Zebec Network is coiling, poised to explode past its former peak. Forget sideways – this isn’t just accumulation; it’s a vertical ascent. The bulls are firmly in control, painting a textbook pattern of rising momentum with each new peak and valley. A breakout feels inevitable.
Summary
- ZBCN is consolidating within a bullish vertical channel supported by strong structure.
- A move above weekly resistance sets up a breakout to new all-time highs.
- Volume contraction signals an incoming move; sustained volume will validate breakout.
Zebec Network (ZBCN) is staging a daring comeback! After clawing its way back above key levels, ZBCN is flexing some serious bullish muscle. It all started with a bounce off rock-solid daily support, igniting a relentless climb of higher highs and higher lows – textbook bullish behavior. Now, the price is coiling near the value area high, like a spring ready to unleash. Is this the prelude to a vertical surge? The charts certainly suggest a powerful accumulation phase is underway, poised to catapult ZBCN to new heights.
Key technical points
- Bullish Market Structure:Higher highs and higher lows remain intact.
- Accumulation Channel:Vertical structure supported by 0.618 Fibonacci on corrective retests.
- Breakout Target:Above weekly resistance into new all-time highs.
ZBCN (6H) Chart, Source: TradingView
Zebec Network ignited its ascent, finding solace at a critical daily level beneath the value area low. This marked the swing low – the launchpad for the impending surge. Breaching the value area low unleashed a torrent of bullish momentum, propelling the price through the point of control with blistering speed. The value area high proved to be no obstacle, falling swiftly. Now, the price dances tantalizingly around this newly conquered peak.
Imagine a rocket ship fueled and ready for launch – that’s the rally we’re seeing. Its ascent is carving out a clear path, like climbing stairs to the sky. Think of it as a rising river, guided by its banks. As long as the price stays above the river’s edge, especially near that crucial 0.618 mark – the Golden Ratio’s pit stop for corrections – this upward journey is cleared for takeoff. Consider these points not just as numbers, but as launchpads supporting the entire mission.
Zebec Network is coiled, ready to strike. Resistance looms near its all-time high, a tantalizing target. The key? Volume. A surge could shatter the ceiling, catapulting Zebec into uncharted price territory. But the volume profile whispers a warning – a current lull often precedes an explosive surge. Keep your eyes glued; this could be the calm before the storm.
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Imagine a coiled spring, compressed tight within a powerful upward trend. That’s the market during a bullish volume contraction. When the spring coils close to a key resistance level, anticipation builds. The slightest pressure a surge of buying volume can unleash an explosive breakout, launching the price into a new frontier. But remember, that initial burst isn’t enough. Sustained, elevated volume is the fuel needed to maintain the momentum and conquer uncharted territory.
Zebec Network: Bullish Momentum Untamed. Despite minor dips, the price action remains resolutely bullish. Key support levels have held firm, and the price carves a steady path within its ascending accumulation channel. Until this structure cracks, the forecast points skyward, hinting at fresh all-time highs.
What to expect in the coming price action
Zebec Network is coiling for a potential eruption. Currently, it’s locked inside a bullish vertical accumulation phase – think of it as a tightly wound spring. If the current support level acts as a solid foundation and trading volume surges back in, watch out! A breakout above the established weekly resistance could unleash a powerful rally, propelling Zebec to uncharted territories. The underlying structure suggests a bullish ascent is brewing; patience could be richly rewarded.
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Thanks for reading Zebec Network enters vertical accumulation phase eyes breakout to new all-time highs
