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ZENUSDT trade ideas

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
ZEN/USDT Break out confirmed. Ready continue upward movement ?💎 Paradisers, #ZENUSDT has undoubtedly seized the market's attention. Presently, ZEN has made a successful breakthrough of a significant volume in the key supply area. This has led to ZEN entering a retesting phase in the demand area, which was formerly a supply area. While there's a possibility of ZEN returning to retest the demand area, any retracement is subject to market dynamics. 💎 However, if #ZEN manages to avoid revisiting the demand zone, it's well-positioned for continued upward momentum and could probability reach our target area. 💎 On the flip side, in the event that LSE:ZEN fails to rebound from the demand level during the retesting at $11, there's a risk of ZEN breaching the demand and descending to the lower demand area around $9. In such a scenario, it becomes critical for ZEN to stage a successful rebound from the $11 level if it intends to persevere in its upward trajectory. 💎 Should #Horizen experience a retracement to the lower demand area and fail to exhibit a rebound, it heightens the likelihood of breaching the demand area. Such an occurrence signifies a bearish turn in momentum and raises the prospect of ZEN continuing its descent, potentially revisiting the key support area.
by MyCryptoParadise
ZEN/USDT It is required break the resistance area to continue up💎 ZEN has certainly captured the market's attention with its notable rise. Recently, ZEN has achieved a breakout from the Ascending Channel pattern, surpassing the supply zone at the $8.57 mark. Currently, ZEN is experiencing consolidation within a significant resistance zone. 💎 For continued upward momentum, it's crucial for ZEN to breach this resistance zone; otherwise, it may retreat to the demand zone to gather additional strength for another upward push. A successful breakthrough at the $9.50 resistance level, with a candle close above it, would likely signal a sustained upward trend, the probability ZEN toward the projected supply zone target. 💎 Conversely, in a less favorable scenario, should ZEN return to the demand zone without demonstrating a bullish rejection or a bounce, it may indicate vulnerability at this level. A failure to hold the demand zone could lead to a re-entry into the Ascending Channel, suggesting a false breakout. This would likely initiate a bearish phase, with the potential for ZEN to regress towards the support zone.
by MyCryptoParadise
ZEN/USDT Break Alert, Bullish Momentum ?? Horizen Analysis TodayYello Paradiserzs, Bullish Momentum for #ZEN 💎 ZEN has successfully broken out of the major falling wedge pattern, indicating a bullish momentum and a potential continuation of upward movement. 💎 Examining the price action prior to the breakout, ZEN has tested the demand area thrice. This area has consistently sustained ZEN, preventing further decline and reverting it back to the key support area. This led to a period of sideways movement for several weeks, which can be interpreted as an accumulation area. Now, ZEN has successfully navigated beyond the major constraints of the falling wedge pattern. 💎 Given the breakout from the pattern, there’s a potential for ZEN to establish a new higher high, considering the key support area previously marked the bottom for ZEN. 💎 However, this scenario would be invalidated if ZEN were to close below the key support on the weekly timeframe.
by MyCryptoParadise_Nathan