ZETAUSDT MARKET SCNERIOS📌
Current Market Sentiment: The current market sentiment for ZETAUSDT is neutral to buy, with some indicators showing a strong sell signal and others indicating a buy signal.
Key Levels to Watch:
- Support: $0.34
- Resistance: $2.8726 (all-time high) ¹
Technical Analysis: ZETA has formed a bearish triangle pattern on the 4-hour chart, and a breakdown below the triangle's support level has been confirmed, suggesting increased bearish momentum. However, some analysts believe that ZETA is currently forming an Inverse Head and Shoulders (IHNS) pattern, which could indicate a potential bullish reversal.
Trade Ideas:
- Long position on ZETA for long-term, targeting $2.80 / $4.20
- Buy opportunity near the demand zone between $0.60 and $0.65
- Potential rebound after breaking through $0.70
Important Notes:
- The price is moving in a descending channel on the 4-hour frame
- We have a bounce from the lower limit of the descending channel
- We have a downtrend on the RSI indicator that is about to be broken, which supports the rise ¹
Keep in mind that cryptocurrency markets are highly volatile, and prices can fluctuate rapidly. Always do your own research and consider multiple sources before making investment decisions.
