$ZEN Market Analysis
You can really make 10x or More...
How you can do that following technical analysis and price action
Here all what you need to know 👌
Current Market Overview:
*24h Price Change: -2.49%
*24h High: $17.7719
*24h Low: $15.6995
*24h Turnover: $1,640,619.61
*24h Volume: 98,176.86 ZEN
*Whale Trader Signal: Longs (74,970) vs Shorts (21,898) - Long/Short Ratio: 3.4:1
*Cash Flow: Net outflow of $799,147
Technical Analysis:
*Pivot Point: $16.770
*Psy-Low: $15.820
*Resistance Level: $18.700
*Support Level: $16.427
*Resistance Level: $17.553
Price Action Summary:
*The price is currently trading slightly above the pivot point of $16.770, indicating a potential bullish sentiment.
*The recent low of $15.6995 is above the Psy-low of $15.820, suggesting that the market is holding above critical support levels.
*The resistance at $17.553 is just below the current price, which could act as a barrier for upward movement.
*The market has shown a significant amount of trading activity with a notable long position from whale traders, indicating confidence in a potential upward trend.
Conclusion:
The ZEN market is currently experiencing a slight downtrend but remains above critical support levels. The presence of strong long positions from larger traders suggests a potential for upward movement, especially if the price can break through the resistance at $17.553. Monitoring the price action around these levels will be crucial for determining the next steps.
What you can do for the Next Steps?
*Watch for price action around the resistance level of $17.553.
*Consider potential entry points if the price breaks above this resistance with strong volume.
By: @FastIN_FastOUT
FOLLOW /LIKE /SHARE For more analytics and signals 🎯📈📉