I believe ZENBTC can make a Gartly harmonic pattern in weekly time frame. MACD is also getting positive. In daily time frame it could break MA200 validly.
ZEN/BTC -Horizen is currently trying to retest the recent top at 10k sat -It is crucial to buy at current market price -Because we don't know if ZEN can break this resistance area -I recommend waiting for the breakout confirmation -That will give us a strong bias that the uptrend is valid -You can either enter on breakout or retest (pullback) -Upside scenario is...
"never bet against a coin barry silbert puts his reputation on the line for" easy 200%+ by EOY, humbly.
$ZEN Retesting ~90k sats level as its trying to break from Symmetrical Triangle w/ UCTS Buy signal active on the 2D.. Waiting for a potential R/S flip at this level as sign of continuation toward ~112k sats or higher... #ZEN
Triangle is almost done Expect breakout soon
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IF GONNA CLOSE ABOVE GREEN LINE TO BECOME SUPPORT LINE THEN I THINK IT WILL GO HIGH
"History doesn't repeat itself, but it often rhymes" - Mark Twain
This pattern is very common when looking at the altcoins trading pairs (cryptocurrency). It looks like a "W" and works only when a higher low is present. The "W" Pattern Explained As prices drop and a low is hit, we get the first push up, followed by a drop that ends it in a higher low which signals that the pattern is complete. After the second push, we get...
Possibly the beginning of the fifth wave. Good luck to all. Not advice.
ZEN/BTC -looking at the weekly chart -this may be forming a bullish Inverse H&S pattern -the confirmation of this pattern is the break of neckline resistance -if this reversal setup will play out -most likely aggressive long term buyers are already scaling in the RS -while breakout traders are awaiting the neckline break confirmation -well, this is a long shot...
There is another ascending triangle forming at ZEN/BTC so its a safe bet at this price level. Let me know if you've got feedback! Always eager to learn! Thank you.