Price moving out of recent downtrend
Short term EMA's pointing up
6.3c looks to be the key level to watch
Will probably see some kind of resistance at the 200EMA level
Might need to make more of a base
After breaking through the resistance with force, we now have to see if there is some meat to this pump, or whether it was just a classical pump & dump.
ZEN Definitely has the potential, so to know from a technical analysis point of view whether this pump is stable, I want to see some support at the $8 level where it previously found resistance.
The next place...
This is just the harmonious curves resulting in the geometric averages between highs and lows of historical cycles.
You should use this as a baseline to buy and sell BTC, depending on your event horizon (in time).
This is more of a HODLer or LONGer investment plan than short, but it should provide a baseline to you.
Also, I'm not a technical analyst, I just like...
ZEN is inside a falling wedge, though it doesn't invalidate this trade as I think this is the reversal for a start of uptrend, low circulation supply and low cap how it is I wouldn't be surprised to see it fly. The 200 EMA is above our final target.
Long waited to see ZEN reach this box and good news is the hidden bullish divergence on the daily chart.
It can be seen that a decision occurred on around january 28th 2018. This is a pivotal event horizon of all trend lines of the last 6 months. Now bitcoin price is moving past all measured trends lines which were established during the december rise. It seems major groups of traders (people, bots and Big Data A.I.) had their vision set on certain linear movements...