ZEN/USDT Primed for a Bullish Rally? 🚀👀 ZEN Analysis
Updated
💎ZENUSDT is currently showcasing dynamic market movements, poised for a potential breakout from its descending channel pattern.
💎At present, #Horizen is experiencing lateral consolidation within a demand zone, which was once considered a supply area. There's a significant chance for the price to rebound from this zone and initiate an upward trend, aiming for the bearish OB area as its next milestone.
💎If ZEN does not manage to rebound and instead dips below the demand zone, it might regress to the Bullish OB area, around the $7.70 mark, in search of renewed impetus for an ascent.
💎The Bullish OB area has historically been a catalyst for notable recoveries upon its testing. Yet, a breach of this zone, affirming a bearish trajectory, could lead ZEN to seek bullish signals from a further depth.
💎Failing to find upward momentum from this subsequent level could perpetuate a downward trend for ZEN. Rest assured, we are here to navigate you through these market shifts.
💎At present, #Horizen is experiencing lateral consolidation within a demand zone, which was once considered a supply area. There's a significant chance for the price to rebound from this zone and initiate an upward trend, aiming for the bearish OB area as its next milestone.
💎If ZEN does not manage to rebound and instead dips below the demand zone, it might regress to the Bullish OB area, around the $7.70 mark, in search of renewed impetus for an ascent.
💎The Bullish OB area has historically been a catalyst for notable recoveries upon its testing. Yet, a breach of this zone, affirming a bearish trajectory, could lead ZEN to seek bullish signals from a further depth.
💎Failing to find upward momentum from this subsequent level could perpetuate a downward trend for ZEN. Rest assured, we are here to navigate you through these market shifts.
Trade closed: target reached
#ZEN’s 69.17% rise? Called it!Note
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Follow a team of traders with 10+ years of experience?
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