BINANCE:ZENUSDT is forming a prolonged bearish wedge. Numerous resistance retests are inconclusive except for the last one. Against the backdrop of falling bitcoin, ZEN is showing strength.
The price after testing the bearish trend support consolidates and stops under the resistance at 9.66, forming an ascending triangle. Over the course of several weeks, price consolidates and continues to push up against resistance. At the moment of volume surge, the price moves from the accumulation phase to the phase of realizing the potential. A breakout of resistance and a bullish impulse is formed. A retest of the previously broken boundary or consolidation above 9.66 may be formed soon, which may give an opportunity to enter the market at a better price. It is also worth noting that the price is breaking the moving averages and this may indicate a trend change.
Support levels: 9.66, the previously broken trend boundary Resistance levels: 11.4, 15.12 I expect the growth to continue after the breakout of 9.66. Medium-term outlook - strengthening to 15.12.
Privacy seems like will get a great narrative run soon
aldrinsantiagora
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muy mal este trade...
SwallowPremium
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Very quality chart, thanks for your amazing job!!
PriceActionHelp
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I'd suggest to stop doing something on the chart but you may take it the wrong way..
RLinda
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@PriceActionHelp, can you try to put it more clearly so I can get it right.
PriceActionHelp
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@RLinda, I meant using the comment bubbles. The thin black line (a part of the bubble) often looks like an extension of a wick/candlestick and it's confusing when watching the chart. It may be better to avoid it or at least change the color.