Zeta - New kid on the block - Broadening Wedge (Descending)

24 Mar

Caught my attention with OKX jumpstart and the moves they have made after such as quickly listing on Coinbase (no announcement?), Binance futures (no spot?) and more others. Their listing strategy is different to other projects in the market and its refreshing to see.

Has cool tech, cross chain interoperability is the only way for the future, and these guys do it natively. Tested out the tech myself with some of their ecosystem partners (Can be found on Zeta Hub), works without a hitch so far.

On the chart, I see a descending broadening wedge with a potential double bottom. Please correct me if you think I am wrong. This is usually a bullish formation. However, of course this is a super new coin, they are generally much more unpredictable.
Currently sitting at 450-500m USD Market Cap, I believe with its cool tech, good design, good communication strategy; we should see Zeta chain in top 50 projects on CMC. That would be 5x from here.

Do your own research please, this analysis is purely for my own records, not to be taken as financial advice.

9 Apr

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Still in range. Touched the support for the third time and bounced.
Keep following for a breakout. If closes below support, I will take a stop loss.

13 Apr

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I got stopped out below the support but re-entered again. Realizing my first broadening wedge was pretty much on point then I got sidetracked by the horizontal support that was building. This time it should work.

14 Apr

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Good bounce, help up pretty well even after the war news. I am in for the long haul for this one.

19 Apr

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Holding. Keep on following.

3 Mei

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The market is a bit shaky but Zeta is doing wonders with the wedge. If it breaks out, I will be very happy. And you should too =))