ZEN/USDT : Bullish Momentum Confirmed with AB=CD Pattern

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The ZEN/USDT pair has successfully completed an AB=CD bullish pattern, signaling further upside potential. Here’s a refined summary of the technical analysis :

Current Market Status :

Price Movement : ZEN has been trading sideways, forming a well-structured AB=CD bullish pattern.

Trend Confirmation : A break of higher highs (HHs) confirmed the bullish trend, triggering active trades.

Key Resistance Levels :

Immediate resistance at $12.50 (previous swing high).

Secondary resistance at $13.80, aligning with Fibonacci extensions.

Support Levels :

Key support at $11.20, corresponding to the consolidation zone before the breakout.

Stronger support at $10.75 if the price retraces further.

Trade Summary :

Trade Activation : Long positions were taken upon confirmation of the AB=CD breakout.

Target Reached : Trade successfully hit the take-profit (TP) level at $12.50.

Indicator Analysis :

RSI : Remains in bullish territory, showing strong momentum.

Volume: Increasing buying volume supports continued bullish sentiment.

Pro-Tip for Investors :

Next Opportunity : Look for retracements to the $11.20 support zone for new long entries.

Risk Management : Tighten stop-loss levels near $10.90 to protect gains.

Conclusion :

ZEN/USDT is riding a bullish wave, validated by the AB=CD pattern and breakout to new highs. With the trade target already achieved, investors should watch for pullbacks to re-enter and aim for higher resistance levels.

🚀 Ride the trend but manage your risks for sustained success!