ZENUSDT formed bullish BAT | A good long opportunityAfter forming successful BAT pattern the price action has taken bullish divergence more than 10% the priceline of world's 66th ranked cryptocurrency Insolar Horizen (ZEN) has formed bullish BAT pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
Lets have a look on the move of price action to see how perfect this pattern is driven:
After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B Fibonacci projection area and last leg (C to D) is retraced between 0.786 to 0.886 Fibonacci and now the price action is moving in potential reversal zone of this bullish BAT and now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg , but if after this bullish divergence the candles sticks will be closed above the 0.786 Fibonacci projection area of A to D leg then it can also lead to the long term bullish move.
As per Fibonacci sequence method we can set our targets as below:
Buy between: $7.61280 to $7.53763
Sell between: $7.79212 to $8.06659
So this is a very short term 4hr based chart good long opportunity
Regards,
Atif Akbar (moon333)
The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not an investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic BAT pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
Zenusdt
ZEN/BTC TA Update (1 More Leg Up?)ZEN/BTC
ZEN is still following the upward trend-line of resistance from the Low 4000 sats area. The price is trading above 200 Day MA for more than 30 days already signaling us that this coin is stronger
against the bears during the BTC Dominance breakout recently. If ZEN can keep this level for a couple of days, I would expect another leg up to restest the Swing High at 11000 sats area.
ZEN/BTC TA Update (Bull Run Ready to Start?)ZEN/BTC
Despite recent BTC Alts dump, ZEN manages to break bullish after trading above the 200 Day MA for a couple of days.
New Higher Low support is now built plus the 200 MA will act as immediate support in case of a deep pullback.
The overall market structure is bullish right now.
ZEN Setup ready! Only 1:8 Risk for this one!Trading Signal - BUY
My buy price - 1121
My (Trailing) Profit Take - 1200**
My (Trailing) Stop Loss - 1100
**Trades are valid for about 8-12x the Timeframe (e.x 30min = 4-6 hours valid) after that, anything can happen.
For both my Profit / Stop I use a so called Trailing Profit Take or Trailing Stop Loss to Maximize my ROI!
This is made possible by 3Commas.io A very easy to use solution for automated trading.
If you want to contribute please use my referal link 3commas.io
-10% Discount on the first purchase of subscription.
When you do, I'am always available for questions!
Take a look at My Twitter and follow for direct notifications of new signals!
ZENBTCZENBTC is now above a significant pivot. If consolidation maintains bullish structure here I expect an ultimate target of 0.002375. Clear invalidation under pivot with daily closes below 0.001500.
Horizen - Neat small tradeZen obviously wants to break higher. I am observing it quite a few weeks and allways when we get to 13.xx levels, there comes a pump up. The last one was huge (some partnership announced), so I didn´t think we´ll be able to get back here again. Well, we did. It needed to test the accumulation zone with POC included.
So I can see two possibilities here :
1- We´ll bounce right away and be heading to 14.55 USD.
2. We´ll retest the low, possibly even the blue accumulation zone. And bounce afterwards.
Therefore I am opening half position now and if we get to lower levels, I will be adding to my position.
All signs show we should be bouncing now (Oversold stoch., oversold RSI, bottom of BB etc.). So if we´ll make an attempt down again, I guess it will be one in divergences, without volume. Only in that case I will be adding.
Watch that. I think Zen can easily even surpass the target and going for 20.
Have fun!
Horizen: 67% profit potential in following weeksZen is on a huge support and confirming his strength. It´s a great buy right now, but if you like to lower the risk, you can wait for the potentially lower price of 15,5 USD. That seems like the best buy level.
We should test the resistance line of the descending triangle around 26 USD, that is 67% gain from a recent price. On the other hand, 13,8 needs to be considered as an SL level. That gives us a unique 1:6 RRR.
Stochastic is getting into an oversold zone on daily and is massively oversold on weekly as well. That´ s confirming the move up.
Zone of 19-20,5 has to be considered as a huge resistance, so once we reach 19, I am moving my SL to break even.
Enjoy!
