Horizon Bullish divergenceI expect Zen to exhibit a bullish divergence, indicating a strong upward movement from its current level.
ZENUSDT trade ideas
Horizen | Horizenusdt | zenusdt | zen key levels Horizen | Horizenusdt | zenusdt | zen key levels
Bullish Trigger for Zen is Opening above $9.3
$10.9 nearest tgt/resistance
sl $8.1 + buying point
ZEN OUTLOOKThe 1-hour time frame shows that Zen is making a higher high, indicating a bullish movement. Therefore, I have taken a long position.
Zen LongThe rejection of support at this level suggests a favorable opportunity to enter a long position.
Zen bullish The Zen market is showing bullish signs as it breaks through the resistance level. I anticipate a significant increase in price.
ZEN LONGZen rejects the downward movement on the one-hour level and is likely to move upwards on a lower time frame.
#ZEN/USDT#ZEN
The price is moving in a bearish channel on a 4-hour frame, which the price adheres to and is expected to break to the upside in an upward manner
It is expected that the Moving Average 100 test will be retested
We have a major support area in green at level 11
The RSI indicator has a downtrend that is expected to break higher
Entry price 12.62
The first target is 13.70
The second goal is 15.85
Third goal 17.75
ZEN/USDT Retesting its Previous Support for a Rally (Short term)💎Today's spotlight is on #ZENUSDT as it's priming for a bullish leap from a key support zone, hinting at a potential rally toward the above supply zone.
💎 Our last forecast nailed it, bagging a whopping 60% profit for our traders! Now, $Horizen is teasing us again, hovering near a vital $11.67 support line. This drop in trading volume? It's like the calm before the storm, suggesting a bullish spree might just be kicking off from $11.67, with a spike in activity hinting we're onto something big.
💎But if #ZEN decides to take a dip below this crucial support, don't panic —we've got plans. We're eyeing a bounce back from $9.2 next. If LSE:ZEN hesitates to jump back on the bull train from there, we might see it slide even more.
💎We always strategies and be flexible in this game as we cruise through #ZEN's market twists and turns. Join us on this journey now
ZEN/USDT Ready to Ride after a Price Reset? 👀🚀ZEN Analysis💎Paradisers, let's take a moment to assess #ZENUSDT, which has been navigating through a descending channel, revealing dynamic market trends.
💎At this juncture, #Horizen is making strides towards the descending resistance, propelled from the demand zone. This sets the stage for a potential rebound from this zone, potentially initiating an upward trajectory, with sights set on the bearish Order Block (OB) as the upcoming milestone.
💎However, should LSE:ZEN not achieve the anticipated bounce and instead descends below the demand zone, we might witness a fallback to the Bullish OB region around the $9.52 mark, where it could rally for another upward attempt.
💎The Bullish OB zone has historically been a pivotal area for catalyzing significant market recoveries upon engagement. Yet, a failure of this zone, indicating a shift towards bearish trends, may lead to a continuation of bullish momentum from a diminished position.
💎In case #ZEN doesn't harness the momentum from this or any subsequent level, a persistent decline might ensue. Rest assured, Paradisers, your ParadiseTeam is vigilantly monitoring these shifts, ready to navigate you through these intricate market dynamics.
Horizen (ZEN) - Long Term Bullish!ZEN's Total Market Cap has a massive room for potential growth!
Target= $30.98
Major Resistance= $22.50
Current Line of Resistance= $15.67
Line of Support= $12.27
Weekly candles haven't closed above the Line of Support atm, soon as we get a weekly buy candle close above the $15.67 mark. Price will push to: "$22.50" without ease.
ZEN LOOKS BULLISHWave B is over. It can now enter the bullish wave C.
By maintaining the green range, it can move towards the targets.
The targets are clear on the chart.
Closing a daily candle below 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
ZEN currency analysisZEN currency analysis
It has eaten a lot of volume in the weekly time frame and has started a good trend, the targets are clear
ZEN/USDT Should bounce from the support for continue upward move💎 ZEN has recently displayed notable market dynamics, particularly as it rests on a support area, which is crucial for sustaining its upward momentum. A bounce from this support zone is essential for ZEN to continue its upward trajectory.
