ZM Potential for Bullish Momentum | 5th August 2022On H4, with the price going along the ascending trend line, and the MACD histogram is above zero, we have a bullish bias that the price may rise form the buy entry at 113.74, which is in line with the 61.8% fibonacci retracement to the take profit at 125.10, where the swing high resistance and 61.8% fibonacci projection are. Alternatively, the price may drop to the stop loss at 106.92, which is in line with the 38.2% fibonacci retracement and overlap support.
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