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ZENUSDT trade ideas

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