ZigZag pattern on this SC/USDT 3m chart: Bearish / corrective ABC ZigZag (after a strong impulsive leg up).
What the chart shows.. ?
. Sharp impulsive rally (big green candles + volume spike ~48M) starting around 05:30, pushing price from the low ~0.00055 area up toward ~0.00090+
. After the peak, price formed a classic corrective ZigZag:
Wave A:
Sharp decline (red candles).
Wave B:
Partial bounce / lower high.
Wave C:
Further decline / lower highs & lower lows with fading volume.
. Price is now consolidating / slightly recovering near 0.000675, sitting below the orange MA (0.000691) but above the rising blue (0.000652) and cyan (0.000635) MAs
. Volume has dropped significantly after the initial spike → typical of a completed pump + distribution / correction phase.
This is the textbook post-impulse ZigZag correction (A-B-C structure), not a bullish continuation ZigZag.
Next likely direction (short-term)
More bearish / continued correction preferred until proven otherwise:
. Price is still under the short-term MA and the structure shows lower highs after the top.
. Declining volume on the bounce attempts is weak.
. Common after such parabolic spikes on low-cap coins like SC: the ZigZag correction often extends or turns into a deeper retracement before any sustained recovery.
Bullish scenario only triggers if:
. Price reclaims and holds above the orange MA (~0.00069) with rising volume, or Clearly breaks the recent lower-high structure with strong green candles.
Until that happens, the path of least resistance after this ZigZag is lower or sideways-to-lower (possible retest of the blue/cyan MA zone or deeper).
Not financial advice — crypto (especially micro-cap alts on 3m charts) is extremely noisy and can reverse fast. Always use your own risk management.
$SC #Binance #SC
What the chart shows.. ?
. Sharp impulsive rally (big green candles + volume spike ~48M) starting around 05:30, pushing price from the low ~0.00055 area up toward ~0.00090+
. After the peak, price formed a classic corrective ZigZag:
Wave A:
Sharp decline (red candles).
Wave B:
Partial bounce / lower high.
Wave C:
Further decline / lower highs & lower lows with fading volume.
. Price is now consolidating / slightly recovering near 0.000675, sitting below the orange MA (0.000691) but above the rising blue (0.000652) and cyan (0.000635) MAs
. Volume has dropped significantly after the initial spike → typical of a completed pump + distribution / correction phase.
This is the textbook post-impulse ZigZag correction (A-B-C structure), not a bullish continuation ZigZag.
Next likely direction (short-term)
More bearish / continued correction preferred until proven otherwise:
. Price is still under the short-term MA and the structure shows lower highs after the top.
. Declining volume on the bounce attempts is weak.
. Common after such parabolic spikes on low-cap coins like SC: the ZigZag correction often extends or turns into a deeper retracement before any sustained recovery.
Bullish scenario only triggers if:
. Price reclaims and holds above the orange MA (~0.00069) with rising volume, or Clearly breaks the recent lower-high structure with strong green candles.
Until that happens, the path of least resistance after this ZigZag is lower or sideways-to-lower (possible retest of the blue/cyan MA zone or deeper).
Not financial advice — crypto (especially micro-cap alts on 3m charts) is extremely noisy and can reverse fast. Always use your own risk management.
$SC #Binance #SC