ZENUSDT trade ideas
#ZEN/BTC - Potential 99.15% #NEWS
#LONG
#ZEN/BTC - Potential 99.15%
Optional Leverage: N/A
Entry - 35.77
TP1 (50%) - 39.105
TP2 (25%) - 42.114
TP3 (25%) - 45.986
SL - 31.038
- BTC - BTC PRICE Stable, BTC DOM Decrease = ALTS Increase
- Trigger: LISTING ANNOUNCEMENT
- RR - 2.16
- Trailing Buy - 3%
- Trailing Profit - 5%
- Trailing Stop-Loss - no
ZEN/USD - Watch this bearish divergence!ZEN has done very well these past few weeks. However, if you are looking to buy longer term, you need to watch out for this massive bearish divergence we have here.
RSI + MACD + Volume are all painting a very clear bearish divergence on the daily timeframe with lower highs every time we went higher in price. This shows buying interest is fading and once the momentum flips, price can quick fall down to support.
Nevertheless, ZEN can still push higher, but not by much in my opinion before sell pressure will take over and bears will have a party.
Levels on the chart. Don't FOMO. :)
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#ZEN/USDTPERP - Potential 15.11% #SWING
#LONG
#ZEN/USDTPERP - Potential 15.11%
Optional Leverage: 3x
Entry- 33.325
TP1- 35.873 (75%)
TP2- 38.257 (25%)
SL- 30.624
- Key Notes - BTC consolidating - ALT's showing strength
- RR - 1.92
- Trailing Buy - 0.5%
- Trailing Profit - 1%
- Trailing Stop-Loss - No
ZENUSDT ShortNew tokens on Binance pump and dump during the first few weeks using this for the short game :)
ZENUSDT - POTENTIAL RETRACEMENT ANALYSIS
- ZENUSDT brokeout above the previous ATH resistance.
- Price action is to printing a rising wedge pattern.
- RSI is a printing a bearish divergence signal.
SELL ENTRY ⬇️
- Breakdown below the rising wedge support.
TARGETS 🎯
- Fibonacci retracement levels
- Flip horizontal support (previous ATH).
SETUP INVALIDATION ❌
- Breakout above the rising wedge resistance.
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.
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.
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