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Zenusdt

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.
by MyCryptoParadise
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.
by MarsSignals
ZEN/USDT Primed for a Bullish Rally? 🚀👀 ZEN Analysis💎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.
Long
by MyCryptoParadise_Simon
ZEN/USDT - Zen Magic is waiting to happen | +340% Profit Scope🫰#ZEN/USDT - Description --------------------------------------------------------------- + ZEN just bounced back from the support + Now its just close to the resistance range around 8.6, this area is critical for the prize + Breakout from this resistance is critical for the next leg of the run. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 8.76 Stop Loss: 7.49 ------------------------------ Targets 1: 9.18 Targets 2: 9.62 Targets 3: 10.38 Targets 4: 11.76 ------------------------------ Timeframe: 4H Capital: 1-2% of trading capital Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Agree or Disagree with the ideas ? lets discuss in the comments. Like and follow us for more ideas. Regards VectorAlgo
Long
by VectorAlgo
ZEN/USDT Keep an eye on the demand area or strong support!!💎 ZEN has recently undergone significant market dynamics. Currently, ZEN is showing signs of weakness as it loses support along the trendline, indicating a potential downward movement toward the demand area around 6.3. 💎 Upon reaching the demand area, there may be a substantial bounce for ZEN, potentially leading to an upward breakout from the descending channel pattern. If ZEN successfully breaks out of this pattern, its probability could pave the way for a retest of the Bearish OB area. 💎 However, if ZEN fails to bounce upon reaching the support area and instead consolidates, there is a possibility of a breakdown below the demand level. In such a scenario, the price would likely continue its downward trajectory towards the next significant support area. 💎 The strong support area holds critical importance for ZEN, especially as it represents a bottom support level on the Binance exchange. Historically, significant bounces have been observed in this zone. Therefore, if ZEN manages to reclaim the area above the demand, it could signal a resurgence in upward movement.
by MyCryptoParadise
1
ZEN ANALYSIS (15 min time frame)🔮 #ZEN Analysis 💰💰 🌟🚀 #ZEN is trading in a "Descending Triangle Pattern". If #BTC shows bullish movement here then we will see a bullish price movement in #ZEN. Also the breakout of descending triangle leads to a huge move. 🚀🚀 🔖 Current Price: $8.31 ⏳️ Target Price:   $8.70 ⁉️ What to do? - We have marked some crucial levels in the chart. We can trade according to the chart and make some profits in #ZEN. 🚀💸 🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments. #ZEN #Cryptocurrency #DYOR
Long
by ZEUS_Market_Alerts
ZENUSDT.4HBased on the provided market data, ZEN is currently trading at $9.66 against USDT. The Relative Strength Index (RSI) on the 4-hour, 1-day, and 7-day charts are 35.60, 44.15, and 53.78 respectively. The RSI values below 50 suggest that ZEN is currently in a bearish phase across all three timeframes. The Moving Average Convergence Divergence (MACD) for the 4-hour chart is -0.31, suggesting a bearish momentum. However, the MACD values for the 1-day and 7-day charts are positive, indicating bullish momentum on the longer-term charts. The Bollinger Bands (Bb) for the 4-hour, 1-day, and 7-day charts are 11.7, 12.11, and 12.30 respectively, suggesting a relatively stable volatility. The support levels on the 4-hour chart are at $8.61, $8.03, and $7.65 while the resistance levels are at $11.13, $11.88, and $13.39. On the 1-day chart, the support levels are at $8.61, $7.35, and $6.62 while the resistance levels are at $11.88, $13.46, and $16.85. On the 7-day chart, the support levels are at $8.89, $6.30, and $5.38 while the resistance levels are at $13.24, $15.84, and $22.17. In conclusion, ZEN is currently showing bearish signals in the short-term but bullish signals in the longer-term. Investors should monitor the market closely for any changes in the trend. Always remember to consider other factors and conduct a thorough analysis before making investment decisions.
by MarsSignals
Buy ZEN on the bottom, it will flyFirst of all we have bullish CH and BOS on daily and weekly time. In the upper areas, there is a lot of liquidity pool that candles have a great desire to sweep. After a BOS, price is pulling back to lower areas to collect buy orders. buy zone and targets have been specified. Closing a weekly candle below the green range will violate the analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
#ZEN#ZEN The coin has been 406 days in accumulation zone All this time #ZEN couldn’t break above 12.961$ price level, so I am taking it as a strong resistance to break If the coin manages to break above 12.961$ and close above it with W body candle, in this case expect that the coin will pump till 20.157$ which will be another resistance to break. All targets that you can see on the chart are strong resistance levels and for #ZEN to reach previous ATH levels - it should break above 54.96$ price level in this case the coin will go higher
Long
by vazitrades
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.
by MyCryptoParadise