#Creator Campaign Phase 2# #ZKWASM#

ZKWASM 4H Chart: Fibonacci, EMA5/20 & Indicator Signals

On the 4-hour chart, ZKWASM is trading near $0.03. It recently bounced off a swing low around $0.0259 and is approaching key resistance levels. Traders often draw a Fibonacci retracement from the July peak ($0.026). These fib zones at 23.6% ($0.048) act as potential stops for the rally. In other words, if price climbs above $0.04 on strong volume, we watch for a pause near the $0.048 fib line. Cleared fib levels become support, while failure to break them can lead to pullbacks.

Moving Averages (EMA5 and EMA20): The short-term EMA5 and EMA20 lines give a sense of momentum. A classic bullish signal is when EMA5 crosses up through EMA20. On the ZKWASM 4H chart, a fresh EMA5/20 crossover would suggest buyers are in control. If that happens with rising volume, it confirms momentum. Conversely, a drop back under EMA20 would warn of weakness. We also use EMA lines as dynamic support and resistance – price often bounces off EMA20 in a clear trend.

Candlestick Patterns – Engulfing: Watch for reversal candles. A bullish engulfing pattern (a green candle that fully “swallows” the prior red one) at a fib or EMA support can signal a turn upward. This means sellers were in control, then strong buying took over. For example, a large 4H bullish bar covering the previous decline suggests momentum shift. On the downside, a bearish engulfing after an uptrend warns of a drop. Engulfing patterns are most reliable at turning points, especially when preceded by several candles in one direction.

RSI & MACD: ZKWASM’s RSI (14) on 4H gauges overbought/oversold. Readings above 70 suggest overbuying, and below 30 oversold. Right now, if RSI is near 50–60, the trend lacks extreme heat but room to run. Traders may look for RSI dips toward 30 as buying chances. The MACD (difference of 12 & 26 EMAs) shows trend momentum. A rising MACD line above its signal line turns positive when momentum is building. If MACD histogram bars are growing, that aligns with a bullish move. In practice, a cross of MACD above zero or its signal line often confirms the EMA crossover.

Volume as Confirmation: Volume must back price moves. A breakout above a fib level or EMA needs higher volume to be trusted. For instance, if ZKWASM breaks above $0.041 on strong 4H volume, that strengthens the bullish case. By contrast, if volume dries up as price rises, be cautious – the move may be shaky (low volume with rising price can signal exhaustion). Volume spikes on engulfing candles also confirm reversals. In sum, we use volume to confirm breakouts (high volume) and warn of false moves (diverging volume).

Medium/Long-Term Outlook: For holders, fundamentals and chart structure both matter. Technically, a sustained move above 0.048 fib (38%) would point to the 0.056–0.066 area (50–61.8% fib) next. On the downside, the $0.026–0.028 zone (recent lows) is key support. The large one-year range ($0.01 low to $0.082 high) shows ZKWASM can move fast. In the medium term, if project development stays on track (mainnet launch soon), price could stabilize or gradually climb. Long-term holders should note that the ATH at $0.082 and tokenomics (1B supply) put caps on moves, but growing use of ZK-WASM tech is a positive backdrop. Overall, patience on holds, watching if trend stays bullish above the key moving averages and fib levels.

Key Takeaways:

Fibonacci retracement zones (23–61.8%) often mark bounce targets or reversal points.

A 4H EMA5/EMA20 “golden cross” is a short-term buy signal when backed by volume.

Bullish engulfing candles at support hint at reversals.

RSI and MACD confirm momentum: RSI <30 may signal a low-risk buy, MACD turning up confirms trend.

Volume should spike on valid breakouts (weak volume means caution).

This analysis is based on the latest 4H chart action. Traders should keep an eye on how price interacts with fib levels and moving averages over the next sessions. A clear move above EMA20 or key fibs on strength would favor bulls; failure and a drop back could set up a retest of support. Always use stops and risk management around these technical markers.