🕯 #ZK is trying to move upwards
Using zkSync as an example, I want to analyze with you a typical situation in the altcoin market at this time.
We can see that the main resistance level that is holding back the upward movement is around ~$0.08 📊. It is necessary to break it upwards for the recovery to begin.
A "compression" figure has formed just below that level, in a bullish version of the "inverse head and shoulders" pattern 🐂. It has a chance of being fulfilled, although from experience I can say there is another scenario with almost the same probability.
This consists of a fairly strong bearish expansion of the right shoulder, and sometimes in the transition of the figure into a horizontal consolidation. Only after that does the upward breakout occur 📈.
In any case, it is very likely that we will see a continuation of growth on the horizon of approximately one month.
