Zoom (ZM) breaks out of a 4-year accumulation phase
By:TradingView
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
ZM has been in a long-term downtrend since reaching its pandemic high near $588, followed by a prolonged sideways range between $55 and $98 since August 2022, reflecting a long accumulation phase
The stock has recently broken above the $98 resistance, signaling a shift to an uptrend on both the weekly and monthly charts. And as long as it stays above $98, the next targets are $127, $181, $260, $322, and $385 in the medium term.
Then any pullback toward $105 – $100 will be a potential for accumulation for medium-term investors, with a stop loss below $87.
The stock has recently broken above the $98 resistance, signaling a shift to an uptrend on both the weekly and monthly charts. And as long as it stays above $98, the next targets are $127, $181, $260, $322, and $385 in the medium term.
Then any pullback toward $105 – $100 will be a potential for accumulation for medium-term investors, with a stop loss below $87.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!
You may also like
QCP Capital says its trading desk saw 'bullish flows' during bitcoin price dip
The Block•2026/08/15 18:57
Bitcoin open interest remains elevated as crypto market dips slightly
The Block•2026/08/15 18:57
SoFi rolls out SoFiUSD stablecoin to banking app users
The Block•2026/08/15 18:21
Japan Knows XRP Reprice Is Coming. Here’s the Latest
TimesTabloid•2026/08/15 18:03
Crypto prices
MoreBitcoin
BTC
$63,030.8
+0.33%
Ethereum
ETH
$1,882.22
+0.39%
Tether USDt
USDT
$0.9989
+0.00%
USDC
USDC
$0.9998
+0.00%
XRP
XRP
$1
+0.31%
Solana
SOL
$75.47
+0.96%
TRON
TRX
$0.3316
-0.30%
Hyperliquid
HYPE
$57.03
+2.61%
Dogecoin
DOGE
$0.06983
+0.28%
Zcash
ZEC
$489.02
+0.52%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now