ZEN is gearing up for a potential bullish blastoff! 🚀
💎 Paradisers, #ZEN is approaching a bullish Order Block (OB) + Demand area, which is further reinforced by a supportive trendline.
💎If #ZENUSDT breaks out above the resistance level from this point, we can anticipate a bullish movement up to the next resistance levels. It would be ideal if the price forms a bullish pattern here, such as a 'W' pattern, cup and handle, or an inverse head and shoulders.
💎However, in the event of a breakdown of the bullish OB, demand area, and supportive trendline, it will be considered bearish. In this scenario, I prefer to stay out of the market, as I am not interested in engaging on the bearish side for now.
💎If #ZENUSDT breaks out above the resistance level from this point, we can anticipate a bullish movement up to the next resistance levels. It would be ideal if the price forms a bullish pattern here, such as a 'W' pattern, cup and handle, or an inverse head and shoulders.
💎However, in the event of a breakdown of the bullish OB, demand area, and supportive trendline, it will be considered bearish. In this scenario, I prefer to stay out of the market, as I am not interested in engaging on the bearish side for now.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.