Short ZEN Potential Bearish tradeToday we have another good opportunity risk reward short entry, for this bearish market.
In this case I am looking at some anomalies(big pumps without a reason inside a bear market) and short them when I believe they are close to top/ATH
Key points:
Type of entry : Short
Take profit level 1 : 37.5
Take profit level 2: 35
Stops loss : 44
ZEN
🆓Horizen (ZEN) Mar-10 #ZEN $ZEN
The current buying power of ZEN is very strong, if it doesn't fall out of the $38 zone it will continue to increase rapidly to the $50 zone. However, if it loses the $38 zone, it will fall very hard because there is no support between the $38 and the $32 zone.
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 38$ zone
🔴Buy : 38
🔴Sell : 44 - 50
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 38$ zone
🔵Sell : 38
🔵Buy : 32 - 28
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
ZEN short if it touches near 100 before earnings on 2/10Consistent bear trend. Earnings on 2/10. Ichy resistance above around 100. Has sold off about 20 points or so after last few earnings releases. Being promoted by sell side Wall Street, but a questionable merger to be voted on by shareholders on 2/25, so there is still a lot of uncertainty about this stock. Not in the green. Even if expectations beat, not a favorable environment for a long.
$HZEN is about to fly. The chart speaks for itself.This is the most beautiful chart I've seen in a while.
One trick to trading the Grayscale products is the move in these products always lags behind the spot market by a day to a few days. So once you start seeing an asset move, look to the charts in Grayscale to see if the move will follow.
$ZEN has started to move already and this chart looks like the bull run is just beginning. I'm looking to enter around $9.52. Once it's over that $18 resistance, the sky is the limit.
Key dates and price levels on the chart. Let's see what happens from here.
Bitcoin expected moves: On The ClockNot a financial advisor; simply sharing my own thoughts on the markets.
Bitcoin is now back in the " slow load, implode " territory. I have been minimizing exposure and waiting to catch long bottoms. Observations:
HEX.D and ADA.D have lined up with a 8% correction
MATIC.D had an amazing rip 12%+
BTC and SPY inverted on each other yesterday
Based on my new "Circles of Roundness" theory, we should be expecting some moves along the white lines in the charts. I am expecting that towards the end of that time frame we should see BTC/USD sitting somewhere around the $55,009 mark or so. Do note: this is a new theory I am implementing, so it might take a few tried to get it zero'd in. Trade Zen.
ZEN / USDT Triangle. Breakdown. Huge volume earlierIn the secondary trend, a symmetrical triangle of 244% has formed. There is a breakdown of its resistance (secondary downtrend). We see on the graph "traces of crime" a huge ransom with "align traces" of action.
Coin at coinmarketcap: Horizen(ZEN)
Start of trading. Price $ 5.14 Now $ 119
ZEN/USD Main trend (part) Triangle
Past Trading Idea ZEN/USDT Channel Up. More than + 2200% from $ 6.2
The work itself is shown in updating the idea as the price trend moves.
🆓Horizen (ZEN) Nov-4 #ZEN $ZENZEN is having a good support at the $80 zone and we can accumulate more at this zone for the targets of $100, $120 and $160 in the near term. If it loses the $80 zone, we can consider buying it back at the $70 and $60 zone
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 80$ zone
🔴Buy : 80
🔴Sell : 100 - 120 - 160
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 80$ zone
🔵Sell : 80
🔵Buy : 70 - 60
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
$ZEN/USDT 2D (Binance Futures) Ascending trendline on supportHorizen is accumulating above 50MA and seems ready to push higher mid-term, probably after a last pull-back!
More information about that hybrid PoW (Proof Of Work) / PoS (Proof Of Stake) blockchain, also a Privacy coin on www.horizen.io
Current Price= 80.474
Buy Entry = 78.906 - 71.922
Take Profit= 94.360 | 123.937 | 166.552
Stop Loss= 60.198
Risk/Reward= 1:1.25 | 1:3.19 | 1:5.99
Expected Profit= +25.12% | +64.34% | +120.85%
Possible Loss= -20.18%
Fib. Retracement= 0.618 | 1 | 1.414
Margin Leverage= 1x
Estimated Gain-time= 4 months
ZEN / USDT — The Real Signal for Crypto ♠️Good morning , guys !
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We published a signal to buy a ZEN coin this night ,
Very good coin , we have worked with it more than once and very successfully .
So, at night we managed to catch a very good moment to enter it !
We entered the range of $ 85-73 , now at the time of writing these lines it costs $ 88.
A very promising breakout of the level, now we are going to the next point - this is already $ 90.
A very promising moment , we recommend adding a coin to your tracking list , if it is not there yet !
The chart shows our subsequent points, look friends !
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Write your thoughts below , we will be happy to chat and discuss any idea !
Good profit to everyone and more competent analytics . ❤️
This idea is not a financial recommendation, but is for informational purposes only! ✅❇️
Horizen (ZEN) forming bullish Butterfly for next moveHey dear friends, hope you are well and welcome to the new trade setup of Horizen ( ZEN ) coin.
Previously we has a nice trade of ZEN:
Now on a 4-hour time frame, ZEN is completing bullish Butterfly 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
🆓Horizen (ZEN) Oct-9 #ZEN $ZENZEN is heading to 90$ and 120$ zones. If it loses this 75$ zone, we will consider buying it back at 65$ zone
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 75$ zone
🔴Buy : 75
🔴Sell : 90 - 120
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 75$ zone
🔵Sell : 75
🔵Buy : 65
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of 1-day candlestick is Above the zone
🅱️B : The Close price of 1-day candlestick is Below the zone
ZEN: PATTERNS FAIL TOO!Dear Traders,
Today I would like to share my personal thoughts with you in hopes to contribute to the trading community. When I was a novice trader, I used to trust patterns blindly, like they're sent by God! But I learned that the market SOMETIMES works according to patterns. Patterns are merely guides that help us explore possibilities. To make decisions, we need to take into account a variety of factors including the context, the CRYPTO TOTAL MARKET CAP, and BTC.D/ALTS.D. The context always matters. Whether the market as a whole is struggling, improving, or stagnating can tell us a great deal about what we should do. Sometimes you notice a bullish pattern, but you feel a certain degree of unease to have an active trade in the market. That's when you should slam on the brakes and keep a cool head. The CRYPTO TOTAL MARKET CAP can tell us what the atmosphere is like in the market. Even if you spot a bullish pattern, if the TOTAL Criterion spells bleeding, you should think twice before entering a trade. BTC.D in relation to ALTS.D and ETH.D could help us make decisions if we know how they correlate. Funding rates could as well help your decision-making. When they skyrocket, greed abounds in the market, and the market will have to cool its jets to sustain its health. All in all, what I have learned is that a pattern is not a forceful indicator of what's to come. Patterns work fine when you consider the above-mentioned factors and wait for confirmations to execute your trades. ZEN might have tricked some with its wicks below the floor of the rising wedge, which is a bearish sign. Add to the mix a MACD that was going to showcase a bearish cross. If you have jumped the gun, you must be in a difficult situation now. However, you can look back on this as a learning curve passed.
I wish you the best and all the luck in the world. Take care!
P.S: I'm no expert and this is my bit I thought I could put out to help. Certainly, there are genuine experts out there you could truly learn from. Thank you for your support and attention.