ZENUSDT trade ideas
analys "In the daily timeframe, we have observed a reaction to the butterfly harmonic pattern in the past. So far, there has been a correction to the 50% Fibonacci level. The expectation is for the downward trend to continue until the 61.8% level. Subsequently, with the confluence of the 200-day moving average, it is anticipated to initiate its support and rise above $12."
ZEN/USDT Break out confirmed. Ready continue upward movement ?💎 Paradisers, #ZENUSDT has undoubtedly seized the market's attention. Presently, ZEN has made a successful breakthrough of a significant volume in the key supply area. This has led to ZEN entering a retesting phase in the demand area, which was formerly a supply area. While there's a possibility of ZEN returning to retest the demand area, any retracement is subject to market dynamics.
💎 However, if #ZEN manages to avoid revisiting the demand zone, it's well-positioned for continued upward momentum and could probability reach our target area.
💎 On the flip side, in the event that LSE:ZEN fails to rebound from the demand level during the retesting at $11, there's a risk of ZEN breaching the demand and descending to the lower demand area around $9. In such a scenario, it becomes critical for ZEN to stage a successful rebound from the $11 level if it intends to persevere in its upward trajectory.
💎 Should #Horizen experience a retracement to the lower demand area and fail to exhibit a rebound, it heightens the likelihood of breaching the demand area. Such an occurrence signifies a bearish turn in momentum and raises the prospect of ZEN continuing its descent, potentially revisiting the key support area.
ZEN/USDT It is required break the resistance area to continue up💎 ZEN has certainly captured the market's attention with its notable rise. Recently, ZEN has achieved a breakout from the Ascending Channel pattern, surpassing the supply zone at the $8.57 mark. Currently, ZEN is experiencing consolidation within a significant resistance zone.
💎 For continued upward momentum, it's crucial for ZEN to breach this resistance zone; otherwise, it may retreat to the demand zone to gather additional strength for another upward push. A successful breakthrough at the $9.50 resistance level, with a candle close above it, would likely signal a sustained upward trend, the probability ZEN toward the projected supply zone target.
💎 Conversely, in a less favorable scenario, should ZEN return to the demand zone without demonstrating a bullish rejection or a bounce, it may indicate vulnerability at this level. A failure to hold the demand zone could lead to a re-entry into the Ascending Channel, suggesting a false breakout. This would likely initiate a bearish phase, with the potential for ZEN to regress towards the support zone.
ZEN/USDT Break Alert, Bullish Momentum ?? Horizen Analysis TodayYello Paradiserzs, Bullish Momentum for #ZEN
💎 ZEN has successfully broken out of the major falling wedge pattern, indicating a bullish momentum and a potential continuation of upward movement.
💎 Examining the price action prior to the breakout, ZEN has tested the demand area thrice. This area has consistently sustained ZEN, preventing further decline and reverting it back to the key support area. This led to a period of sideways movement for several weeks, which can be interpreted as an accumulation area. Now, ZEN has successfully navigated beyond the major constraints of the falling wedge pattern.
💎 Given the breakout from the pattern, there’s a potential for ZEN to establish a new higher high, considering the key support area previously marked the bottom for ZEN.
💎 However, this scenario would be invalidated if ZEN were to close below the key support on the weekly timeframe.
ZEN BREAKOUT💥💥#ZEN Analysis : Breakout 💸💸
🔮#ZEN was testing a crucial key level at $8.00 and following a symmetrical triangle. Now we can see a perfect breakout here in #ZEN. It indicates the start of an upward trend. 💲💲
👀Current Price: $8.11
🚀 Target Price: $11.70
⚡️What to do ?
👀 There are some resistance at 9.60 and 11.73. Keep an eye on #ZEN price action and volume. We can trade according to the chart and make some profits. Stay tuned for further analysis and stay updated with market sentiments and news.⚡️⚡️
🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments.
#ZEN #Cryptocurrency #Breakout #TechnicalAnalysis #DYOR
zenusdt-mentoringzenusdt
2-3 years of the project ( another scamborder project)
from technical perspective - tradebale
had its first cycle first runup then retrased almost to the launch price
curent situation - on weekly just a bit higher low ( if holds the low is in )
from here to the highs about 20x- not bad
look for short at 7.13
look for long above 8.13
look for long if retrace to 6.72
look for zombi if close under 6.61
ZENUSDTZENUSDT was trading in descending parallel channel and recently it seems like bulls are starting to take the charge and are about to breakout from descending channel with significant bullish divergence as well. Currently the price is forming a local support around 6.75 region.
Will the bulls take charge again continue for leg higher?
$ZEN Performed Bullish peanutLSE:ZEN Performed Bullish peanut
What Is a Pennant?
In technical analysis, a pennant is a type of continuation pattern formed when there is a large movement in a security, known as the flagpole, followed by a consolidation period with converging trend lines—the pennant—followed by a breakout movement in the same direction as the initial large movement, which represents the second half of the flagpole.
Pennants are continuation patterns where a period of consolidation is followed by a breakout used in technical analysis.
It's important to look at the volume in a pennant—the period of consolidation should have lower volume and the breakouts should occur on higher volume.
Most traders use pennants in conjunction with other forms of technical analysis that act as confirmation.
ZEN ANALYSIS (12H)Hi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the ZEN symbol.
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