Very little overhead pressure (small pink maybe) until about 7900 sats and that's 44%, also supported by the IchCloud.
Next resistance is 100% (higher pink).
ZEN broke and held the 100MA (blue MA), and a steady gradual growth, coming off a potential "bottom" cleanly with no square up's below.
Lots of marketing and interviews being pushed.
Easy place to hide a SL under at 11-12% under the 50MA (yellow) but even 10% puts you just under every wick since Oct 29th.
Need some Vol to help support but great R:R from here.
Next resistance is 100% (higher pink).
ZEN broke and held the 100MA (blue MA), and a steady gradual growth, coming off a potential "bottom" cleanly with no square up's below.
Lots of marketing and interviews being pushed.
Easy place to hide a SL under at 11-12% under the 50MA (yellow) but even 10% puts you just under every wick since Oct 29th.
Need some Vol to help support but great R:R from here.
Comment:
On lower time frames (1hr and 4hr) ZEN retraced back to the 50 where 1/3 of my staggered buy orders were set (1/3 @ the 618 and another 1/3 at the 786).
I will not be chasing the trade as this is a break in the rhythm of the previous moves mentioned above.
We may have a chance to add if this weak volume push comes back and proves another opportunity.
Don't FOMO, there are many other opportunities.
-Plan your Trade. Trade your Plan-
I will not be chasing the trade as this is a break in the rhythm of the previous moves mentioned above.
We may have a chance to add if this weak volume push comes back and proves another opportunity.
Don't FOMO, there are many other opportunities.
-Plan your Trade. Trade your Plan-
Comment:
Half way to our first resistance!
Breaking down the last 12 hours, we saw a strong push capped by weak sell pressure.
We are again showing buying pressure as the we see a retest of the previous highs and the appearance of multiple Dogi's on the 1hr and increasing weakness int eh sellers on the 4hr.
Aggressively this could be a place to add but there is no confirmation that this pull back from the over bought RSI is finished.
I'll be waiting for some volume and green at least on the 4hr before I consider an add here. There's still approx 10% from here to our first over head resistance.
Breaking down the last 12 hours, we saw a strong push capped by weak sell pressure.
We are again showing buying pressure as the we see a retest of the previous highs and the appearance of multiple Dogi's on the 1hr and increasing weakness int eh sellers on the 4hr.
Aggressively this could be a place to add but there is no confirmation that this pull back from the over bought RSI is finished.
I'll be waiting for some volume and green at least on the 4hr before I consider an add here. There's still approx 10% from here to our first over head resistance.
Comment:
and a closer look at the 1hr for reference.
Comment:
That didn't take long!
The second target, and more serious resistance, was hit almost perfectly on a huge spike in volume breaking 11k sats and netting a solid return for anyone that hung on after the first target.
There has been a change in the depth of retracements, a lack of retests and gradual growth that have been consistent since mid October.
Is it a run-away train and going higher or going to show up proper market structure and provide another opportunity?
Will be watching ZEN to come back for another trade and I'll be waiting for clean rejection off the triangle at that time.
The second target, and more serious resistance, was hit almost perfectly on a huge spike in volume breaking 11k sats and netting a solid return for anyone that hung on after the first target.
There has been a change in the depth of retracements, a lack of retests and gradual growth that have been consistent since mid October.
Is it a run-away train and going higher or going to show up proper market structure and provide another opportunity?
Will be watching ZEN to come back for another trade and I'll be waiting for clean rejection off the triangle at that time.
Each previous push has retraced down to the .618 or more, often the .786 but once even back to below the entry. Setting an alert for the 618 of this move at 5426sats