ZENUSDT - POTENTIAL RETRACEMENT Short

Horizen / TetherUSBinance

Description

⋅ Jan 21, 2021 9:11 AM

ANALYSIS
- ZENUSDT brokeout above the previous ATH resistance.
- Price action is to printing a rising wedge pattern.
- RSI is a printing a bearish divergence signal.

SELL ENTRY ⬇️
- Breakdown below the rising wedge support.

TARGETS 🎯
- Fibonacci retracement levels
- Flip horizontal support (previous ATH).

SETUP INVALIDATION ❌
- Breakout above the rising wedge resistance.