ZEN / USDT Breakout soon ?ZEN / USDT
🌟 Techincal Analysis 🌟
ZEN last few days had nice pumps
And after that now is consolidating in traingle pattern
You can buy now with small stoploss (Breaking below)
Or wait for more confirmation and buy the Breakout or after retest
This is not financial advice
Please have a plan before trading and use stoploss
Good luck and happy trading 🌹
Zenusdt
ZENUSDT AnalysisAt this moment, there are 3 BUY signal present and I'm BULLISH .
Also, the risk-reward ratio is higher than 1 so if you want, you can buy right now.
If you haven't bought yet, you can buy when candles are on down trendline.
If you are holding ZEN right now, you can sell when there's a sell signal from EngineeringRobo or you can take profit at the resistance level (7.20)
After you buy, please watch out for EngineeringRobo's sell signals and consider selling it.
ZEN/BTC (Retest Recent Low Support?)BINANCE: ZENBTC
-Horizen tested the previous swing low at 5560 sat range
-We saw a good bounce but currently faces rejection by the trendline resistance
-If ZEN will pullback, it will likely to retest the recent low and form a double bottom
-A double bottom reversal will only confirm if the trendline resistance is broken up
-This will take a few days so please be patient and wait for a safer entry
-The ideal stop loss is placed under the green support line
-And the upside potential is up to the recent swing top at 9953 sat
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ZEN Target 11$-12$Hello everyone today i'm going analysis ZEN-USDT
A)We have storng support level 9.3$,if we look February month in 2020 we in same level and price push 13.8$.
B)Price also retracement 11.7$ level, and pullback to 9.3$, this is strong support level now.
C)We also have diagonal support level and now price touched diagonal support and then i think price growing upward trend.
D)9$ is resistance level ZEN Aug 2020, ZEN breakout this level, and now price testing previous resistnce level 9$ to turn support and we good to go long.
E)Look at volume how much is increased 1day chart, and no strong upward move that's mean buyers are building there long position
F)TARGET 11$-12$ USDT
ZENBTC...You don't want to miss this breakout !! It's gonna skyThis will be a nice breakout in the next days/weeks
It's a very nice project!!!
Buy 8.500 - 7.700
TP1: 12.000
TP2: 14.000
TP 3 17.000
TP4: 20.000
No SL
It's a very nice trade...If you want to hold it as investment it will be a nice profit in next months
ZEN/BTC (Testing Key Resistance Top)ZEN/BTC
-Horizen is currently trying to retest the recent top at 10k sat
-It is crucial to buy at current market price
-Because we don't know if ZEN can break this resistance area
-I recommend waiting for the breakout confirmation
-That will give us a strong bias that the uptrend is valid
-You can either enter on breakout or retest (pullback)
-Upside scenario is up to 14k sat to 19k sat range
ZEN/BTC (Weekly IH&S Pattern?)ZEN/BTC
-looking at the weekly chart
-this may be forming a bullish Inverse H&S pattern
-the confirmation of this pattern is the break of neckline resistance
-if this reversal setup will play out
-most likely aggressive long term buyers are already scaling in the RS
-while breakout traders are awaiting the neckline break confirmation
-well, this is a long shot and a lot of things may still happen in the mid
ZEN/BTC (Pullback Correction?)ZEN/BTC
-strong push up after breaking the yellow box resist
-we need to pullback to confirm old resist turn new support
-key areas to watch is between 6900-6500
-if we see rejection at this area of support
-it is likely we will see another leg up to test the next high
-target potential upside is 9650s
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.
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.
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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!