadening wedge pattern over the last 450 days ๐ . This pattern indicates increasing volatility ๐ and potential for significant price movements ๐น.
โก๏ธCurrent Price Movement ๐น๐
The price is now approaching the wedge's resistance ๐, signaling a potential breakout ๐. Notably, ZEC is trading above the 100 and 200 EMAs on the daily chart ๐ , which reinforces a bullish outlook ๐.
โก๏ธKey Levels ๐
โBuy Level: $33.00 ๐ต
โStop Loss: $25.00 ๐
โก๏ธPotential Breakout ๐ฅ
If a breakout occurs ๐, we can anticipate a strong bullish move ๐. The alignment of technical indicators suggests a promising opportunity for traders ๐๐.
Keep an eye on these levels ๐ and adjust your strategy accordingly ๐.
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