💎 Should ZEN successfully bounce from the support, it has the probability to resume its upward movement, aiming to break through the local resistance at $15.7.
💎 However, if ZEN fails to find support at the current level and breaks below the support area, it will signify weakness and could lead to further downward movement. In such a scenario, the next potential stop for ZEN would be at the lower support area around $9.6.
💎 Therefore, it is imperative for ZEN to bounce from the support area and reclaim levels above it to maintain its bullish momentum. Failure to do so could result in a continuation of the downward movement.
ZEN QUICK SHORTZen is exhibiting bearish divergence on the RSI, indicating a potential downward movement. Therefore, I have decided to initiate a short position.
ZEN 🧘♀️Zen has experienced a rejection from the 4-hour order block, indicating a potential price increase from this point onwards.
ZENUSDT.1DUpon reviewing the daily chart for ZEN/USDT, I observe the following from a technical analysis standpoint:
Bollinger Bands (BB): The price has made a decisive move above the upper Bollinger Band, which is often considered a signal of strong bullish momentum, although it can also suggest overbought conditions. The price extending above the band could mean that we're experiencing a period of high volatility.
Zig Zag Indicator: The Zig Zag lines show significant peaks and troughs, indicating a highly volatile market for ZEN. The latest movement shows a sharp increase in price.
Relative Strength Index (RSI): The RSI is currently around 68.45, which is nearing the overbought territory (70 and above), suggesting that the asset may be becoming overbought. However, it's not uncommon for the RSI to remain in overbought territory during a strong trend.
Moving Average Convergence Divergence (MACD): The MACD line is above the signal line and the histogram is positive, both of which suggest bullish momentum. The widening gap between the MACD line and the signal line emphasizes this bullish sentiment.
Volume: Again, volume isn't visible here, but it would be important to correlate the price movements with volume for confirmation. High volume would add confidence to the bullish signals.
Conclusion:
Based on this chart, I sense a strong bullish trend, underscored by the recent breakout above the upper Bollinger Band and positive MACD. However, given the RSI's proximity to the overbought zone, I would be cautious about a potential pullback or consolidation in the near future. My strategy would be to consider taking some profits while setting a trailing stop loss to protect from a downside. If I were looking to enter a new position, I would wait for a potential retracement or consolidation to avoid buying at a peak. It's crucial to monitor the RSI and MACD for signs of weakening momentum and be ready to adjust my position accordingly. Remember, while technical analysis can guide decisions, it's also important to consider fundamental factors and market news that could affect the price action.
$ZEN #Horizen Trading IdeaZEN/USDT Horizen market structure remains bullish. Breaking through the red box (resistance zone) & the money flow tries to go upwards. The next target could be $22.50.
#ZEN/USDT#ZEN
The price is moving in an inverted trumpet pattern and sticking to its limits well
A breakout is underway
We have stability above the green support area at the $7 level
We have a higher stability Moving Average 100 in red
We have an uptrend on the RSI that the price is following well
Further upside is supported
Entry price is 11.66
First goal 13.23
Second goal 15.09
Third goal 17.47
Bullish trend ZENUSDT is showing no divergence, and showing a bullish continuation. Instant buying can be placed.
ZENUSDT | 1W 👀The coin has shown relatively good growth dynamics and has broken out of the descending channel with a breakthrough of the trend resistance (upper boundary).
It's better to limit risks in this case.
- Not financial advice, trade with caution.
✅ Stay updated on market news and developments that may influence the price of Horizen. Positive or negative news can significantly impact the cryptocurrency's value.
✅ Exercise patience and discipline when executing your trading plan. Avoid making impulsive decisions driven by emotions, and adhere to your strategy even during periods of market volatility.
✅ Remember that trading always involves risk, and there are no guarantees of profit. Conduct thorough research, analyze market conditions, and be prepared for various scenarios. Trade only with funds you can afford to lose and avoid excessive risk-taking.
#Crypto #Horizen #Investment #ZEN
ZENThe RSI and price of Zen indicate weakness, suggesting a bearish trend. Therefore, I have taken a short position.
