$ZK Analysis Based on Gann's Method
The current movement of ZK shows its stability near the support of the 8/1 angle, which serves as a critical accumulation point in Gann's analytical framework. The current price of 0.1489 reflects its proximity to the bottom, positioning the asset ideally for a potential bullish breakout once the necessary momentum builds.
Support and Resistance Levels Based on Gann Angles:
- 8/1 Angle: A strong support level, marking the current accumulation zone.
- 4/1 and 3/1 Angles: Potential resistance levels that will test the strength of buyers in the upcoming stages.
- 1/1 Angle: The key target, signaling a major shift in trend and the start of a strong bullish move.
Short-Term Targets:
Based on the technical analysis, the following levels are crucial milestones in the upward trajectory:
- 0.1647
- 0.1776
- 0.2067
- 0.2193
Reaching these targets will depend on sustained momentum and gradually breaking through the mentioned angles.
The Golden Target:
If ZK continues to break through these resistance levels and surpasses the 1/1 angle, the golden target is 0.4279 USD. This level represents a significant profit potential for investors entering at current price levels.
Conclusion:
With strong support at the 8/1 angle and clear short-term targets, #zk appears poised for a robust upward movement. It is recommended to monitor momentum and trading volume closely, as breaking through the identified targets will serve as a strong indicator for the bullish trend toward the golden target.
