$ZKC ๐ Attention to $ZKC / $USDT ๐
After the wild dump from $1.70 to touching lows of $0.84, the 15m chart starts to show something that I love to see in extreme oversold phases:
๐ A W pattern in the RSI (double bottom of strength).
๐ Brutal drop, RSI touching 15 points (an impossible level to maintain).
๐ Now it starts to lift marking an imminent technical turnaround.
โก Clear signal that sellers are getting exhausted and buyers can enter strongly.
๐ฏ Short-term targets:
0.95 โ 1.00 first psychological range.
1.17 โ 1.20 if the rebound strengthens and seeks to sweep shorts.
These types of patterns in new listings are dynamite, because market makers usually take advantage to give a bullish breath and leave those who entered late on the short trapped.
๐ฅ My vision: the W is marking the beginning of a violent rebound.
#StrategyBTCPurchase #ZKC
After the wild dump from $1.70 to touching lows of $0.84, the 15m chart starts to show something that I love to see in extreme oversold phases:
๐ A W pattern in the RSI (double bottom of strength).
๐ Brutal drop, RSI touching 15 points (an impossible level to maintain).
๐ Now it starts to lift marking an imminent technical turnaround.
โก Clear signal that sellers are getting exhausted and buyers can enter strongly.
๐ฏ Short-term targets:
0.95 โ 1.00 first psychological range.
1.17 โ 1.20 if the rebound strengthens and seeks to sweep shorts.
These types of patterns in new listings are dynamite, because market makers usually take advantage to give a bullish breath and leave those who entered late on the short trapped.
๐ฅ My vision: the W is marking the beginning of a violent rebound.
#StrategyBTCPurchase #ZKC