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ZENETH

ZEN/BTC (Retest Recent Low Support?)BINANCE: ZENBTC -Horizen tested the previous swing low at 5560 sat range -We saw a good bounce but currently faces rejection by the trendline resistance -If ZEN will pullback, it will likely to retest the recent low and form a double bottom -A double bottom reversal will only confirm if the trendline resistance is broken up -This will take a few days so please be patient and wait for a safer entry -The ideal stop loss is placed under the green support line -And the upside potential is up to the recent swing top at 9953 sat ^Trading involves High Risk ^Not Financial Advice ^Please exercise Risk Management **If you like my daily Published Ideas **A little help by supporting my Channel **Through leaving a Thumbs Up, Comment & Follow **Happy Trading! --> Thank you! :)
by PolarHusk
6
There is a possibility for the beginning of an uptrend in ZENETHTechnical analysis: . Horizen/Ethereum is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 37. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.03900 to 0.03600). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.03900) Ending of entry zone (0.03600) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons: Take Profits: TP1= @ 0.04420 TP2= @ 0.05170 TP3= @ 0.05780 TP4= @ 0.06390 TP5= @ 0.07260 TP6= @ 0.08360 TP7= Free
ZLong
by ForecastCity
2
There is a possibility for the beginning of an uptrend in ZENETHTechnical analysis: . Horizen/Ethereum is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 37. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.03900 to 0.03600). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.03900) Ending of entry zone (0.03600) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons: Take Profits: TP1= @ 0.04420 TP2= @ 0.05170 TP3= @ 0.05780 TP4= @ 0.06390 TP5= @ 0.07260 TP6= @ 0.08360 TP7= Free
ZLong
by ForecastCity
4
There is a possibility for the beginning of an uptrend in ZENETHTechnical analysis: . HORIZEN/ETHEREUM is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 62. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.03790 to 0.03320). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.03790) Ending of entry zone (0.03320) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons: Take Profits: TP1= @ 0.04420 TP2= @ 0.05170 TP3= @ 0.05780 TP4= @ 0.06390 TP5= @ 0.07260 TP6= @ 0.08360 TP7= Free
ZLong
by ForecastCity
1