🕯$ZK is trying to go upwards
Using #Zksync as an example, I want to analyse with you a typical situation for the alt market at the moment.
We can see that the main resistance level holding back the upward movement here is ~$0.08 📊. It needs to be broken upwards to start the recovery.
A "squeeze" formation is formed under the level in the bullish version of "inverted head and shoulders" 🐂. It has a chance of working out, but from experience I can say that another scenario has about the same probability.
It consists in a rather strong downward expansion of the right shoulder, and sometimes in the transition of the formation into a horizontal consolidation. Already after that comes the exit upwards 📈.
Be that as it may, we are very likely to see a continuation of growth on the viola on the horizon of about a month.
Buy and Trade $ZK here