ZEN Correction Analysis
After a beautiful pump, ZEN is now correcting, together with the whole crypto market.
We have already reached typical correction levels (50-61.8% pullback), so I'll be keeping an eye on reversal patterns for long trades.
There a support level in the green zone, around 18-19, which could serve as the platform for a new uptrend.
ZENUSDT trade ideas
ZEN / USDT : On the verge of a breakout at Trendline resistance ZEN/USDT: On the Verge of a Breakout After Rejection at Resistance
ZEN/USDT is showing signs of a potential breakout 📈 after facing rejection at a key resistance level 📊. The pair has been testing the upper boundary, creating anticipation for a bullish rally 💥. A successful breakout could pave the way for significant upward momentum 🚀. Stay alert 👀 for confirmation to take advantage of this opportunity.
Key insights:
1. Resistance testing: ZEN/USDT has repeatedly tested the resistance zone but has not yet broken through. Continued pressure at this level increases the likelihood of a breakout soon.
2. Volume analysis: Watch for a volume surge during the breakout to confirm buyer dominance 🔥.
3. Positive momentum: Indicators like RSI and MACD are signaling building strength ⚡, supporting the possibility of a bullish move.
Steps to confirm the breakout:
Look for a decisive 4H or daily candle close above the resistance level 📍.
A noticeable increase in volume accompanying the breakout can confirm buying strength 📊.
A retest of the broken resistance as support will validate the move and reduce risks ✅.
Be cautious of false breakouts, such as sharp reversals or wicks above resistance ⚠️.
Risk management strategies:
Use tight stop-loss orders to protect your capital 🔒.
Position sizing should align with your overall risk management plan 🎯.
Avoid emotional trading and wait for confirmation before entering a position.
This analysis is for educational purposes only and not financial advice. Always conduct your own research (DYOR) 🔍 before making any investment decisions.
Prepare to BUY Spot ZENUSDT
🌟 Capture the Momentum with ZENUSDT! 🌟
🌍 Market Overview:
ZENUSDT is presenting a strong opportunity for short-term gains, aligned with a bullish D1 timeframe.
📊 Trade Plan:
📌 Entry Point: Around $24 – Accumulate in this price range for a solid setup.
🎯 Target: +70% – Aiming for significant short-term returns.
⏳ Hold Time: Up to 1 week – Perfect for traders leveraging the D1 cycle.
💬 Reach out if you need additional strategy insights or personalized advice.
💡 Note: This is not financial advice. Always DYOR before trading.
Bearish Breakout: ZEN’s Path to $26 RevealedZEN has broken below both the daily open (dOpen) and weekly open (wOpen), signaling increased bearish momentum. The previous support levels now act as a Support/Resistance Zone, and bullish recovery requires reclaiming both dOpen and wOpen with significant volume. However, the current setup suggests further downside toward the $26–$25 range, which aligns with multiple confluences and the target from the Head & Shoulders (H&S) pattern.
Confluence for $26–$25 Support Zone:
Fibonacci Retracement (0.618): The key retracement level provides a strong support area.
$25 Key Level: A psychological and technical key level with historical significance.
Point of Control (POC): The POC from the previous trading range aligns perfectly with this zone.
Trend-Based Fibonacci Extension (1.272): The projected extension supports the target.
Fibonacci Speed Fan (0.777): Adds further confluence for this price level.
H&S Target: The projected target of the confirmed Head & Shoulders pattern coincides with this zone.
Outlook and Strategy:
Short-Term Bias: The bearish trend remains dominant unless bulls manage to reclaim dOpen and wOpen with strong volume.
Target Area: The $26–$25 range serves as the most probable area for a bounce or reversal due to multiple technical confluences.
Next Steps: If price reaches the support zone, look for a high-probability long setup with confirmation through increased buying volume, bullish candlestick patterns, and alignment with key indicators.
$Zen Prediction! Hello Traders,
First of all before Everything else I am not recommending you to open a new position because it is very risky but at the same time If we are in Mega rally phase , this could go up by quite a bit like the last time. So you are warned about the very big risk! Big risk = Big reward or Big loss, Could be either. During the mega rally, price action doesn't allow safe and easy entry point!
Weekly and daily volume reached historical highs, and institutional interest is peaking about this coin. In the past we have seen mega rallies with this coin and it was a Big one , I don't see any reason why we shouldn't repeat the similar cycle as before. Previous rally presented 3 RSI peaks above 80. So far Zen only produced 1 peak.
I am not saying we are but even If we are going to $150 levels at some point , we will have a large pullback at some random point. One can't be sure about exact timing. It could be now or after reaching $50 or $70 or $85 hard to say. That is why buying at this point risky!!
Since it is hot topic at this moment , I will update this chart regularly!
ZEN - Is It Time for a Correction?It appears that ZEN is in the process of forming a potential ABC corrective structure:
Wave A and Wave B Context:
Wave A (5 impulsive waves down) is complete, forming the foundation of this corrective pattern.
Wave B retracement is currently unfolding, heading toward the golden pocket zone (Fib 0.618 - 0.666). If price extends further to Fib 0.786, this would offer the best short entry with minimal risk and high reward potential.
