LayerZero | Double Ascending (Thanks For The Support!)

15 Ağu

I know you miss me already, because this is the last chart of the day.

Here we have a short-term chart for LayerZero (ZRO). A new cryptocurrency project.

We have a double ascending pattern: Ascending channel and ascending triangle.

➢ The dynamic is quite simple. After the 5th of August, ZROBTC has been producing higher lows while maintaining the same upper boundary, thus the ascending triangle. This is a bullish development.

➢ The current 12h session is just moving above EMA8/13/21 with a rise in volume; above-average. This session closes in 1.5 hours. If the break happens above these levels, the bullish signal is confirmed.

In case of a drop, support is mapped on the chart.

I am sharing this one for my entertainment only... It can be good for a trade only if focused on the super short-term. Plan the exit before entering, and you should do good.

Thank you, thank you, thank you.

Namaste.