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Zenusdt

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
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by ZEUS_Market_Alerts
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
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by ZEUS_Market_Alerts
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.
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by odbashWizard
4
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
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by MyCryptoParadise_Simon
3
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.
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by MyCryptoParadise_Simon
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.
by MyCryptoParadise
ZENUSDT.1DUpon reviewing the daily chart for ZEN/USDT, I observe the following from a technical analysis standpoint: Bollinger Bands (BB): The price has made a decisive move above the upper Bollinger Band, which is often considered a signal of strong bullish momentum, although it can also suggest overbought conditions. The price extending above the band could mean that we're experiencing a period of high volatility. Zig Zag Indicator: The Zig Zag lines show significant peaks and troughs, indicating a highly volatile market for ZEN. The latest movement shows a sharp increase in price. Relative Strength Index (RSI): The RSI is currently around 68.45, which is nearing the overbought territory (70 and above), suggesting that the asset may be becoming overbought. However, it's not uncommon for the RSI to remain in overbought territory during a strong trend. Moving Average Convergence Divergence (MACD): The MACD line is above the signal line and the histogram is positive, both of which suggest bullish momentum. The widening gap between the MACD line and the signal line emphasizes this bullish sentiment. Volume: Again, volume isn't visible here, but it would be important to correlate the price movements with volume for confirmation. High volume would add confidence to the bullish signals. Conclusion: Based on this chart, I sense a strong bullish trend, underscored by the recent breakout above the upper Bollinger Band and positive MACD. However, given the RSI's proximity to the overbought zone, I would be cautious about a potential pullback or consolidation in the near future. My strategy would be to consider taking some profits while setting a trailing stop loss to protect from a downside. If I were looking to enter a new position, I would wait for a potential retracement or consolidation to avoid buying at a peak. It's crucial to monitor the RSI and MACD for signs of weakening momentum and be ready to adjust my position accordingly. Remember, while technical analysis can guide decisions, it's also important to consider fundamental factors and market news that could affect the price action.
by MarsSignals
ZEN/USDT Primed for a Bullish Rally? 🚀👀 ZEN Analysis💎ZENUSDT is currently showcasing dynamic market movements, poised for a potential breakout from its descending channel pattern. 💎At present, #Horizen is experiencing lateral consolidation within a demand zone, which was once considered a supply area. There's a significant chance for the price to rebound from this zone and initiate an upward trend, aiming for the bearish OB area as its next milestone. 💎If ZEN does not manage to rebound and instead dips below the demand zone, it might regress to the Bullish OB area, around the $7.70 mark, in search of renewed impetus for an ascent. 💎The Bullish OB area has historically been a catalyst for notable recoveries upon its testing. Yet, a breach of this zone, affirming a bearish trajectory, could lead ZEN to seek bullish signals from a further depth. 💎Failing to find upward momentum from this subsequent level could perpetuate a downward trend for ZEN. Rest assured, we are here to navigate you through these market shifts.
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by MyCryptoParadise_Simon
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
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by VectorAlgo
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
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by ZEUS_Market_Alerts