ZEN has made dreams come true yet again, if you followed my last idea it was good for an EASY 130% without even catching the retrace!! Check it out below:
So where do we go from here?
Well obviously after this much growth we expect a retrace, what goes up must come down...
After profitting from this majestic inverse head and shoulders, this potential bullflag might become the truth! since grayscale is disbanding their XRP fund, their ripple refugee's need somewhere to go. The investors with a certain risk appetite are flowing into $zen right now.
Zen has touched the top of the larger wedge and now is in a correction. Therefore the bias is short. We also have a bearish divergence on RSI.
Wait for price to touch at least the local support level marked by Fib 50% or more likely the support at 61.8% after such a parabolic increase - i.e. 100% increase.
$14 is a great buy area, but wait to confirm that level...
Zen has been seeing a spot of a downward wedge, ever since giving up the gains a couple weeks ago. We're seeing what looks to be a breakout from this wedge.
This could be pointing to a potential bullflag scenario, in which case the flag is looking like it's about to pop.
MACD is showing it's first bullish deviation in some time.
RSI is not overbought, but we...
ZEN-USDT today failed to breakout and price dropped below resistance line. Maybe we will see drop to 11.00-11.20 USD and then bounce back up to retest resistance line. After that 2 scenarios will appear - first is that price will sucessfully breakout and we will see decent pump, second - another failed breakout appears and price will drop back to...
There was pretty much only bullish "Ideas" here, thought I would share mine for a different perspective on things.
I personaly bought right before this bullrun, at 9.3 two weeks ago, and today at 10. Long term Horizen Hodler, but with a more realistic view of things.
Hope the "idea" helps you decide what you want to do next, personally I belive a bull market is...
$ZEN.X is trying to have a breakout, after previous attempts. IF the price will have a breakout According to Plancton's strategy (check our Academy), we can set a nice order
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h...