You are late to the party at the moment, but not too late yet. There is a long term uptrend on ZEN that just had another higher low at our recent bottom. Lower time frames look like we should get a retrace, but have formed bullish trends on multiple indicators. 1hr CMF - just with bullish pattern though still negative, OBV in an obvious bullish trend and has broken sell pressure, Ascending triangle pattern forming too. Macd crossing bullish again. So after a pump we should see a retrace for a good buying opportunity as long as BTC does not kill everything. 4hr is all bullish, with indicators starting to trend high - retrace soon.
1 Day - this chart - is Extremely bullish. OBV turned up before breaking into below buying support. CMF in a bullish trend. Stoch high and curving back up. MACD low and bullish. A lot of good signals here.
If I was not already in a position, I would be layering increasingly larger buy orders through the volume support from .0026 - .0021. I find it highly unlikely we will see .0021 again, but if Market makers want to accumulate more they may try to push it down once more so worth the low order. Targets: .0035 / .004 / .0045 / .0054 based on previous resistance and volume.
Long term support now at about .00221 but a wick broke that by a long shot and came back up on the 27th. - So some super low orders just in case would be a good idea too.
This is not financial advice. I am not your adviser. These are my ideas and what I am doing. Sharing for educational purposes only.
1 Day - this chart - is Extremely bullish. OBV turned up before breaking into below buying support. CMF in a bullish trend. Stoch high and curving back up. MACD low and bullish. A lot of good signals here.
If I was not already in a position, I would be layering increasingly larger buy orders through the volume support from .0026 - .0021. I find it highly unlikely we will see .0021 again, but if Market makers want to accumulate more they may try to push it down once more so worth the low order. Targets: .0035 / .004 / .0045 / .0054 based on previous resistance and volume.
Long term support now at about .00221 but a wick broke that by a long shot and came back up on the 27th. - So some super low orders just in case would be a good idea too.
This is not financial advice. I am not your adviser. These are my ideas and what I am doing. Sharing for educational purposes only.
Comment:
All Targets achieved on this. See new ZEN idea:
