#ZEN Ready to Make a Major Move From Key Support LevelYello, Paradisers! Is #Horizen (#ZEN) on the verge of a massive breakout or are we about to see a fake-out and a plunge? Let’s dive in:
💎#ZENUSDT is sitting at a crucial moment, testing the boundaries of a symmetrical triangle formation. After bouncing off the support zone of $6.94-$7.27, it’s showing signs of a breakout from this pattern. This breakout will increase the probability of a massive move toward internal resistance.
💎To confirm a move higher, #ZEN needs to clear $9.98—a critical internal resistance level. Breaking this could be the spark that ignites a rally towards the major resistance zone, potentially triggering a powerful upward push.
💎But if #ZEN starts losing momentum, watch out for a pullback to retest the support around $6.94-$7.27. A failure to hold this area would shift the outlook bearish, bringing the $6.05 demand zone into play.
💎A breakdown below $6.05 would signal the bulls are out of steam, and we could see further downside pressure. This invalidates the bullish setup, giving the bears complete control.
Be patient, play it safe, and always wait for confirmed breakouts or breakdowns before jumping in.
MyCryptoParadise
iFeel the success🌴
Horizen
Long Position on ZENUSDT / (Volume Projection)BINANCE:ZENUSDT
COINBASE:ZENUSD
Mid-risk status: 5x-8x Leverage
Low-risk status: 3x-4x Leverage
👾The setup is active but expect the uncertain phase as well.
⚡️TP:
8.09
8.39
8.73
9.07
9.46
9.78
10.20
(In Optimistic Scenario)
➡️SL:
6.80
🧐The Alternate scenario:
🔴If the price stabilizes below the trigger zone, the setup will be cancelled.
ZEN/USDT Trading ScenarioZEN has been trading within a sideways range for over 630 days, hovering near price lows around the $5.52 mark. During this period, significant volume accumulation has been observed, as confirmed by the volume profile. Additionally, a notable increase in trading volume has occurred during the formation of this range. As the accumulation phase nears its end, with the onset of altcoin season, there is potential for an upward breakout and subsequent strong price growth. In the current price zone, a buying opportunity may be considered, holding the main position until the 0.5 Fibonacci level or higher, with partial profit-taking along the way.
ZENUSDT(Horizen) Daily tf Range Updated till 04-07-24ZENUSDT(Horizen) Daily timeframe range. holding well even tho we had tough day today in market. now staying above 7.55 will eventually lead it to 9.72. but 7.55 needs hold for that, thats also a retrace point. if 7.55 cant hold it got chances to back to 6.31.
ZEN/USDT Retesting its Previous Support for a Rally (Short term)💎Today's spotlight is on #ZENUSDT as it's priming for a bullish leap from a key support zone, hinting at a potential rally toward the above supply zone.
💎 Our last forecast nailed it, bagging a whopping 60% profit for our traders! Now, $Horizen is teasing us again, hovering near a vital $11.67 support line. This drop in trading volume? It's like the calm before the storm, suggesting a bullish spree might just be kicking off from $11.67, with a spike in activity hinting we're onto something big.
💎But if #ZEN decides to take a dip below this crucial support, don't panic —we've got plans. We're eyeing a bounce back from $9.2 next. If LSE:ZEN hesitates to jump back on the bull train from there, we might see it slide even more.
💎We always strategies and be flexible in this game as we cruise through #ZEN's market twists and turns. Join us on this journey now
ZEN/USDT Ready to Ride after a Price Reset? 👀🚀ZEN Analysis💎Paradisers, let's take a moment to assess #ZENUSDT, which has been navigating through a descending channel, revealing dynamic market trends.
💎At this juncture, #Horizen is making strides towards the descending resistance, propelled from the demand zone. This sets the stage for a potential rebound from this zone, potentially initiating an upward trajectory, with sights set on the bearish Order Block (OB) as the upcoming milestone.
💎However, should LSE:ZEN not achieve the anticipated bounce and instead descends below the demand zone, we might witness a fallback to the Bullish OB region around the $9.52 mark, where it could rally for another upward attempt.
💎The Bullish OB zone has historically been a pivotal area for catalyzing significant market recoveries upon engagement. Yet, a failure of this zone, indicating a shift towards bearish trends, may lead to a continuation of bullish momentum from a diminished position.
💎In case #ZEN doesn't harness the momentum from this or any subsequent level, a persistent decline might ensue. Rest assured, Paradisers, your ParadiseTeam is vigilantly monitoring these shifts, ready to navigate you through these intricate market dynamics.
Horizen (ZEN) - Long Term Bullish!ZEN's Total Market Cap has a massive room for potential growth!
Target= $30.98
Major Resistance= $22.50
Current Line of Resistance= $15.67
Line of Support= $12.27
Weekly candles haven't closed above the Line of Support atm, soon as we get a weekly buy candle close above the $15.67 mark. Price will push to: "$22.50" without ease.
ZEN/USDT Should bounce from the support for continue upward move💎 ZEN has recently displayed notable market dynamics, particularly as it rests on a support area, which is crucial for sustaining its upward momentum. A bounce from this support zone is essential for ZEN to continue its upward trajectory.
💎 Should ZEN successfully bounce from the support, it has the probability to resume its upward movement, aiming to break through the local resistance at $15.7.
💎 However, if ZEN fails to find support at the current level and breaks below the support area, it will signify weakness and could lead to further downward movement. In such a scenario, the next potential stop for ZEN would be at the lower support area around $9.6.
💎 Therefore, it is imperative for ZEN to bounce from the support area and reclaim levels above it to maintain its bullish momentum. Failure to do so could result in a continuation of the downward movement.
ZEN/USDT Primed for a Bullish Rally? 🚀👀 ZEN Analysis💎ZENUSDT is currently showcasing dynamic market movements, poised for a potential breakout from its descending channel pattern.
💎At present, #Horizen is experiencing lateral consolidation within a demand zone, which was once considered a supply area. There's a significant chance for the price to rebound from this zone and initiate an upward trend, aiming for the bearish OB area as its next milestone.
💎If ZEN does not manage to rebound and instead dips below the demand zone, it might regress to the Bullish OB area, around the $7.70 mark, in search of renewed impetus for an ascent.
💎The Bullish OB area has historically been a catalyst for notable recoveries upon its testing. Yet, a breach of this zone, affirming a bearish trajectory, could lead ZEN to seek bullish signals from a further depth.
💎Failing to find upward momentum from this subsequent level could perpetuate a downward trend for ZEN. Rest assured, we are here to navigate you through these market shifts.
ZEN/USDT Keep an eye on the demand area or strong support!!💎 ZEN has recently undergone significant market dynamics. Currently, ZEN is showing signs of weakness as it loses support along the trendline, indicating a potential downward movement toward the demand area around 6.3.
💎 Upon reaching the demand area, there may be a substantial bounce for ZEN, potentially leading to an upward breakout from the descending channel pattern. If ZEN successfully breaks out of this pattern, its probability could pave the way for a retest of the Bearish OB area.
💎 However, if ZEN fails to bounce upon reaching the support area and instead consolidates, there is a possibility of a breakdown below the demand level. In such a scenario, the price would likely continue its downward trajectory towards the next significant support area.
💎 The strong support area holds critical importance for ZEN, especially as it represents a bottom support level on the Binance exchange. Historically, significant bounces have been observed in this zone. Therefore, if ZEN manages to reclaim the area above the demand, it could signal a resurgence in upward movement.
ZEN/USDT Break out confirmed. Ready continue upward movement ?💎 Paradisers, #ZENUSDT has undoubtedly seized the market's attention. Presently, ZEN has made a successful breakthrough of a significant volume in the key supply area. This has led to ZEN entering a retesting phase in the demand area, which was formerly a supply area. While there's a possibility of ZEN returning to retest the demand area, any retracement is subject to market dynamics.
💎 However, if #ZEN manages to avoid revisiting the demand zone, it's well-positioned for continued upward momentum and could probability reach our target area.
💎 On the flip side, in the event that LSE:ZEN fails to rebound from the demand level during the retesting at $11, there's a risk of ZEN breaching the demand and descending to the lower demand area around $9. In such a scenario, it becomes critical for ZEN to stage a successful rebound from the $11 level if it intends to persevere in its upward trajectory.
💎 Should #Horizen experience a retracement to the lower demand area and fail to exhibit a rebound, it heightens the likelihood of breaching the demand area. Such an occurrence signifies a bearish turn in momentum and raises the prospect of ZEN continuing its descent, potentially revisiting the key support area.
ZEN/USDT It is required break the resistance area to continue up💎 ZEN has certainly captured the market's attention with its notable rise. Recently, ZEN has achieved a breakout from the Ascending Channel pattern, surpassing the supply zone at the $8.57 mark. Currently, ZEN is experiencing consolidation within a significant resistance zone.
💎 For continued upward momentum, it's crucial for ZEN to breach this resistance zone; otherwise, it may retreat to the demand zone to gather additional strength for another upward push. A successful breakthrough at the $9.50 resistance level, with a candle close above it, would likely signal a sustained upward trend, the probability ZEN toward the projected supply zone target.
💎 Conversely, in a less favorable scenario, should ZEN return to the demand zone without demonstrating a bullish rejection or a bounce, it may indicate vulnerability at this level. A failure to hold the demand zone could lead to a re-entry into the Ascending Channel, suggesting a false breakout. This would likely initiate a bearish phase, with the potential for ZEN to regress towards the support zone.
ZEN/USDT Break Alert, Bullish Momentum ?? Horizen Analysis TodayYello Paradiserzs, Bullish Momentum for #ZEN
💎 ZEN has successfully broken out of the major falling wedge pattern, indicating a bullish momentum and a potential continuation of upward movement.
💎 Examining the price action prior to the breakout, ZEN has tested the demand area thrice. This area has consistently sustained ZEN, preventing further decline and reverting it back to the key support area. This led to a period of sideways movement for several weeks, which can be interpreted as an accumulation area. Now, ZEN has successfully navigated beyond the major constraints of the falling wedge pattern.
💎 Given the breakout from the pattern, there’s a potential for ZEN to establish a new higher high, considering the key support area previously marked the bottom for ZEN.
💎 However, this scenario would be invalidated if ZEN were to close below the key support on the weekly timeframe.
Horizen (ZEN)Horizen's big picture is promising; an inverted wedge pattern, a big one. This means as prices move forward, bigger waves are possible. Currently, price is at the bottom of this pattern. Also, a big harmonic pattern has ended too. So, a tempting situation is forming. Let's see what happens.
Horizen (ZEN) formed bullish BAT for upto 14.50% moveHey dear friends, hope you are well and welcome to the new trade setup of the Horizen ( ZEN ) with US Dollar pair.
On a daily time frame, ZEN has formed a bullish BAT move.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Horizen | Altcoins vs Bitcoin Will Grow Or Correction -Must ReadIn my latest Bitcoin article I mention that the BTC pairings for the Altcoins will undergo a strong correction once Bitcoin starts to move... But this is only valid to the pairs that have been growing since May/June 2022.
You can read the full article below: Bitcoin $21,650 Followed by $26,420 vs Altcoins BTC Pairings
Now, the remaining Altcoins vs Bitcoin (ALTSBTC) pairs can grow, those that are hitting lows just now as we can see here on the ZENBTC chart. Also true for ZECBTC which I shared recently (check my profile).
There are now over 22,000 cryptocurrencies listed on CoinMarketCap, so imagine, there is always going to be a bit of everything with so many options available.
So we can make some generalizations but this won't apply to the entire market as every chart is different and should be treated separately.
ZENBTC is now turning bullish after coming out of a new low.
You can see additional information on the chart.
Namaste.
Horizen (ZEN) formed bullish BAT for upto 13% moveHey dear friends, hope you are well and welcome to the new trade setup of the Horizen (ZEN) with US Dollar pair.
Previously I shared a long term trade setup of ZEN , which is still in play as below:
Now on a 4-hr time frame, ZEN has formed a bullish BAT pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
ZENUSDTHello dear friends
This graph is very attractive! You don't think so?
Our downtrend is not yet complete!!! In my opinion, this trend will continue until the price range of $12.76, and from this area, provided that $11.24 is maintained, I expect to react and form an increasing trend similar to the drawn scenario.
What do you think?