Hi all. Timeframe 1 week. ZENUSD is globally in an ascending channel, consolidating at support. I consider going long during a breakout/retest of a trend line. Marked key levels and goals on the chart.
I am not going to make a price prediction for this one but I would like to do a projection of the next bull market.
The bullish and bearish phases are stuck together.
As soon as prices go up, they start to come crashing down and the proceeding consolidation phase is the major part.
Most of the time Horizen is going sideways, consolidating and this is very easy...
Horizen's big picture is promising; an inverted wedge pattern, a big one. This means as prices move forward, bigger waves are possible. Currently, price is at the bottom of this pattern. Also, a big harmonic pattern has ended too. So, a tempting situation is forming. Let's see what happens.
The historical decline took place in the form of three Elliott waves and ended with a C wave, a five-year decline, an extension, so we are supposed to see a corrective rise in the form of three waves that take us to the shaded area, and it represents 50 Fibonacci of the entire historical decline, so we will see what happens
Note: The ascent fails if it breaks the...
ZEN USD
LOG CHART
4 HOURS
NETURAL
-ZEN is in a descending channel from most recent top.
-white circles on upper and lower channel. One of these will get hit.
-If we get above the Golden Line in the center, I think the upper circle will get hit, which will put zen at an position of possible rocketing towards $17+++
-If we go lower, I will try to catch some...
ZEN USD
1D Daily Chart
LOG CHART
Neutral.
-ZEN Is at the top range of a major multi month descending channel.
-Zen is also in the mid range on the upward ascending channel.
A break up the long term descending channel (WHITE) will send ZEN to the top range of the Ascending Channel (Yellow)
ZEN demonstrating volume predominance exhibited as a series of demand tests in the vertical bars. This may -- or may not -- denote a potential markup brewing on the horizon. As usual, take up to the 6.18 if the PA surpasses the first fib zone barrier with continued demand, but be cautious in holding past the 2.0% as we are still on shaky ground with Bitcoin. The...
BINANCE:ZENUSDT has been downing from ATH on May 2021.
Right now, ZEN is swinging around 39.
The correction wave might be done when wave C = 1.272 wave A.
After the correction wave's done, we hope a final impulse wave go up to 283.
Wait and see
If we zoom out - there is a clear flat in the middle of a larger structure. Such consolidations are typical in the middle of the waves B within larger flat patterns.
So, on daily, we have wave A, now in the mid of wave B, and it will be completed by a strong dump to test the end of wave A.
Two basic options:
- a running flat (higher high by the wave B and...
ZEN on top of trading channel and about to hit a major resistance. RSI past 70, but volume not showing enough bullish impetus to break resistance. If it does break resistance, it will pump hard to fill the gap.
looks great here. you can see it has bounced back up from the diagonal line and is preparing next weeks to break up. BTW Grayscale owns a ton of this coin. Wonder why
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(ZECUSD 1W Chart)
If the price holds above the 37.8826710 point, it is expected that the uptrend will continue.
(1D chart)
If the price is maintained in the range of 51.9057483-75.5574533, it is...
