Technical analysis by The_Alchemist_Trader_ about Symbol ZBCN: Buy recommendation (8/15/2025)

ZBCN price action remains bullish as it holds above a critical 0.618 Fibonacci support level. Sustained buying momentum could trigger a strong rotation toward higher channel resistance levels. ZBCN continues to trade within an established ascending channel, showing resilience at a high-value technical support zone. As long as this structural support remains intact, bullish continuation remains the likely scenario, with the potential for acceleration if volume strengthens. Key Technical Points: - Key Support: 0.618 Fibonacci level in confluence with channel support. - Trend Structure: Price continues to respect ascending channel dynamics. - Upside Potential: Room for rotation toward channel highs if support holds. Price action on ZBCN has respected the ascending channel’s lower boundary, with recent tests confirming demand at the 0.618 Fibonacci retracement. This level acts as a crucial pivot for maintaining the current bullish market structure. So far, price has not breached this support, indicating that bulls are still in control. As long as this base remains intact, the path of least resistance is to the upside. Market structure continues to post higher highs and higher lows, reinforcing the probability of a bullish rotation. Volume remains a key factor to watch. Sustained upside acceleration will require stronger bullish influxes into the volume profile. Without this, price action could see slowed momentum or short-term consolidation before attempting a breakout. However, recent price reactions suggest underlying demand remains present, supporting further upside potential. A decisive move away from the current support zone could fuel a rally toward the upper boundary of the channel, where sellers may once again test bullish strength. This area represents the next significant challenge for the current uptrend. What to Expect in the Coming Price Action: If ZBCN maintains support at the 0.618 Fibonacci level, a rotation toward the channel highs is likely. A volume-backed breakout could extend the rally further, while a breach of support would negate the bullish setup.