Hello everyone,
Let's have a detailed analysis of #ZEUSUSDT.
Zeus Network (ZEUSUSDT), a project aiming to bring Bitcoin liquidity to Solana, is generating some bullish signals.
Breakout and Retest:
ZEUS recently broke out of a long-term parallel channel, a potential sign of a trend reversal.
Currently, ZEUS is retesting the breakout area, which is a healthy sign for the breakout's validity.
Additionally, the price is trading above the 200-day Moving Average (200MA), another bullish indicator.
Price Target:
The analysis suggests a significant upside potential of around 728% for ZEUS post-retest.
Supporting Factors:
Strong fundamental concept: Bridging Bitcoin liquidity to Solana.
Daily timeframe chart shows a promising rally after the breakout.
Trading Strategy:
Entry: Consider entry at the current market price (CMP) and around $0.0027 with additional accumulation during potential dips above the 200MA for additional confirmation.
Stop Loss: A daily close below the 200MA would indicate a trend reversal, acting as a stop-loss point.
Profit Targets:
Target 1: $0.004681
Target 2: $0.008183
Target 3: $0.014903
Target 4: $0.023604
Happy trading!
Let's have a detailed analysis of #ZEUSUSDT.
Zeus Network (ZEUSUSDT), a project aiming to bring Bitcoin liquidity to Solana, is generating some bullish signals.
Breakout and Retest:
ZEUS recently broke out of a long-term parallel channel, a potential sign of a trend reversal.
Currently, ZEUS is retesting the breakout area, which is a healthy sign for the breakout's validity.
Additionally, the price is trading above the 200-day Moving Average (200MA), another bullish indicator.
Price Target:
The analysis suggests a significant upside potential of around 728% for ZEUS post-retest.
Supporting Factors:
Strong fundamental concept: Bridging Bitcoin liquidity to Solana.
Daily timeframe chart shows a promising rally after the breakout.
Trading Strategy:
Entry: Consider entry at the current market price (CMP) and around $0.0027 with additional accumulation during potential dips above the 200MA for additional confirmation.
Stop Loss: A daily close below the 200MA would indicate a trend reversal, acting as a stop-loss point.
Profit Targets:
Target 1: $0.004681
Target 2: $0.008183
Target 3: $0.014903
Target 4: $0.023604
Happy trading!
Nota
the price is trading above the 50-day Moving Average (50MA)Profit Targets:
Target 1: $0.4681
Target 2: $0.8183
Target 3: $1.4903
Target 4: $2.3604
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.