Continuing along the theme that the best opportunities are found in alt-tokens…
On the above 2-day chart price action has corrected 80% since May 2021. A number of reasons now exist to be bullish , including:
1) The ‘incredible buy’ signal.
2) Regular bullish divergence . Multiple oscillators are currently printing positive divergence.
3) Price action tests...
Making a new YTD high (and above everything since 2018..)
Similar to other charts, showing an ugly candle based on BTC recent activity.
Anyway, retesting breakout level and looking for a flip as signal of continuation..
Willing to take the trade if flip happens
ZEN had a great recovery looking at the ZEN/BTC chart.
Looking at the support and resistance lines we see that we currently did hit a resistance line.
Since we are extended that much one would think we will see a short term pullback.
We also can see a failed bullish Head and Shoulders pattern.
- Never buy the top/ATH
- Take profit as long as you...
Anything backed by Grayscale is worth paying attention to, and ZEN is one of those projects. One of the biggest ones in terms of privacy and with big backers. Potentially it could be listed on Coinbase and I will also present those coming next on Coinbase based on my opinion. The ZENBTC charts looks a bit like ADABTC before the key breakout (on lower timeframes),...
Nice R/S flip over ~110k sats level and 10% up already on the daily (30% since UCTS 12H buy signal)
Long way to go for this one, not even above this year highs👀
At least aiming for continuation toward ~160k sats seems reasonable.. Let see how it goes but looks good!
ZEN has a lot of new DeFi partnerships and I see it fundamentally bullish. Every market has to cool down regulary. From my personal bullish perspective here is the moment where the chart turns into an uptrend again and surpass 0.000162. As you can see in the chart, here were the highs in the past and the RSI is also bullish.
Switched to a Buy once again on the 12H (usually strong) & across all HTFs
Looking for a 1st interaction w/ 125k sats resistance level and if manage to break above it, then '20 highs.. (30%)
Volume for now looking kinda weak so careful..
As you can see in the chart above, Horizen (ZEN) has broken its descending Trendline, and I'm looking forward to seeing it touch the 0.618 Fibonacci level.
I will update the Fundamentals and the ZENUSDT on the next Idea.
What is your opinion? Comment below.
If you like the idea,...
Good things happening for the Altcoins/Cryptocurrency markets... Today, Horizen (ZENBTC) hit a new high compared to Nov. 2020 after a higher low.
This is great news because it signals that many of the other altcoins will also move higher and hit new highs, which opens the door for even more growth.
This is the same chart I drew on Jan. 10 but updated:
Horizen (ZEN) is rally on strong momentum to the ATH and just hit another resistance target with possible small pullback. Check video for latest thoughts on this project that is backed by Greyscale.
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