#ZRX/USDT Analysis (4-Hour Timeframe)
ZRX/USDT is currently trading at $0.3845, showing short-term bullish momentum as it stays above the 200-period SMA at $0.3442 and VWAP at $0.3662.
The RSI is at 68.68, suggesting the asset is nearing overbought territory, indicating potential for a pullback. The MACD histogram shows a bullish trend, with the MACD line at 0.0005 above the signal line at 0.0070.
Expected Outcome and Probability
Based on the current analysis, the expected outcome for ZRX/USDT includes:
Bullish Scenario: If ZRX/USDT continues to trade above the 200-period SMA and VWAP, with the RSI stabilizing and maintaining positive MACD momentum
Bearish Scenario: If the price falls below the 200-period SMA and VWAP, with RSI crossing into overbought territory and MACD turning negative
Overall, monitoring the key support and resistance levels and the behavior of technical indicators will provide better insights for potential trade opportunities.
#ETH_ETF_Approval_23July #BinanceHODLerBANANA #Binance #6thTrade
