ZENUSDT.P trade ideas
#ZEN/USDT#ZEN
The price is moving in an inverted trumpet pattern and sticking to its limits well
A breakout is underway
We have stability above the green support area at the $7 level
We have a higher stability Moving Average 100 in red
We have an uptrend on the RSI that the price is following well
Further upside is supported
Entry price is 11.66
First goal 13.23
Second goal 15.09
Third goal 17.47
ZENUSDT | 1W 👀The coin has shown relatively good growth dynamics and has broken out of the descending channel with a breakthrough of the trend resistance (upper boundary).
It's better to limit risks in this case.
- Not financial advice, trade with caution.
✅ Stay updated on market news and developments that may influence the price of Horizen. Positive or negative news can significantly impact the cryptocurrency's value.
✅ Exercise patience and discipline when executing your trading plan. Avoid making impulsive decisions driven by emotions, and adhere to your strategy even during periods of market volatility.
✅ Remember that trading always involves risk, and there are no guarantees of profit. Conduct thorough research, analyze market conditions, and be prepared for various scenarios. Trade only with funds you can afford to lose and avoid excessive risk-taking.
#Crypto #Horizen #Investment #ZEN
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.
ZENUSDT IDEAUPDATE
Broken Falling Wedge in Weekly Time frame Positively.
If holds over broken level, 100-120% increase in price may be seen
COIN DETAILS
Horizen (ZEN) Price today is $10.37, for the last 24 hours 964,463 ZEN coins were exchanged with a trading volume of $10,004,091. It's currently traded on 21 exchanges. The price is down by (-0.75%) for the last 24 hours. It has a circulating supply of 7 million ZEN coins and is ranked #393 by current Horizen market cap of $75 million.
ZENUSDT.PHM signal v3.0 (High momentum) spotted. Looking good with previous wave up with increasing volume and momentum.
- Heathy retracement and support well at good level @ 10.087-10.330
- Trending slow and steady if able to hold above the support zone
It is at extremely good reward to risk level now if able to hold above the support level.
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.
ZEN will continue to go up after the PullbackZEN will continue to go up after the Pullback.
🔵Entry Zone 10.34 - 10.89
🔴SL 9.39
🟢TP1 11.33
🟢TP2 12.98
🟢TP3 14.29
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
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ZEN/USDT - Zen Magic is waiting to happen | +340% Profit Scope🫰#ZEN/USDT - Description
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+ 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.
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VectorAlgo Trade Details
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Entry Price: 8.76
Stop Loss: 7.49
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Targets 1: 9.18
Targets 2: 9.62
Targets 3: 10.38
Targets 4: 11.76
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Timeframe: 4H
Capital: 1-2% of trading capital
Leverage: 5-10x
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Enhance, Trade, Grow
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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 .