LONG #ZENUSDTLONG #ZENUSDT from $11.876
15m TF. The ZEN asset has formed a symmetrical triangle pattern, and the buyer's activity has increased over the past few days. Volumes have increased (DV - 105 million).
An additional factor for the upward movement is several resistance levels, behind which there are stop losses of short participants. I expect accumulation and long movement to the upper resistance levels.
ZENUSDT trade ideas
ZEN ANALYSIS🔮 #ZEN Analysis - Breakout 🚀🚀
💲 As we said earlier #ZEN performed the same. Also there is a breakout of rounding bottom pattern. Now we can see a little retest from its resistance 1 zone and after that a bullish move would be seen
💸Current Price -- $9.70
📈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
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
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
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.
#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.