📊 Technical Analysis Summary (ZEN/USDT):
1. EMAs (Exponential Moving Averages):
- The price is oscillating between the short and medium-term averages (EMA 7 to 50). The 200 EMA is at $14.60, acting as long-term support.
- Immediate support: EMA 50 at $22.96.
2. Ichimoku Cloud:
- The price is close to the lower edge of the cloud, suggesting selling pressure or a decision zone.
3. Volume Profile (VPVR):
- The highest volume visible in the $29.54 region, indicating significant resistance.
4. RSI (Relative Strength Index):
- RSI at 56.85, indicating neutral strength, with a slight positive trend.
5. Stochastic RSI :
- It is in the upper zone (71.39), suggesting overbought in the short term.
6. MACD :
- Slight bearish crossover, signaling loss of momentum at the moment.
🔎 Conclusion :
- Resistances : $29.54 (VPVR) and $32.50.
- Supports : $26.40 (EMA 21) and $22.96 (EMA 50).
- Overall trend : Neutral with slight bullish bias.
$ZEN The market is consolidating after a significant move.
🚀 Strategy :
- Monitor the break above $29.54 for a possible upward movement.
- Adjust stops below $22.96 to protect capital.
#CRIPTOHINDUSTAN #zen