ZAPETH Cycle

Sep 17, 2020

Even further indication that ZAP cycle could be ready to turn up on the 4H chart.

Reasons to be bullish:

• >70% retracement from previous high.
  
• Higher low.
  
• Hidden bullish divergence.
  
• Break out of descending resistance.
  
• Price under 50, 100, 200 MA
  
• 50 MA under 100 and 200 MAs and beginning to curl up.
  

Reasons to be bearish:

• Only 72% retracement from second pump compared to 83% in the first pump.
  
• Already risen 2400% from bottom.
  
• Market uncertainty at the moment.