Chibuike_Odoh

ZENUSDT - Descending channel

BINANCE:ZENUSDT   Horizen / TetherUS
ANALYSIS 🔎
- ZENUSDT is printing a descending channel .
- Price is testing the descending channel resistance.
- The minor uptrend is supported by an ascending trendline support.

POSSIBLE PRICE ACTIONS
- Bullish ⬆️: breakout above the descending channel's resistance.
- Bearish ⬇️: breakdown below the ascending trendline support.

TARGETS 🎯
- Bullish ⬆️: horizontal resistance levels (R1, R2).
- Bearish ⬇️: horizontal support level (S1), descending channel support.