Hi!
ZETA is showing a constructive bullish setup on the 4H timeframe.
After a prolonged downtrend, the price found strong demand inside a support zone, where an inverse head and shoulders pattern has developed. The head was formed by the deepest sweep into support.
A key technical confirmation came with the break of the descending trendline, signaling a shift in market structure from bearish to neutral-bullish. Price then pushed through the neckline, validating the pattern and increasing the probability of continuation to the upside.
Currently, price is retesting above the broken neckline, which often acts as new support in healthy reversals. As long as this level holds, the bullish scenario remains intact.
Targets
First target: ~$0.078 — prior resistance and the first supply zone
Second target: ~$0.080 — higher resistance area and pattern projection zone
A clean hold above the neckline with increasing momentum could allow the price to grind higher toward these targets. Rejection from the highlighted resistance zone would be normal and may result in short-term consolidation before continuation.