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ZENUSDT trade ideas

ZENUSDT 1W#ZEN is moving inside a Descending Channel on weekly chart. We had a volume spike last week and price has broke the weekly MA50, which is a bullish sign. #ZEN is trying to get out of the Ichimoku cloud. In the next step we have descending line and weekly MA100. Wait for breakout and then enter to this coin. Targets are: $16.70 $23.70 $29.35 $35.00 $43.05 and $53.30 If price goes like what I said, we will have a big rounding bottom, which is another bullish pattern. Let see what will happen next.
by Bithereum_io
ZEN/USDT - Zen Magic is waiting to happen | +340% Profit Scope🫰#ZEN/USDT - Description --------------------------------------------------------------- + ZEN just bounced back from the support + Now its just close to the resistance range around 8.6, this area is critical for the prize + Breakout from this resistance is critical for the next leg of the run. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 8.76 Stop Loss: 7.49 ------------------------------ Targets 1: 9.18 Targets 2: 9.62 Targets 3: 10.38 Targets 4: 11.76 ------------------------------ Timeframe: 4H Capital: 1-2% of trading capital Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Agree or Disagree with the ideas ? lets discuss in the comments. Like and follow us for more ideas. Regards VectorAlgo
Long
by VectorAlgo
Is ZEN likely to rise ?According to the failure of the RSI trend line, we expect that Horizon will have a strong upward trend, which is created more than anything due to the volume growth. The final goal can be the high static resistance line, although there is a possibility of correction down to 9.5 before growth. This view is strengthened when we see that it has been rejected many times at the level of 6.7. We consider the green arrows, the first time, and the red arrow, the second time, which form a double bottom. I hope it was useful & Thanks a lot .
Long
by mnmehr
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