Ideal Short Entry Zone:
The golden pocket (Fib 0.618 - 0.666) is identified as the optimal area for initiating short positions.
For added precision, consider laddering entries from Fib 0.618 up to Fib 0.786, especially during fast impulses.
Wave C Target Zone:
The projected Wave C target remains the 1:1 trend-based Fibonacci extension at $24.46, with the following key confluences:
Anchored VWAP at $29
Point of Control (POC) from the old trading range
Psychological level of $30
Fib speed fan 0.618 aligning with the support zone
Trading Plan
Short Setup:
Ladder short entries in the Fib 0.618 - 0.786 zone, monitoring price action for confirmation.
Aim for Wave C completion around the $30-$29 support zone
Long Setup (Wave C Completion):
Watch for signs of reversal at the $30-$29 support zone, which offers significant confluence for long entries.
ZEN Skyrockets 244% – Is a Correction Around the Corner?ZEN has experienced an impressive +244% rally over the past 7 days, completing 7 consecutive bullish days.
Key Resistance Levels:
0.618 Fibonacci Retracement: Reached for the entire structure (logarithmic scale), providing an ideal short entry.
0.666 Fibonacci Retracement: Located at $53.55, perfectly aligning with the previous significant swing high, further strengthening resistance at this level.
Psychological Level: $50 serves as a critical psychological barrier.
The rally suggests an imminent correction due to overextension. Multiple resistance levels indicate a high probability of price cooling off.
Short Setup:
Elliott Wave Completion: 5-wave structure appears completed, signaling the end of the bullish trend.
Take-Profit Targets:
First TP: $39.68 (Fib 0.618 of the current wave).
Second TP: $33.74 (Fib 0.382 of the entire structure).
Risk-Reward Ratio: Targeting 0.382 offers a +25% gain.
Patience = ProfitabilityThere's no need to fomo on ZEN. There are some nice demand zones below, and waiting for them would be the better approach.
When altcoins are on the rise, they give the impression that they’ll never come back down, but falling for this illusion will result in many losing trades and only a few winners.
If you patiently wait and focus on those that retrace, you'll have many unfilled orders but plenty of winning trades.
For this reason, I’ll choose to wait rather than chase the price.
I don't overcomplicate things and add a ton of dirty crap to my charts, but you can check out the success of my analysis below.
I approach trading with confidence backed by experience and past success in identifying high-probability setups.
While I don’t claim to be the best, my track record speaks for itself, and I strive to let my analysis and results do the talking. Watch these levels closely—markets can confirm what charts already whisper. Let’s see how this plays out together.
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Crypto Pick of the Day: ZENUSD (Spot)
🌟 Ready to Ride the Wave with ZENUSD! 🌟
🌍 Market Overview:
ZENUSD is showing strong bullish potential on the D1 timeframe. With a promising setup, this is an excellent opportunity to position yourself for the next big move.
📊 Trade Plan:
📌 Entry: $13 - $15 – Optimal range for accumulation before the breakout.
🎯 Target: $24 - $28 – Targeting a solid growth of over 70%.
⏳ Horizon: 2 months – A mid-term hold aligning with market cycles.
🔍 My Strategy:
Using RainBow MG3, my custom indicator, I’ve identified this setup as a high-probability trade. This tool helps me pinpoint key breakout levels and maximize gains.
🚀 What You Can Do Next:
💬 Let’s Connect: Have questions or want to discuss strategies? I’m here to help!
💡 Disclaimer: This is not financial advice. Always DYOR before making investment decisions.
🔥 ZENUSD is primed for action – Will you join the ride to $28? Let’s make it happen! 🔥
ZEN/USDT- Bullish Breakout Targets ATHDescription:
Breakout Confirmation:- Horizen (ZEN) has successfully broken out of its long-term downtrend, supported by significant volume.
Retest Success:- The $15.50 zone has flipped from resistance to support, reinforcing the bullish case.
Potential Target:- Based on historical price action, the next major resistance is at the all-time high of $170.95, a potential 1,025% upside.
Strategy:-
Entry:- On a pullback to $15.50–$18.00.
Stop Loss:- Below $14.00 to manage risk.
Targets:- Short-term: $36.50, Medium-term: $85.00, Long-term: $170.95.
Risk Management:- Use proper position sizing and adjust stops to break even once the price moves significantly in your favor.
ZEN UptrendMy primary count considers that we are currently in Black wave 5, which will wrap up Gray wave 3.
I don't expect this next wave to go much further than black 3, and the 20-25 range should offer resistance for the next correction (gray 4).
Alternatively, the recent leg down is just black A of a larger ABC correction. This count would still make the overall scenario valid, since Black 1 invalidation is all the way down at 9.25.
ZEN.usd eyes on $9.71: Golden Genesis fib break should runAlt season brewing, some have popped, this one not yet.
Look for break of Golden Genesis fib to mark the bottom.
Watch each fib above for dips, trail stop one fib below.
$ 9.71 is the key level to break.
$11.48 will bee first target for scalp.
$ 8.65 below can serve as SL shield.
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