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ZEN

ZEN - Is It Time for a Correction?It appears that ZEN is in the process of forming a potential ABC corrective structure: Wave A and Wave B Context: Wave A (5 impulsive waves down) is complete, forming the foundation of this corrective pattern. Wave B retracement is currently unfolding, heading toward the golden pocket zone (Fib 0.618 - 0.666). If price extends further to Fib 0.786, this would offer the best short entry with minimal risk and high reward potential. Ideal Short Entry Zone: The golden pocket (Fib 0.618 - 0.666) is identified as the optimal area for initiating short positions. For added precision, consider laddering entries from Fib 0.618 up to Fib 0.786, especially during fast impulses. Wave C Target Zone: The projected Wave C target remains the 1:1 trend-based Fibonacci extension at $24.46, with the following key confluences: Anchored VWAP at $29 Point of Control (POC) from the old trading range Psychological level of $30 Fib speed fan 0.618 aligning with the support zone Trading Plan Short Setup: Ladder short entries in the Fib 0.618 - 0.786 zone, monitoring price action for confirmation. Aim for Wave C completion around the $30-$29 support zone Long Setup (Wave C Completion): Watch for signs of reversal at the $30-$29 support zone, which offers significant confluence for long entries.
Short
by SiDec
8
ZEN Skyrockets 244% – Is a Correction Around the Corner?ZEN has experienced an impressive +244% rally over the past 7 days, completing 7 consecutive bullish days. Key Resistance Levels: 0.618 Fibonacci Retracement: Reached for the entire structure (logarithmic scale), providing an ideal short entry. 0.666 Fibonacci Retracement: Located at $53.55, perfectly aligning with the previous significant swing high, further strengthening resistance at this level. Psychological Level: $50 serves as a critical psychological barrier. The rally suggests an imminent correction due to overextension. Multiple resistance levels indicate a high probability of price cooling off. Short Setup: Elliott Wave Completion: 5-wave structure appears completed, signaling the end of the bullish trend. Take-Profit Targets: First TP: $39.68 (Fib 0.618 of the current wave). Second TP: $33.74 (Fib 0.382 of the entire structure). Risk-Reward Ratio: Targeting 0.382 offers a +25% gain.
Short
by SiDec
1
#ZEN Ready to Make a Major Move From Key Support LevelYello, Paradisers! Is #Horizen (#ZEN) on the verge of a massive breakout or are we about to see a fake-out and a plunge? Let’s dive in: 💎#ZENUSDT is sitting at a crucial moment, testing the boundaries of a symmetrical triangle formation. After bouncing off the support zone of $6.94-$7.27, it’s showing signs of a breakout from this pattern. This breakout will increase the probability of a massive move toward internal resistance. 💎To confirm a move higher, #ZEN needs to clear $9.98—a critical internal resistance level. Breaking this could be the spark that ignites a rally towards the major resistance zone, potentially triggering a powerful upward push. 💎But if #ZEN starts losing momentum, watch out for a pullback to retest the support around $6.94-$7.27. A failure to hold this area would shift the outlook bearish, bringing the $6.05 demand zone into play. 💎A breakdown below $6.05 would signal the bulls are out of steam, and we could see further downside pressure. This invalidates the bullish setup, giving the bears complete control. Be patient, play it safe, and always wait for confirmed breakouts or breakdowns before jumping in. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
2
ZEN !!! System Signals LONG Entry Today !!!Today is a very special day for anyone interested in **ZEN (Horizen)** because the system is giving us a **perfect entry signal** that follows all the rules: - **Price is above the 200MA** - The **local top** has been broken - The **PSR (Parabolic Stop and Reverse)** has flipped bullish If the daily candle closes as expected, we can confidently enter a **long position**, with the **stop-loss** placed at the PSR level. Good luck to everyone entering long into the market—trade wisely! 🚀
Long
by vagada
ZEN/USDT Trading ScenarioZEN has been trading within a sideways range for over 630 days, hovering near price lows around the $5.52 mark. During this period, significant volume accumulation has been observed, as confirmed by the volume profile. Additionally, a notable increase in trading volume has occurred during the formation of this range. As the accumulation phase nears its end, with the onset of altcoin season, there is potential for an upward breakout and subsequent strong price growth. In the current price zone, a buying opportunity may be considered, holding the main position until the 0.5 Fibonacci level or higher, with partial profit-taking along the way.
