ZENUSDT trade ideas
#ZEN Ready to Make a Major Move From Key Support LevelYello, Paradisers! Is #Horizen (#ZEN) on the verge of a massive breakout or are we about to see a fake-out and a plunge? Let’s dive in:
💎#ZENUSDT is sitting at a crucial moment, testing the boundaries of a symmetrical triangle formation. After bouncing off the support zone of $6.94-$7.27, it’s showing signs of a breakout from this pattern. This breakout will increase the probability of a massive move toward internal resistance.
💎To confirm a move higher, #ZEN needs to clear $9.98—a critical internal resistance level. Breaking this could be the spark that ignites a rally towards the major resistance zone, potentially triggering a powerful upward push.
💎But if #ZEN starts losing momentum, watch out for a pullback to retest the support around $6.94-$7.27. A failure to hold this area would shift the outlook bearish, bringing the $6.05 demand zone into play.
💎A breakdown below $6.05 would signal the bulls are out of steam, and we could see further downside pressure. This invalidates the bullish setup, giving the bears complete control.
Be patient, play it safe, and always wait for confirmed breakouts or breakdowns before jumping in.
MyCryptoParadise
iFeel the success🌴
ZENUSDT Breaks Resistance: Bullish Trend AheadZENUSDT Technical analysis update
ZENUSDT has broken the trend resistance line on the daily chart after 300 days of a ranging market. The current price is trading above the 100 and 200 EMAs on the daily chart, with a noticeable rise in volume over the past few days near the resistance line. If the breakout is confirmed on the daily chart, a strong bullish move can be expected.
ZENUSDT Coin broke out of the 1 week triangle pattern▶️ ZENUSDT Coin broke out of the 1 week triangle pattern and is currently in the 12.50 range.
📌 The market is likely to decline from this point where there is a resistance at the current position and the price may come down to 9.60 - 9.80. If that happens,
✅ if the price rises again from the support line at 9.60 - 9.80, the price may rise to $39.50, and we can expect the following.. ✅🕯
🔼 Future Profit
✅TP 1 - 10.70
✅TP 2 - 11.75
✅TP 3 - 13.10
✅TP 4 - 14.70
✅TP 5 - 17.40
🔼Spot Hold
✅TP 1 - 17.40
✅TP 2 - 30.50
Horizen Bottom Prices & 1600% Growth PotentialHorizen (ZENUSDT) has an interesting chart, it satisfies the criterion for the pairs we look for to accumulate in preparation for the 2025 bull-market.
ZENUSDT hit bottom in June 2023 and produced a long-term higher low in June 2024, one year later.
The current action is happening near the level at which this pair traded back in May and July 2023, also October-September 2023 and February and recently August 2024. This is a long-term accumulation zone.
The bear-market is on the left of the chart, long-term gone. Everything after June 2023 is accumulation, bullish accumulation because have higher highs and higher lows. What follows the accumulation phase is a major growth phase, the next bull-market and we see huge potential for growth.
Now, there can be swings, shakeouts and sudden moves short-term. If prices drop we buy focusing on the long-term.
The strategy is simple we buy and hold. Right after buying we set the sell orders on target based on the strategy of our choice.
Some selling for profits strategies call for selling 50% of your stack after the pair is 200 or 300% up. Others sell 20% at one point, 20% when prices are higher and so on until everything is sold.
Some hold long-term and let the market unravel before deciding where and by how much to sell. Different strategies for different people. Different strategies for diverse capitals and trading goals.
It is impossible to generalize because what works for you might not work for somebody else. We take the strategy and adapt it to our own goals and needs.
Truly, the most important part is to get in early because in this way it is easy to hold when shakeouts and corrections develop and it is also possible to enjoy maximum potential for profits on the way up.
Total growth can go beyond what is shown on the chart. Imagine how the market would become if there is legislative support.
These are conservative targets.
The bullish cycle can produce 500%, 900%, 1,500% or even 3,000%... It doesn't really matter.
How much we earn individually is fully dependent on how much energy we put in. How well prepared we are and how much we are ready to accept and hold.
If we are mentally prepared for 10K, that's what we will get.
If we are mentally prepared and ready for 10M, that's what we get.
The only limit is in your mind. Results will depend on the actions you take.
There is no effect without a cause. There is no cause without effect.
Everything that happens is a result.
