📊 ZEREBRO/USDT – 4H Chart Analysis
ZEREBRO has broken out of the long-term descending trendline and is currently consolidating above the breakout zone, near the $0.0320–$0.0330 support (blue zone). This area also coincides with the 50 EMA, which price is now trading above for the first time in weeks — a potential signal of bullish reversal.
🔹 Bullish Outlook:
If price successfully retests this zone and holds, we could see a move towards the first resistance at $0.0411. Momentum and volume are gradually increasing, which supports this scenario.
🔹 Key Levels:
Support zone: $0.0320–$0.0330
May Low: $0.0283
Resistance 1: $0.0411
Resistance 2: $0.0486 (April Close)
📌 Watch for confirmation on the retest — a bullish candle or strong volume surge could provide a good entry opportunity. If rejected, price may revisit support at $0.0283.
ZEREBRO has broken out of the long-term descending trendline and is currently consolidating above the breakout zone, near the $0.0320–$0.0330 support (blue zone). This area also coincides with the 50 EMA, which price is now trading above for the first time in weeks — a potential signal of bullish reversal.
🔹 Bullish Outlook:
If price successfully retests this zone and holds, we could see a move towards the first resistance at $0.0411. Momentum and volume are gradually increasing, which supports this scenario.
🔹 Key Levels:
Support zone: $0.0320–$0.0330
May Low: $0.0283
Resistance 1: $0.0411
Resistance 2: $0.0486 (April Close)
📌 Watch for confirmation on the retest — a bullish candle or strong volume surge could provide a good entry opportunity. If rejected, price may revisit support at $0.0283.
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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.
Disclaimer
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.