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ZENUSDT.P trade ideas

ZEN/USDT Trading ScenarioZEN has been trading within a sideways range for over 630 days, hovering near price lows around the $5.52 mark. During this period, significant volume accumulation has been observed, as confirmed by the volume profile. Additionally, a notable increase in trading volume has occurred during the formation of this range. As the accumulation phase nears its end, with the onset of altcoin season, there is potential for an upward breakout and subsequent strong price growth. In the current price zone, a buying opportunity may be considered, holding the main position until the 0.5 Fibonacci level or higher, with partial profit-taking along the way.
by Rick_SimpleSwap
ZEN has a bearish patternOn the chart, in large time frames, you can see a large QM on the chart, which can give us a good trading setup. The right shoulder of QM is also completed. In this shoulder, you can look for close supply ranges. We will look for sell/short positions in the specified supply range. The targets are marked on the chart Closing a daily candle above the invalidation level 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
1
ZENUSDT → Bullish potential in the red market. Break of 10.0 ↑BINANCE:ZENUSDT demonstrates a rally and a retest of the range resistance in the form of a false breakdown, only that does not lead to a fall. The price is forming a pre-breakdown consolidation. With the breakout of 10.0, the growth may continue On H4, a reversal pattern is forming within the framework of which, while the cryptocurrency market was falling, zen was testing resistance. A false breakout and liquidity capture is formed. This maneuver does not lead to a fall, and the market goes into a state of consolidation, the nature of which resembles a pre-breakdown. There are no fundamentals, the market follows the flagships, which fall because of some problems. Bitcoin is dragging everyone down due to the sale of a large number of coins by Germany, and the debt repayment by Mt.Gox exchange, which has destabilized the situation in general. Resistance levels: 9.79-10.0 Support levels: 9.35, 8.8, 8.14 In this case, it is acceptable to use a breakout strategy against resistance at 9.79-9.87. But, if the structure will be broken, the price, in order to increase the volume before the growth may head towards the support. Regards R. Linda!
Long
by RLinda
8
Will #ZENUSDT's Bullish Reversal Hold or Collapse?Yello, Paradisers! Is #ZENUSDT about to make a bullish reversal from a key support level? Let’s dive into the analysis. 💎#ZENUSD is showing a strong probability of a bullish continuation from a significant support zone. We've observed #ZEN consistently respecting the descending resistance. Recently, it broke upward and completed a retest phase. Currently, it’s respecting internal resistance at $9.87. If it successfully breaks above this level, there’s a high probability it will take a bullish ride to mitigate the above resistance. 💎The bullish probabilities are strong due to the formation of strong engulfing candles, the breakout of a strong descending resistance, and the creation of bullish momentum at key support levels. 💎However, as astute traders, we must consider all probabilities. What if the price fails to ascend from the support at $8.61 and loses momentum? This scenario would clearly indicate that seller sentiment is in control, and #ZEN could drop significantly. 💎Stay focused, patient, and disciplined, Paradisers.The next move is crucial, and we must be prepared for both outcomes. Always remember, consistent profitability comes from strategic trading and managing risks effectively. Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
4
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
Long
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
Long
by ZEUS_Market_Alerts
ZENUSDT: Bullish TrendZENUSDT Currently moving in downtrend and forming LLs and LHs but there is a strong Bullish divergence on 30mnt time frame, so its possibility of the bullish trend, if ZEN break the previous LHs, this is the confirmation of the bullish trend and other side ZEN maybe formed LHs and break the LLs its still in downtrend so we have both trades: 1st Bullish Trade: If break the previous LHs we take long ride with SL and TP-1 and TP-2 2nd Bearish Trade: If break the previous LLs we take a short ride with SL and TP-1 and TP-2
Long
by mudusir
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.
Long
by odbashWizard
4