ZENUSDT.P trade ideas
the bullflag they don't want you to see!After profitting from this majestic inverse head and shoulders, this potential bullflag might become the truth! since grayscale is disbanding their XRP fund, their ripple refugee's need somewhere to go. The investors with a certain risk appetite are flowing into $zen right now.
ZenusdtPrice broke out of the high of the weekly control candle. Tested the breakout and looks like the support is holding.
ZENUSDT - Potential sell entry 🔽ZENUSDT brokedown below the ascending trendline support.
RSI printed a bearish divergence signal.
Price action is printing a descending triangle pattern.
Sell entry ⬇️ - breakdown below the descending triangle's horizontal support.
Target 🎯 - fibonacci extension levels, descending channel support.
Setup invalidation ❌ - breakout above the descending triangle's inclined resistance.
ZEN - Perfect hits for 130%+, Where do we go from here?ZEN has made dreams come true yet again, if you followed my last idea it was good for an EASY 130% without even catching the retrace!! Check it out below:
So where do we go from here?
Well obviously after this much growth we expect a retrace, what goes up must come down after-all. Interesting it was growing against btc's dump today, leading me to believe there may be some more short term headroom.
That said, indicators point more towards a potential retrace. If it does I expect a decent one as profit taking grips hold, but then we'll probably pop right back up again to higher highs for another 200% for predicted bounce point.
Bullish fractal present, heavy up pressure but overbought and TD9 just complete a green sequence, with this candle being candle 0. that means we'll either totally nuts from here, or more likely get a reversal.
Either way, there is more headroom on this chart. When it happens, we'll have to wait and see!
ZEN/USD - Wait for correction to completeZen has touched the top of the larger wedge and now is in a correction. Therefore the bias is short. We also have a bearish divergence on RSI.
Wait for price to touch at least the local support level marked by Fib 50% or more likely the support at 61.8% after such a parabolic increase - i.e. 100% increase.
$14 is a great buy area, but wait to confirm that level as support. The larger wedge that is forming is a bearish pattern and we need to break-up to invalidate it.
Let me know what other coins you want me to chart.
Like and follow!
ZEN-USDT PUMP SOON?Hello traders!
ZEN-USDT today failed to breakout and price dropped below resistance line. Maybe we will see drop to 11.00-11.20 USD and then bounce back up to retest resistance line. After that 2 scenarios will appear - first is that price will sucessfully breakout and we will see decent pump, second - another failed breakout appears and price will drop back to support line
Stay tuned, comment, like and sharre your opinion!
This is not investment advice
ZEN - Confirmed Breakout? Looks like it!Zen has been seeing a spot of a downward wedge, ever since giving up the gains a couple weeks ago. We're seeing what looks to be a breakout from this wedge.
This could be pointing to a potential bullflag scenario, in which case the flag is looking like it's about to pop.
MACD is showing it's first bullish deviation in some time.
RSI is not overbought, but we can see the potential for short term reversal or retrace.
Volume confirmation on breakout so far.
This is looking like good breakout play. If you know how to trade a breakout, you know what to do here. If you don't, I suggest looking into it fast ;)
ZENUSDT is trying to have a breakout 🦐$ZEN.X is trying to have a breakout, after previous attempts. IF the price will have a breakout According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
BINANCE: ZEN/USDT (Break out)🛒 Pair: ZEN/USDT 🛒
== SPOT==
⏰ 1399/10/11 ⏰
🕰 01/01/2021 🕰
#1
Duration:
📈 SHORT - MID 📈
Ex: Binance
🛒 Buy: 11.20 - 11.40 🛒
👉Sell Targets👈
🎯TP1: 11.84 🥉
🎯TP2: hidden 🥈
🎯TP3: hidden 🥇
🎯TP4: hidden 🏆
🎯TP5: hidden 🚁
🎯TP6: hidden ✈️
🎯TP7: hidden 🚀
🎯TP8: hidden 🛰
⛔️ SL: 10.24 by closing Daily candle below
**Bull flag**
**Breakout**
Happy new year
ZEN ( USDT )I think The best price to OP Long is 6 - 7
Only risk taker can OP Short first very" tight SL : upper 11.2 ( or waiting Long at the bottom )
TP Short : 9 - 8 - 7
DWYOR
A different view - Horizen AnalysisThere was pretty much only bullish "Ideas" here, thought I would share mine for a different perspective on things.
I personaly bought right before this bullrun, at 9.3 two weeks ago, and today at 10. Long term Horizen Hodler, but with a more realistic view of things.
Hope the "idea" helps you decide what you want to do next, personally I belive a bull market is in the makings this time around, and that the chances for a zen down trend would be temporary at worst.
Don't take this as Financial advice, only for perspective, do your own due diligence before making any choices in life.
