LayerZero(ZRO) RoadmapLayerZero(ZRO) is trying to break the Resistance line .
According to Elliott's wave theory , LayerZero(ZRO) seems to be completing the main wave 5 .
By comparing the LayerZero(ZRO) chart with BINANCE:NOTUSDT , we can understand that we have to wait for LayerZero(ZRO)'s corrections .👇Do you agree with me!?
I expect LayerZero(ZRO) to fall again from the Potential Reversal Zone(PRZ) after the +20% rally.
Note: An important point you should always remember is capital management and lack of greed.
LayerZero Analyze (ZROUSDT), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
ZROUSDT trade ideas
LayerZero ZRO price hold well#ZROUSDT price has held up quite well compared to other altcoins, despite yesterday's and today's drop in the crypto market.
We can assume that the #ZRO price will be well maintained, and maybe even pushed up, at least until 11.07, because it is until this date that the trading promo campaign is valid
You can try trading from level to level, as shown on the chart
ZROUSDT IDEAHello Trading view Family / Fellow Traders.
I hope you have used and benifited from the previous analysis .
In today trading session we are monitoring ZROUSDT for a buying opportunity,
UPDATE
#Zro is making Bullish Flag Pattern & Breakout has Already Done ,with a very solid candle in 4H time frame⏰
Now,Ready for good bullish wave 🚀 🚀 maximum chance to gain +45 profit💸 in coming days 💯✅
ZRO analysis (4H)ZRO has just been listed on exchanges and not much data is available on this token.
We have a long shadow resistance range, 70-100% of this long shadow is considered an important resistance.
We expect the price to be rejected when it hits the red box.
The targets are clear on the chart.
Closing a daily candle above the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
#ZRO/USDT#ZRO
The price is moving within a descending channel pattern on the 4-hour frame, which is a retracement pattern
We have a bounce from a major support area in the color EUR at 2.55
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that supports the rise and gives greater momentum and the price is based on it
Entry price is 2.60
The first goal is 2.84
Second goal 3.03
Third goal 3.31
#ZRO/USDT#ZRO
The price is moving in a downward channel and has penetrated it and is returning from it strongly
.
We have a bounce from the green support area at 2.80
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that is about to break higher and supports the rise
Entry price is 3.25
The first goal is 3.60
The second goal is 3.90
Third goal 4.20
ZROTrend Analysis
Falling Trend Line: The chart shows a clear falling trend line that the price has been respecting. Recently, the price has attempted to break above this trend line.
Support Levels:
2.735 USDT: The nearest support level.
2.691 USDT: Another support level slightly below the first.
2.613 USDT: A more significant support level.
Resistance Levels
3.052 USDT: The nearest resistance level.
3.149 USDT: The next resistance level, which is slightly higher.
3.295 USDT: Another resistance level above the previous one.
3.525 USDT: A significant resistance level.
3.812 USDT: The highest resistance level shown on the chart.
Price Action
Current Price: The price is currently at 2.850 USDT, just above the recent support levels.
Price Movement: The price has been in a downtrend, making lower highs and lower lows. However, it appears to be attempting to break out of this downtrend.
Potential Scenarios
Bullish Scenario:
If the price successfully breaks above the falling trend line and the resistance at 3.052 USDT, it could move towards the next resistance levels at 3.149 USDT and 3.295 USDT.
A breakout above 3.295 USDT could see the price test higher resistance levels at 3.525 USDT and 3.812 USDT.
Bearish Scenario:
If the price fails to break above the falling trend line and resistance at 3.052 USDT, it could retest the support levels at 2.735 USDT and 2.691 USDT.
A break below 2.691 USDT could lead to a further decline towards 2.613 USDT.
ZRO Weekly Analysis ZRO has been the biggest loser of the week, experiencing a 35% correction following its listing on various tier 1 centralized exchanges. Due to the lack of sufficient price action, the charts are mostly empty. However, analysis of the 1-hour chart reveals the formation of a falling wedge pattern, which often precedes a bullish breakout.
Given the coin's newness, there is insufficient data to analyze traditional indicators comprehensively. If you are a high-risk taker, you might consider investing in Zero Layer, but ensure you employ proper risk management strategies.
LayerZero(ZRO) is Ready to Go UPLayerZero(ZRO) has been listed on various exchanges for less than 3 days, and it has been trending downward due to the Airdrop that LayerZero(ZRO) had.
What is LayerZero(ZRO)!?
LayerZero is an omnichain interoperability protocol designed for lightweight message passing across chains. LayerZero provides authentic and guaranteed message delivery with configurable trustlessness. It is a “blockchain of blockchains” that allows other blockchain networks to communicate directly and in a trustless manner.
From the point of view of Classical Technical Analysis , LayerZero(ZRO) seems to have created two Reversal patterns : an I nverse Head-and-Shoulders Pattern and a Falling Wedge Pattern .
I expect LayerZero(ZRO) to rise at least until the next Resistance zone($3.67_$3.50) after breaking the Neckline and Resistance zone($3.17_$3.08) .
Note: An important point you should always remember is capital management and lack of greed.
LayerZero Analyze (ZROUSDT), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
