Zen has touched the top of the larger wedge and now is in a correction. Therefore the bias is short. We also have a bearish divergence on RSI.
Wait for price to touch at least the local support level marked by Fib 50% or more likely the support at 61.8% after such a parabolic increase - i.e. 100% increase.
$14 is a great buy area, but wait to confirm that level as support. The larger wedge that is forming is a bearish pattern and we need to break-up to invalidate it.
Let me know what other coins you want me to chart.
Like and follow!
Wait for price to touch at least the local support level marked by Fib 50% or more likely the support at 61.8% after such a parabolic increase - i.e. 100% increase.
$14 is a great buy area, but wait to confirm that level as support. The larger wedge that is forming is a bearish pattern and we need to break-up to invalidate it.
Let me know what other coins you want me to chart.
Like and follow!
📣 Find more Alpha by joining Your Crypto Community 🔰 LINKs BELOW 🔰
🔹 Over 5,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
🔹 Over 5,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