Based on the current ZEN coin candlestick chart and its technical trends, we can preliminarily draw the following analysis and forecasting direction:
BOLL channel analysis:
From the BOLL channel perspective, the current price has broken through the middle line and is running upwards, indicating that it may enter a rebound trend in the short term.
Upper band (UB): around 34, representing the first resistance level.
Lower band (LB): around 28.6, with strong support.
MA moving average observation:
The MA5 and MA10 moving averages show a slight upward divergence, with prices fluctuating upwards along the moving averages, indicating a short-term bullish trend.
The MA30 moving average is still above, indicating that the overall medium-term trend has not fully shaken off the downward pressure.
Yesterday's market review:
Yesterday's price touched the bottom and rebounded, market sentiment has warmed up somewhat, and combined with the candlestick pattern showing a small bullish line, today has the possibility of continued rebound.
II. Today's forecast and operation suggestions:
1. Price range forecast:
Forecast direction: Oscillating bias towards strong
Target range: 32.5 ~ 35 interval.
2. Support and resistance levels:
First support level (Zhiying level): 31.5
Second support level: 30
First resistance level: 34
Second resistance level: 35.2
3. Stop loss position:
Key stop loss: 29.8 (breaking this level may test the BOLL lower support again).
4. Practical operation suggestions:
Entry strategy: If the price retraces to the range of 31.5 ~ 32.0, consider gradually placing long orders.
Exit strategy: First target 34, if it breaks this level, it can be seen near 35.
Risk control: Strictly set stop loss below 29.8 to prevent unexpected risks.
From the overall trend, ZEN is currently in a bottom rebound phase, but the medium to long-term trend still requires stronger signal confirmation. It is recommended that conservative investors focus on buying on dips, but do not chase highs. Short-term traders can flexibly take profits based on key resistance levels. Remember, market risks still exist, so be patient and wait for confirmation signals before taking action!
Today's key strategy is: 'Use trend lines to find support, aim not to be greedy, and move steadily forward.'
Do you agree with this analysis? Feel free to share your views!
