🐳 Golden cross on the $ZK 4-hour chart. A couple of thoughts from the perspective of someone holding a position:
The bearish momentum histogram has lasted for 17 consecutive 4-hour candles, which shows that the bears had the upper hand for a while. Now, selling pressure has finally run out of steam. And since the price is above the zero line, if enough positions have changed hands during the shakeout, buyers may have a chance to take control again.
What do you think? Share your thoughts in the comments.
#ZK
The bearish momentum histogram has lasted for 17 consecutive 4-hour candles, which shows that the bears had the upper hand for a while. Now, selling pressure has finally run out of steam. And since the price is above the zero line, if enough positions have changed hands during the shakeout, buyers may have a chance to take control again.
What do you think? Share your thoughts in the comments.
#ZK