💎 ZEN has successfully broken out of the major falling wedge pattern, indicating a bullish momentum and a potential continuation of upward movement.
💎 Examining the price action prior to the breakout, ZEN has tested the demand area thrice. This area has consistently sustained ZEN, preventing further decline and reverting it back to the key support area. This led to a period of sideways movement for several weeks, which can be interpreted as an accumulation area. Now, ZEN has successfully navigated beyond the major constraints of the falling wedge pattern.
💎 Given the breakout from the pattern, there’s a potential for ZEN to establish a new higher high, considering the key support area previously marked the bottom for ZEN.
💎 However, this scenario would be invalidated if ZEN were to close below the key support on the weekly timeframe.
Trade closed: target reached
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Boom! #ZEN is doing just what we said. Up 48.72% and looking good!