ANALYSIS 🔎 - ZECUSDT hit swing high. - The market then retraced for a retest of the flip horizontal support (S1) and fibonacci retracement levels. - A bullish pin bar (hammer) was formed at the retest area. - Price action is printing a pennant chart pattern. - A pennant chart pattern is a trend continuation pattern. In this case, a bullish continuation pattern. - There's an uptrend continuation possibility.
BUY ENTRY ⬆️ - Breakout above the pennant's inclined resistance.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.