Current price 38$

Target 1🎯 : 36$

Target 2🎯: 34$

Target 3🎯: 32-33$

open Short positon with 8-10x leverage

stop loss 44-45$

Entry : 38$,39$,40$

you are thinking guys how it can happen??

Here is the answer /key

Let's delve Technical analysis on $ZEN

Technical Analysis

1. Trend Analysis:

The price has seen significant upward momentum, reflected in the strong green candles.

The price is currently testing a resistance zone at $46.28 after a sharp rally.

2. Indicators:

Bollinger Bands:

The price has moved above the upper Bollinger Band (UP: 39.57), indicating an overbought condition.

MACD:

MACD line (DIF: 7.16) is well above the Signal line (DEA: 6.09), signaling bullish momentum. However, the histogram may be reducing, suggesting weakening strength.

RSI:

RSI (6): 89.02 indicates that the asset is heavily overbought, potentially signaling a pullback or consolidation phase.

Volume:

Increasing volume during the uptrend shows strong buying interest. However, the recent candles suggest a possible slowdown.

3. Support and Resistance:

Resistance: $46.28 (recent high).

Support: $33.12 (previous consolidation area).

4. Moving Averages:

Short-term MA (5): $3,177,767.35 shows an upward slope, confirming short-term bullishness.

Long-term MA (10): $3,454,927.35 also supports the bullish trend.

Please remember that cryptocurrency investments carry risks, and it's essential to conduct thorough research and consider your financial situation before making investment decisions#ZEN/USDT #Technical analysis #BTCNextMove #Write2Earn