Zen is on a huge support and confirming his strength. It´s a great buy right now, but if you like to lower the risk, you can wait for the potentially lower price of 15,5 USD. That seems like the best buy level.
We should test the resistance line of the descending triangle around 26 USD, that is 67% gain from a recent price. On the other hand, 13,8 needs to be considered as an SL level. That gives us a unique 1:6 RRR.
Stochastic is getting into an oversold zone on daily and is massively oversold on weekly as well. That´ s confirming the move up.
Zone of 19-20,5 has to be considered as a huge resistance, so once we reach 19, I am moving my SL to break even.
Enjoy!
We should test the resistance line of the descending triangle around 26 USD, that is 67% gain from a recent price. On the other hand, 13,8 needs to be considered as an SL level. That gives us a unique 1:6 RRR.
Stochastic is getting into an oversold zone on daily and is massively oversold on weekly as well. That´ s confirming the move up.
Zone of 19-20,5 has to be considered as a huge resistance, so once we reach 19, I am moving my SL to break even.
Enjoy!
Trade active:
Zen just reached the accumulation zone - 15,5 USD
Trade closed: stop reached:
The big BTC move made a lot of panic in alts. Zen is on it´s SL - lowest price of this year so far