๐ $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.
๐ The Technical Setup:
โข The Pattern: Macro Double Bottom / Reversal Base
โข Short-term Target: 0.09500
โข Macro Objective: 0.09500
โข Market Structure: Reversal / Accumulation
๐ฏ Key Levels to Watch:
โข Support / Accumulation Zone: 0.02500 - 0.03000
โข Resistance: 0.07000
โข Breakout Level: 0.05500
โข Stop Loss / Invalidation: 0.02500
๐ Confirmation:
โข Volume: Neutral/standard volume
โข Momentum: Strong green weekly expansion following bottoming structure
โข Trend: Macro downtrend attempting a major base reversal
โ ๏ธ 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.
๐ 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.
๐ The Technical Setup:
โข The Pattern: Macro Double Bottom / Reversal Base
โข Short-term Target: 0.09500
โข Macro Objective: 0.09500
โข Market Structure: Reversal / Accumulation
๐ฏ Key Levels to Watch:
โข Support / Accumulation Zone: 0.02500 - 0.03000
โข Resistance: 0.07000
โข Breakout Level: 0.05500
โข Stop Loss / Invalidation: 0.02500
๐ Confirmation:
โข Volume: Neutral/standard volume
โข Momentum: Strong green weekly expansion following bottoming structure
โข Trend: Macro downtrend attempting a major base reversal
โ ๏ธ 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.
๐ Creator: NOUMAN_DON (@NOUMAN_DON)
#zeta #crypto #BinanceSquare #tradingview #TechnicalAnalysis
