ZENUSDT → Bullish potential in the red market. Break of 10.0 ↑

6 июл.ZENUSDT demonstrates a rally and a retest of the range resistance in the form of a false breakdown, only that does not lead to a fall. The price is forming a pre-breakdown consolidation. With the breakout of 10.0, the growth may continue



On H4, a reversal pattern is forming within the framework of which, while the cryptocurrency market was falling, zen was testing resistance. A false breakout and liquidity capture is formed. This maneuver does not lead to a fall, and the market goes into a state of consolidation, the nature of which resembles a pre-breakdown.
There are no fundamentals, the market follows the flagships, which fall because of some problems. Bitcoin is dragging everyone down due to the sale of a large number of coins by Germany, and the debt repayment by Mt.Gox exchange, which has destabilized the situation in general.

Resistance levels: 9.79-10.0
Support levels: 9.35, 8.8, 8.14

In this case, it is acceptable to use a breakout strategy against resistance at 9.79-9.87. But, if the structure will be broken, the price, in order to increase the volume before the growth may head towards the support.

Regards R. Linda!

6 июл.

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Pre-breakout pattern.
The price is still in the consolidation phase

9 июл.

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The first test of 9.79 leads to a false breakdown and fall (the second scenario), within which the price reaches the key support at 8.14.
And, as I pointed out, a bounce from 8.14 is formed to 10.0. The market is testing resistance for a breakout move

From 8.14 an excellent 20% move is forming.
A consolidation above 10.0 will signal that the market is ready to continue rising.

9 июл.

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The resistance breakout took place

10 июл.

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Realization of the setting and change in the nature of the movement. Retest 11.0

10 июл.

Сделка закрыта: достигнута тейк-профит цена

Target 1 reached
+43%

13 июл.

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+50%

14 июл.

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ZEN prepares to go even higher on the back of Bitcoin's rise

15 июл.

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Continuing to hold
The rally is not over

18 июл.

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ZEN is consolidating above a key level. Getting ready to go even higher....

22 июл.

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ZEN updates the high to 13.4
All emphasis is on the support at 11.6. If the bulls hold this zone, the coin could go to the ultimate target