If something bad happens, that's the result of bad decisions.
If something good happens, that's the result of good decisions.
If you don't like your environment, change whatever it is that you are doing now and your environment will eventually change.
If you enjoy your life and your surroundings, keep going—keep doing what you are doing, you have my support and I love you.
Namaste.
ZEN buy setup (1D)The large ZEN structure is not bearish given the higher Ls!
We have a liquidity pool at the bottom of the chart. With the sweep of this pool, we expect the price to pump by hitting the green range.
The target can be the red box.
Closing a daily candle below the invalidation level will violate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
ZENUSDT: Bullish Trend (HARMONIC BAT PATTERN) ZENUSDT is moving in up trend, and now its forming BAT PATTERN on 4hr time frame, and also ZEN is formed bullish divergence and could not break the previous LLs, these all sign are the bullish confirmation so in spot we can buy on CMP and in future we will wait for the break the resistance level which is 9.5, to take a long trade.
ZENUSDT: Bearish Trend(Inverse Cup & Handle Pattern)ZEN is moving in side ways and its possibility again touch the pervious strong low level, currently its forming Inverse Cup and Handle Pattern, so we will wait for the break of this pattern for the confirmation of the bearish trend to take a short trade.
Long Position on ZENUSDT / (Volume Projection)BINANCE:ZENUSDT
COINBASE:ZENUSD
Mid-risk status: 5x-8x Leverage
Low-risk status: 3x-4x Leverage
👾The setup is active but expect the uncertain phase as well.
⚡️TP:
8.09
8.39
8.73
9.07
9.46
9.78
10.20
(In Optimistic Scenario)
➡️SL:
6.80
🧐The Alternate scenario:
🔴If the price stabilizes below the trigger zone, the setup will be cancelled.
ZEN/USDT Trading ScenarioZEN has been trading within a sideways range for over 630 days, hovering near price lows around the $5.52 mark. During this period, significant volume accumulation has been observed, as confirmed by the volume profile. Additionally, a notable increase in trading volume has occurred during the formation of this range. As the accumulation phase nears its end, with the onset of altcoin season, there is potential for an upward breakout and subsequent strong price growth. In the current price zone, a buying opportunity may be considered, holding the main position until the 0.5 Fibonacci level or higher, with partial profit-taking along the way.
ZEN has a bearish patternOn the chart, in large time frames, you can see a large QM on the chart, which can give us a good trading setup.
The right shoulder of QM is also completed. In this shoulder, you can look for close supply ranges.
We will look for sell/short positions in the specified supply range.
The targets are marked on the chart
Closing a daily candle above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
ZENUSDT: Bullish Trend (Cup & Handle Pattern)ZEN is moving in strong bullish trend and continuously forming HHs and HLs and currently its forming perfect cup and handle pattern, so we will wait for the break of the cup and handle pattern and also previous HHs these are confirmation of the bullish trend so after that we will take a long trade.
ZENUSDT → Bullish potential in the red market. Break of 10.0 ↑BINANCE:ZENUSDT demonstrates a rally and a retest of the range resistance in the form of a false breakdown, only that does not lead to a fall. The price is forming a pre-breakdown consolidation. With the breakout of 10.0, the growth may continue
On H4, a reversal pattern is forming within the framework of which, while the cryptocurrency market was falling, zen was testing resistance. A false breakout and liquidity capture is formed. This maneuver does not lead to a fall, and the market goes into a state of consolidation, the nature of which resembles a pre-breakdown.
There are no fundamentals, the market follows the flagships, which fall because of some problems. Bitcoin is dragging everyone down due to the sale of a large number of coins by Germany, and the debt repayment by Mt.Gox exchange, which has destabilized the situation in general.
Resistance levels: 9.79-10.0
Support levels: 9.35, 8.8, 8.14
In this case, it is acceptable to use a breakout strategy against resistance at 9.79-9.87. But, if the structure will be broken, the price, in order to increase the volume before the growth may head towards the support.
Regards R. Linda!
ZEN ANALYSIS🔮 #ZEN Analysis - Breakout 🚀🚀
💲 As we said earlier #ZEN performed the same. More than 50% move already done in #ZEN Now we can see a little retest from its resistance 2 zone and after that a bullish move would be seen
💸Current Price -- $11.88
📈Target Price -- $15.67
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#ZEN #Cryptocurrency #Breakout #DYOR