by Rick_SimpleSwap
ZEN has a bearish patternOn the chart, in large time frames, you can see a large QM on the chart, which can give us a good trading setup. The right shoulder of QM is also completed. In this shoulder, you can look for close supply ranges. We will look for sell/short positions in the specified supply range. The targets are marked on the chart Closing a daily candle above the invalidation level will violate the analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
1
Will #ZENUSDT's Bullish Reversal Hold or Collapse?Yello, Paradisers! Is #ZENUSDT about to make a bullish reversal from a key support level? Let’s dive into the analysis. 💎#ZENUSD is showing a strong probability of a bullish continuation from a significant support zone. We've observed #ZEN consistently respecting the descending resistance. Recently, it broke upward and completed a retest phase. Currently, it’s respecting internal resistance at $9.87. If it successfully breaks above this level, there’s a high probability it will take a bullish ride to mitigate the above resistance. 💎The bullish probabilities are strong due to the formation of strong engulfing candles, the breakout of a strong descending resistance, and the creation of bullish momentum at key support levels. 💎However, as astute traders, we must consider all probabilities. What if the price fails to ascend from the support at $8.61 and loses momentum? This scenario would clearly indicate that seller sentiment is in control, and #ZEN could drop significantly. 💎Stay focused, patient, and disciplined, Paradisers.The next move is crucial, and we must be prepared for both outcomes. Always remember, consistent profitability comes from strategic trading and managing risks effectively. Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
4
ZEN/USDT Retesting its Previous Support for a Rally (Short term)💎Today's spotlight is on #ZENUSDT as it's priming for a bullish leap from a key support zone, hinting at a potential rally toward the above supply zone. 💎 Our last forecast nailed it, bagging a whopping 60% profit for our traders! Now, $Horizen is teasing us again, hovering near a vital $11.67 support line. This drop in trading volume? It's like the calm before the storm, suggesting a bullish spree might just be kicking off from $11.67, with a spike in activity hinting we're onto something big. 💎But if #ZEN decides to take a dip below this crucial support, don't panic —we've got plans. We're eyeing a bounce back from $9.2 next. If LSE:ZEN hesitates to jump back on the bull train from there, we might see it slide even more. 💎We always strategies and be flexible in this game as we cruise through #ZEN's market twists and turns. Join us on this journey now
Long
by MyCryptoParadise_Simon
3
ZEN/USDT Ready to Ride after a Price Reset? 👀🚀ZEN Analysis💎Paradisers, let's take a moment to assess #ZENUSDT, which has been navigating through a descending channel, revealing dynamic market trends. 💎At this juncture, #Horizen is making strides towards the descending resistance, propelled from the demand zone. This sets the stage for a potential rebound from this zone, potentially initiating an upward trajectory, with sights set on the bearish Order Block (OB) as the upcoming milestone. 💎However, should LSE:ZEN not achieve the anticipated bounce and instead descends below the demand zone, we might witness a fallback to the Bullish OB region around the $9.52 mark, where it could rally for another upward attempt. 💎The Bullish OB zone has historically been a pivotal area for catalyzing significant market recoveries upon engagement. Yet, a failure of this zone, indicating a shift towards bearish trends, may lead to a continuation of bullish momentum from a diminished position. 💎In case #ZEN doesn't harness the momentum from this or any subsequent level, a persistent decline might ensue. Rest assured, Paradisers, your ParadiseTeam is vigilantly monitoring these shifts, ready to navigate you through these intricate market dynamics.
Long
by MyCryptoParadise_Simon