ZK has completed a 1:1 Bear Pennant Breakdown, perfectly meeting its projected downside target with a -72.83% measured move. This confirms the exhaustion of the previous bearish leg and sets the stage for a potential bullish reversal.
With the bear cycle target achieved, bulls are now likely to regain control. The Buy Accumulation Zone highlighted on the chart serves as a high-probability region for re-entry, especially as market sentiment begins to shift.
For bullish continuation to validate, we need to see a clean break above the Immediate Resistance Zone. Once that occurs, price may accelerate toward the short-term, mid-term, and higher-term targets as indicated:
🔹 Short-Term Target: 0.0833
🔹 Mid-Term Target: 0.1446
🔹 High-Term Target: 0.2323
Momentum will likely strengthen with each structural confirmation. For now, the focus remains on accumulation and observing price behavior near the 0.0595 level.
This is a scenario to track closely ZK is now transitioning from distribution into early signs of recovery.
With the bear cycle target achieved, bulls are now likely to regain control. The Buy Accumulation Zone highlighted on the chart serves as a high-probability region for re-entry, especially as market sentiment begins to shift.
For bullish continuation to validate, we need to see a clean break above the Immediate Resistance Zone. Once that occurs, price may accelerate toward the short-term, mid-term, and higher-term targets as indicated:
🔹 Short-Term Target: 0.0833
🔹 Mid-Term Target: 0.1446
🔹 High-Term Target: 0.2323
Momentum will likely strengthen with each structural confirmation. For now, the focus remains on accumulation and observing price behavior near the 0.0595 level.
This is a scenario to track closely ZK is now transitioning from distribution into early signs of recovery.
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📢Follow the official links only! Trade smart, stay safe! 🎯
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Promotion/Partnership: t.me/WESLAD
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Promotion/Partnership: t.me/WESLAD
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.