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ZENUSDT trade ideas
ZENUSDT(Horizen) Daily tf Range Updated till 04-07-24ZENUSDT(Horizen) Daily timeframe range. holding well even tho we had tough day today in market. now staying above 7.55 will eventually lead it to 9.72. but 7.55 needs hold for that, thats also a retrace point. if 7.55 cant hold it got chances to back to 6.31.
ZEN ANALYSIS🔮 #ZEN Analysis - Breakout 🚀🚀
💲 There is a formation of 2 chart in #ZEN, Falling Wedge and Rounding Bottom. As we can see that there is a breakout of falling wedge pattern but the price is currently trading around its Rounding Bottom's neckline and also it's major resistance zone. If the candle closes above the neckline/major resistance then we would see a very bullish move
💸Current Price -- $8.19
📈Target Price -- $15.67
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#ZEN #Cryptocurrency #Breakout #DYOR
power zenCurrently, ZEN is maintaining its position according to the BTC movement, the first resistance zone will be $ 15-16, then it can reach $ 40 quickly.
ZENUSDT: Bullish TrendZENUSDT Currently moving in downtrend and forming LLs and LHs but there is a strong Bullish divergence on 30mnt time frame, so its possibility of the bullish trend, if ZEN break the previous LHs, this is the confirmation of the bullish trend and other side ZEN maybe formed LHs and break the LLs its still in downtrend so we have both trades:
1st Bullish Trade:
If break the previous LHs we take long ride with SL and TP-1 and TP-2
2nd Bearish Trade:
If break the previous LLs we take a short ride with SL and TP-1 and TP-2
Horizen $ZEN log chart long term lookLong term look at ZEN, which has a fixed supply of 21 million coins
Resistances and Support shown
My entry is shown on the chart
ZEN $18 Soon: Momentum is Changing 🚀 Yooo everyone, let's analyze my favorite coin, the ZEN/USDT pair, on the daily time frame. Let's dive in 🤿
1) We can clearly see that a Descending Triangle has been formed, and the $9 resistance level was breached. Although a Descending Triangle is typically a bearish pattern, it can sometimes break upward and give us a bullish scenario. Currently, we are in a bullish scenario. We can clearly see that ZEN broke $9, confirming the pattern accuracy for future growth.
2) Currently, the Descending Triangle in this scenario is serving as a reversal pattern because we dumped in April and then formed a reversal formation triangle. If the dump continues after this formation, it will look like a continuation pattern.
3) About the target: Changing momentum from a downtrend to an uptrend can lead us up to $18 per ZEN, similar to the short-term cycle in February when it broke out from $9 to $18.
4) We also used the Williams Alligator trend indicator. We can clearly see the Green (lips) line crossed the Red (teeth) line, and the Red (teeth) line crossed the Blue (jaw) line. When the Green (lips) line and the Red (teeth) line move away from the Blue (jaw) line and the Blue line follows the same direction, it means the alligator has opened its mouth, indicating a full-blown upward trend. Just like in the previous April trend, we had the same Alligator signal and the price jumped up to $18.
Horizon Bullish divergenceI expect Zen to exhibit a bullish divergence, indicating a strong upward movement from its current level.
Horizen | Horizenusdt | zenusdt | zen key levels Horizen | Horizenusdt | zenusdt | zen key levels
Bullish Trigger for Zen is Opening above $9.3
$10.9 nearest tgt/resistance
sl $8.1 + buying point
ZEN OUTLOOKThe 1-hour time frame shows that Zen is making a higher high, indicating a bullish movement. Therefore, I have taken a long position.
Zen LongThe rejection of support at this level suggests a favorable opportunity to enter a long position.
Zen bullish The Zen market is showing bullish signs as it breaks through the resistance level. I anticipate a significant increase in price.
ZEN LONGZen rejects the downward movement on the one-hour level and is likely to move upwards on a lower time frame.
#ZEN/USDT#ZEN
The price is moving in a bearish channel on a 4-hour frame, which the price adheres to and is expected to break to the upside in an upward manner
It is expected that the Moving Average 100 test will be retested
We have a major support area in green at level 11
The RSI indicator has a downtrend that is expected to break higher
Entry price 12.62
The first target is 13.70
The second goal is 15.85
Third goal 17.75
ZEN/USDT Retesting its Previous Support for a Rally (Short term)💎Today's spotlight is on #ZENUSDT as it's priming for a bullish leap from a key support zone, hinting at a potential rally toward the above supply zone.
💎 Our last forecast nailed it, bagging a whopping 60% profit for our traders! Now, $Horizen is teasing us again, hovering near a vital $11.67 support line. This drop in trading volume? It's like the calm before the storm, suggesting a bullish spree might just be kicking off from $11.67, with a spike in activity hinting we're onto something big.
💎But if #ZEN decides to take a dip below this crucial support, don't panic —we've got plans. We're eyeing a bounce back from $9.2 next. If LSE:ZEN hesitates to jump back on the bull train from there, we might see it slide even more.
💎We always strategies and be flexible in this game as we cruise through #ZEN's market twists and turns. Join us on this journey now
ZEN/USDT Ready to Ride after a Price Reset? 👀🚀ZEN Analysis💎Paradisers, let's take a moment to assess #ZENUSDT, which has been navigating through a descending channel, revealing dynamic market trends.
💎At this juncture, #Horizen is making strides towards the descending resistance, propelled from the demand zone. This sets the stage for a potential rebound from this zone, potentially initiating an upward trajectory, with sights set on the bearish Order Block (OB) as the upcoming milestone.
💎However, should LSE:ZEN not achieve the anticipated bounce and instead descends below the demand zone, we might witness a fallback to the Bullish OB region around the $9.52 mark, where it could rally for another upward attempt.
💎The Bullish OB zone has historically been a pivotal area for catalyzing significant market recoveries upon engagement. Yet, a failure of this zone, indicating a shift towards bearish trends, may lead to a continuation of bullish momentum from a diminished position.
💎In case #ZEN doesn't harness the momentum from this or any subsequent level, a persistent decline might ensue. Rest assured, Paradisers, your ParadiseTeam is vigilantly monitoring these shifts, ready to navigate you through these intricate market dynamics.
Horizen (ZEN) - Long Term Bullish!ZEN's Total Market Cap has a massive room for potential growth!
Target= $30.98
Major Resistance= $22.50
Current Line of Resistance= $15.67
Line of Support= $12.27
Weekly candles haven't closed above the Line of Support atm, soon as we get a weekly buy candle close above the $15.67 mark. Price will push to: "$22.50" without ease.
ZEN LOOKS BULLISHWave B is over. It can now enter the bullish wave C.
By maintaining the green range, it can move towards the targets.
The targets are clear on the chart.
Closing a daily candle below the invalidation level 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
ZEN currency analysisZEN currency analysis
It has eaten a lot of volume in the weekly time frame and has started a good trend, the targets are clear
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.
ZEN QUICK SHORTZen is exhibiting bearish divergence on the RSI, indicating a potential downward movement. Therefore, I have decided to initiate a short position.
