tumbler55

ZEN/BTC Failed H&S and currently hitting resistance

BINANCE:ZENBTC   Horizen / Bitcoin
ZEN had a great recovery looking at the ZEN / BTC chart.
Looking at the support and resistance lines we see that we currently did hit a resistance line.
Since we are extended that much one would think we will see a short term pullback.

We also can see a failed bullish Head and Shoulders pattern.



Basic rules:
- Never buy the top/ ATH
- Take profit as long as you can
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place

Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers

ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone . Check the description.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter