1. Pattern Confirmation: - The daily chart has formed a "double bottom" breakout pattern (lasting 18 trading days), with the neckline at 2.50. - Measure of increase = Bottom depth × 1.618 = 0.15 → Target price 2 = 2.35 + 0.15 = 2.50 (rounded up to 2.58) 2. Trend Structure: - Breakthrough of the descending trend line on the weekly chart (connecting the Q2 2024 highs), price above MA(50) 2.30 - The short-term trend is upward, with the Bollinger Band's middle line moving up to 2.42 3. Breakthrough Potential: - After breaking 2.50, open up 2.70+ upward space (Fibonacci 261.8% extension level) - If an effective breakthrough occurs, it may trigger the liquidation of 2.0x leveraged contracts. 4. Indicator Verification: - RSI(14)=65 (neutral bullish), MACD red bars expand, double line golden cross - The OBV indicator has reached a 15-day high, indicating capital inflow. - The trading volume must exceed 2.5 times the daily average at the time of the breakout.
- The current price is consolidating above 2.40, indicating bullish control. A breakthrough of 2.50 will confirm a new round of upward movement. - Be alert: - If it breaks below the 2.35 support, it may test 2.20 (Fibonacci 78.6% extension level) - Futures open interest surged 35% in 24 hours, funding rate -0.025% (bearish dominance)
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$ZRO/USDT
Current Price: 2.375
Target Price:
- TP1: 2.50 (Fibonacci 38.2% extension level)
- TP2: 2.58 (neckline breakout level/Fibonacci 61.8% extension level)
- TP3: 2.70 (Fibonacci 261.8% extension level)
Stop Loss Price: Below 2.35
Reason for Purchase:
1. Pattern Confirmation:
- The daily chart has formed a "double bottom" breakout pattern (lasting 18 trading days), with the neckline at 2.50.
- Measure of increase = Bottom depth × 1.618 = 0.15 → Target price 2 = 2.35 + 0.15 = 2.50 (rounded up to 2.58)
2. Trend Structure:
- Breakthrough of the descending trend line on the weekly chart (connecting the Q2 2024 highs), price above MA(50) 2.30
- The short-term trend is upward, with the Bollinger Band's middle line moving up to 2.42
3. Breakthrough Potential:
- After breaking 2.50, open up 2.70+ upward space (Fibonacci 261.8% extension level)
- If an effective breakthrough occurs, it may trigger the liquidation of 2.0x leveraged contracts.
4. Indicator Verification:
- RSI(14)=65 (neutral bullish), MACD red bars expand, double line golden cross
- The OBV indicator has reached a 15-day high, indicating capital inflow.
- The trading volume must exceed 2.5 times the daily average at the time of the breakout.
Key technical features:
- Morphological parameters:
- Double bottom spacing: 18 trading days (daily chart)
- Neckline position: 2.50 (connecting the two bottom peaks)
- Fibonacci Extension:
- 2.50=(2.35→2.45 increase)×0.382+2.45
- 2.58 = (2.35 → 2.45 increase) × 1.618 + 2.45
- 2.70 = (2.35 → 2.45 increase) × 2.618 + 2.45
- Wave Structure:
- Wave 3 main upward wave: 2.35→2.70 (Target price 3)
- Currently in the 3rd wave, 3rd sub-wave (2.45→2.70)
Market Outlook:
- The current price is consolidating above 2.40, indicating bullish control. A breakthrough of 2.50 will confirm a new round of upward movement.
- Be alert:
- If it breaks below the 2.35 support, it may test 2.20 (Fibonacci 78.6% extension level)
- Futures open interest surged 35% in 24 hours, funding rate -0.025% (bearish dominance)
This content is for reference only and should not be taken as investment advice.