To predict Horizen ($ZEN ) price based on the chart, here are some important observations:
1. **Support and Resistance:**
- Current price is 11.36 USDT.
- The next significant support level is around 11.30 USDT.
- The closest resistance is around 12.00 USDT.
2. **200 Period Moving Average (200-MA):**
- The 200-MA line is acting as a dynamic resistance. The price needs to surpass this average to start a stronger uptrend.
3. **Fibonacci Retracement:**
- Fibonacci levels indicate that 12.88 USDT is important resistance (78.6% level).
4. **Candle Patterns:**
- On the side of bullish patterns, Rising 3 (R3) and Bullish Engulfing (EGA) show a high probability of reversing bullish.
- On the bearish side, Evening Star (ES) and Bear Engulfing (EGV) show a high probability of continuation of the decline.
5. **RSI Divergence Indicator:**
- The RSI is close to the overbought/oversold level (below 30 is oversold, above 70 is overbought).
- There are signs of bullish divergence, indicating a possible bullish reversal soon.
6. **SuperTrend:**
- SuperTrend is indicating a short-term downtrend. For a reversal, price will need to break this line and close above it.
### Forecast for the next few days
- **Bull Scenario:** If the price manages to sustain above the support level at 11.30 USDT and surpass the 200-period moving average, it is possible that it could see a move higher towards 12.00 USDT and possibly 12.88 USDT.
- **Bearish Scenario:** If the price falls below 11.30 USDT, the next support zone would be around 11.00 USDT and potentially 10.50 USDT.
### Conclusion
Pay attention to the mentioned support and resistance levels, as well as the signals provided by indicators and candlestick patterns. Monitoring these elements will help predict Horizen ($ZEN ) price movement in the coming days.