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PolarHusk
Sep 14, 2020 1:28 PM

ZEN/BTC (Retest Recent Low Support?) 

Horizen / BitcoinBinance

Description

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




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Comments
janicecarrington123
nice chart... carry on
PolarHusk
Guapeva
Good analysis, interesting view
PolarHusk
@Guapeva, thanks a lot :)
prfardin
nice chart bro!
can you take a look at lsk/usdt or lsk btc?!
i need it!
PolarHusk
@prfardin, ur welcome, msg sent :)
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