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ZENUSDT trade ideas

ZENUSDT - Descending channel ANALYSIS 🔎 - ZENUSDT is printing a descending channel. - Price is testing the descending channel resistance. - The minor uptrend is supported by an ascending trendline support. POSSIBLE PRICE ACTIONS - Bullish ⬆️: breakout above the descending channel's resistance. - Bearish ⬇️: breakdown below the ascending trendline support. TARGETS 🎯 - Bullish ⬆️: horizontal resistance levels (R1, R2). - Bearish ⬇️: horizontal support level (S1), descending channel support.
by Chibuike_Odoh
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!
Long
by cryptosince1963
5
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. $14 is a great buy area, but wait to confirm that level as support. The larger wedge that is forming is a bearish pattern and we need to break-up to invalidate it. Let me know what other coins you want me to chart. Like and follow!
Short
by DU09
4
ZEN - Confirmed Breakout? Looks like it!Zen has been seeing a spot of a downward wedge, ever since giving up the gains a couple weeks ago. We're seeing what looks to be a breakout from this wedge. This could be pointing to a potential bullflag scenario, in which case the flag is looking like it's about to pop. MACD is showing it's first bullish deviation in some time. RSI is not overbought, but we can see the potential for short term reversal or retrace. Volume confirmation on breakout so far. This is looking like good breakout play. If you know how to trade a breakout, you know what to do here. If you don't, I suggest looking into it fast ;)
Long
by cryptosince1963
1
ZENUSDT is trying to have a breakout 🦐$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 ––––– 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.
Long
by InkyGrip
11