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Zenusdt

#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🌴
Long
by MyCryptoParadise_Simon
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.
by Rick_SimpleSwap
ZEN has a bearish patternOn the chart, in large time frames, you can see a large QM on the chart, which can give us a good trading setup. The right shoulder of QM is also completed. In this shoulder, you can look for close supply ranges. We will look for sell/short positions in the specified supply range. The targets are marked on the chart Closing a daily candle above the invalidation level will violate the analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
1
Will #ZENUSDT's Bullish Reversal Hold or Collapse?Yello, Paradisers! Is #ZENUSDT about to make a bullish reversal from a key support level? Let’s dive into the analysis. 💎#ZENUSD is showing a strong probability of a bullish continuation from a significant support zone. We've observed #ZEN consistently respecting the descending resistance. Recently, it broke upward and completed a retest phase. Currently, it’s respecting internal resistance at $9.87. If it successfully breaks above this level, there’s a high probability it will take a bullish ride to mitigate the above resistance. 💎The bullish probabilities are strong due to the formation of strong engulfing candles, the breakout of a strong descending resistance, and the creation of bullish momentum at key support levels. 💎However, as astute traders, we must consider all probabilities. What if the price fails to ascend from the support at $8.61 and loses momentum? This scenario would clearly indicate that seller sentiment is in control, and #ZEN could drop significantly. 💎Stay focused, patient, and disciplined, Paradisers.The next move is crucial, and we must be prepared for both outcomes. Always remember, consistent profitability comes from strategic trading and managing risks effectively. Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
4
ZEN ANALYSIS🔮 #ZEN Analysis - Breakout 🚀🚀 💲 As we said earlier #ZEN performed the same. Also there is a breakout of rounding bottom pattern. Now we can see a little retest from its resistance 1 zone and after that a bullish move would be seen 💸Current Price -- $9.70 📈Target Price  -- $15.67 ⁉️ What to do? - We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸 #ZEN  #Cryptocurrency #Breakout #DYOR
Long
by ZEUS_Market_Alerts
ZEN ANALYSIS🔮 #ZEN Analysis - Breakout 🚀🚀 💲 There is a formation of 2 chart in #ZEN, Falling Wedge and Rounding Bottom. As we can see that there is a breakout of falling wedge pattern but the price is currently trading around its Rounding Bottom's neckline and also it's major resistance zone. If the candle closes above the neckline/major resistance then we would see a very bullish move 💸Current Price -- $8.19 📈Target Price  -- $15.67 ⁉️ What to do? - We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸 #ZEN  #Cryptocurrency #Breakout #DYOR
Long
by ZEUS_Market_Alerts
ZEN $18 Soon: Momentum is Changing 🚀 Yooo everyone, let's analyze my favorite coin, the ZEN/USDT pair, on the daily time frame. Let's dive in 🤿 1) We can clearly see that a Descending Triangle has been formed, and the $9 resistance level was breached. Although a Descending Triangle is typically a bearish pattern, it can sometimes break upward and give us a bullish scenario. Currently, we are in a bullish scenario. We can clearly see that ZEN broke $9, confirming the pattern accuracy for future growth. 2) Currently, the Descending Triangle in this scenario is serving as a reversal pattern because we dumped in April and then formed a reversal formation triangle. If the dump continues after this formation, it will look like a continuation pattern. 3) About the target: Changing momentum from a downtrend to an uptrend can lead us up to $18 per ZEN, similar to the short-term cycle in February when it broke out from $9 to $18. 4) We also used the Williams Alligator trend indicator. We can clearly see the Green (lips) line crossed the Red (teeth) line, and the Red (teeth) line crossed the Blue (jaw) line. When the Green (lips) line and the Red (teeth) line move away from the Blue (jaw) line and the Blue line follows the same direction, it means the alligator has opened its mouth, indicating a full-blown upward trend. Just like in the previous April trend, we had the same Alligator signal and the price jumped up to $18.
Long
by odbashWizard
4
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
Long
by MyCryptoParadise_Simon
3
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.
Long
by MyCryptoParadise_Simon
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.
by MyCryptoParadise
ZENUSDT.1DUpon reviewing the daily chart for ZEN/USDT, I observe the following from a technical analysis standpoint: Bollinger Bands (BB): The price has made a decisive move above the upper Bollinger Band, which is often considered a signal of strong bullish momentum, although it can also suggest overbought conditions. The price extending above the band could mean that we're experiencing a period of high volatility. Zig Zag Indicator: The Zig Zag lines show significant peaks and troughs, indicating a highly volatile market for ZEN. The latest movement shows a sharp increase in price. Relative Strength Index (RSI): The RSI is currently around 68.45, which is nearing the overbought territory (70 and above), suggesting that the asset may be becoming overbought. However, it's not uncommon for the RSI to remain in overbought territory during a strong trend. Moving Average Convergence Divergence (MACD): The MACD line is above the signal line and the histogram is positive, both of which suggest bullish momentum. The widening gap between the MACD line and the signal line emphasizes this bullish sentiment. Volume: Again, volume isn't visible here, but it would be important to correlate the price movements with volume for confirmation. High volume would add confidence to the bullish signals. Conclusion: Based on this chart, I sense a strong bullish trend, underscored by the recent breakout above the upper Bollinger Band and positive MACD. However, given the RSI's proximity to the overbought zone, I would be cautious about a potential pullback or consolidation in the near future. My strategy would be to consider taking some profits while setting a trailing stop loss to protect from a downside. If I were looking to enter a new position, I would wait for a potential retracement or consolidation to avoid buying at a peak. It's crucial to monitor the RSI and MACD for signs of weakening momentum and be ready to adjust my position accordingly. Remember, while technical analysis can guide decisions, it's also important to consider fundamental factors and market news that could affect the price action.
by MarsSignals