BYBIT:ZENUSDT.P   ZENUSDT Perpetual Contract
Zen is forming a nice bottom formation on the 8hr time frame. There's a lot of bullish divergence at this level and I'm seeing the .618 as a nice target to stop out the shorts. $8.75 is the resistance level I'm keeping an eye on.

This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.