🔴 $ZAMA · 1H
Price is $0.0717 and $ZAMA remains below the averages that capped it earlier. The $0.0712 area held twice over the last three days and is being tested again. Price is down in the lower third of that range. The floor is 0.7% away and the ceiling is nowhere close. The 20 crossed below the 50 recently, for only 1 candles, so this leg is still young. RSI at 29 is deep in oversold territory. Over the past day it has traded between $0.0716 and $0.0855, sitting near the bottom of it now. The last 24 hours carried roughly 3.2x normal volume. Down 8.5% over 24 hours.
⚠️ DYOR
$ZAMA #TechnicalAnalysis
Price is $0.0717 and $ZAMA remains below the averages that capped it earlier. The $0.0712 area held twice over the last three days and is being tested again. Price is down in the lower third of that range. The floor is 0.7% away and the ceiling is nowhere close. The 20 crossed below the 50 recently, for only 1 candles, so this leg is still young. RSI at 29 is deep in oversold territory. Over the past day it has traded between $0.0716 and $0.0855, sitting near the bottom of it now. The last 24 hours carried roughly 3.2x normal volume. Down 8.5% over 24 hours.
⚠️ DYOR
$ZAMA #TechnicalAnalysis