ZEN/USD - Watch this bearish divergence!ZEN has done very well these past few weeks. However, if you are looking to buy longer term, you need to watch out for this massive bearish divergence we have here.
RSI + MACD + Volume are all painting a very clear bearish divergence on the daily timeframe with lower highs every time we went higher in price. This shows buying interest is fading and once the momentum flips, price can quick fall down to support.
Nevertheless, ZEN can still push higher, but not by much in my opinion before sell pressure will take over and bears will have a party.
Levels on the chart. Don't FOMO. :)
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Zenusdt
ZENUSDT - POTENTIAL RETRACEMENT ANALYSIS
- ZENUSDT brokeout above the previous ATH resistance.
- Price action is to printing a rising wedge pattern.
- RSI is a printing a bearish divergence signal.
SELL ENTRY ⬇️
- Breakdown below the rising wedge support.
TARGETS 🎯
- Fibonacci retracement levels
- Flip horizontal support (previous ATH).
SETUP INVALIDATION ❌
- Breakout above the rising wedge resistance.
ZENUSDT - Descending channel ANALYSIS 🔎
- ZENUSDT is printing a descending channel.
- Price is testing the descending channel resistance.
- The minor uptrend is supported by an ascending trendline support.
POSSIBLE PRICE ACTIONS
- Bullish ⬆️: breakout above the descending channel's resistance.
- Bearish ⬇️: breakdown below the ascending trendline support.
TARGETS 🎯
- Bullish ⬆️: horizontal resistance levels (R1, R2).
- Bearish ⬇️: horizontal support level (S1), descending channel support.
ZENUSDT - Potential sell entry 🔽ZENUSDT brokedown below the ascending trendline support.
RSI printed a bearish divergence signal.
Price action is printing a descending triangle pattern.
Sell entry ⬇️ - breakdown below the descending triangle's horizontal support.
Target 🎯 - fibonacci extension levels, descending channel support.
Setup invalidation ❌ - breakout above the descending triangle's inclined resistance.
ZEN/USD - Wait for correction to completeZen has touched the top of the larger wedge and now is in a correction. Therefore the bias is short. We also have a bearish divergence on RSI.
Wait for price to touch at least the local support level marked by Fib 50% or more likely the support at 61.8% after such a parabolic increase - i.e. 100% increase.
$14 is a great buy area, but wait to confirm that level as support. The larger wedge that is forming is a bearish pattern and we need to break-up to invalidate it.
Let me know what other coins you want me to chart.
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10 CRYPTOCURRENCIES TO 10X IF INVESTED IN 2021 | 9: HorizenDISCLAIMER: The following is not financial advice. Invest at your own risk.
This is part 9 of the 10 part series of 10 Cryptocurrencies you should invest in 2021 to have exponential returns in the future.
The investment strategy centers on fundamentals and predictive models. It assumes all exponential assets obey the following:
Volume and Price action is everything.
Price always reaches the upper band (green in color in the chart) of the previous cycle high.
Ignores black swans and outliers ("A black swan is an unpredictable event that is beyond what is normally expected of a situation and has potentially severe consequences.")
Price always regresses to the mean: Fibonacci zone 50%.
Each cycle's return diminishes by Fib levels: 100% to 78.6% to 61% and so on
Why you should invest in Horizen:
Projected ROI on Log Scale: 2163% or more
Projected Price Target: 227
Maximum Drawdown on Log Scale: 100 to 300%
Risk/Reward: 20X
Expected timeline: 1 to 3 years (Please note the predictive model doesn't predict time period. It simply predicts price projection)
Fundamentals of Price Movement:
Since chart data for Horizen is limited, we are going to focus on key fundamentals like Problems, Solutions, Team, and Investors. Please do your research before investing. I provided links at the end to help you out.
Horizen will be the monopoly to develop blockchain applications for privacy-focused enterprises. It will be an industry standard.
www.horizen.io
Grayscale crypto hedge fund, largest crypto hedge fund by asset management, backs it, Here is the investment research report:
grayscale.co
To understand it's vision watch this interview with its founder: youtu.be
Massive inflows of Smart Money in Bitcoin means massive inflows of money into major altcoins based on Market Capital.
Altcoins are one cycle behind bitcoin, which means the return in altcoins will be 2X to 10X the return of Bitcoin.
Total Crypto Altcoin market cap expected to reach 2.5 to 5 trillion in this cycle.
See the chart below:
Research Materials to Learn More:
www.realvision.com
www.horizen.io
grayscale.co
decrypt.co
Don't forget to like this if this helps you. Welcome to the greatest wealth transfer of the generation. Check the previous post below. Next post will be about NEAR
ZEN hit my TP1 and heading for next !!ZEN / USDT
Zen is mooning after breakout of trendline resistance
You can check Original signal here :👇
My members bought it early yesterday
(average buy 10.8$ )
Price hit my first target : 11.4$ -- And almost hit second target 12.3 (reached 12.27$) giving us 13.61% profit 🔥 until now
price still in momentum and still looks heading for next targets
Good luck 🤞 👍
ZEN / USDT Breakout soon ?ZEN / USDT
🌟 Techincal Analysis 🌟
ZEN last few days had nice pumps
And after that now is consolidating in traingle pattern
You can buy now with small stoploss (Breaking below)
Or wait for more confirmation and buy the Breakout or after retest
This is not financial advice
Please have a plan before trading and use stoploss
Good luck and happy trading 🌹
ZENUSDT AnalysisAt this moment, there are 3 BUY signal present and I'm BULLISH .
Also, the risk-reward ratio is higher than 1 so if you want, you can buy right now.
If you haven't bought yet, you can buy when candles are on down trendline.
If you are holding ZEN right now, you can sell when there's a sell signal from EngineeringRobo or you can take profit at the resistance level (7.20)
After you buy, please watch out for EngineeringRobo's sell signals and consider selling it.
ZEN/BTC (Retest Recent Low Support?)BINANCE: ZENBTC
-Horizen tested the previous swing low at 5560 sat range
-We saw a good bounce but currently faces rejection by the trendline resistance
-If ZEN will pullback, it will likely to retest the recent low and form a double bottom
-A double bottom reversal will only confirm if the trendline resistance is broken up
-This will take a few days so please be patient and wait for a safer entry
-The ideal stop loss is placed under the green support line
-And the upside potential is up to the recent swing top at 9953 sat
^Trading involves High Risk
^Not Financial Advice
^Please exercise Risk Management
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ZEN Target 11$-12$Hello everyone today i'm going analysis ZEN-USDT
A)We have storng support level 9.3$,if we look February month in 2020 we in same level and price push 13.8$.
B)Price also retracement 11.7$ level, and pullback to 9.3$, this is strong support level now.
C)We also have diagonal support level and now price touched diagonal support and then i think price growing upward trend.
D)9$ is resistance level ZEN Aug 2020, ZEN breakout this level, and now price testing previous resistnce level 9$ to turn support and we good to go long.
E)Look at volume how much is increased 1day chart, and no strong upward move that's mean buyers are building there long position
F)TARGET 11$-12$ USDT