ZEN has done very well these past few weeks. However, if you are looking to buy longer term, you need to watch out for this massive bearish divergence we have here.
RSI + MACD + Volume are all painting a very clear bearish divergence on the daily timeframe with lower highs every time we went higher in price. This shows buying interest is fading and once the momentum flips, price can quick fall down to support.
Nevertheless, ZEN can still push higher, but not by much in my opinion before sell pressure will take over and bears will have a party.
Levels on the chart. Don't FOMO. :)
Like and follow if you liked this idea!
RSI + MACD + Volume are all painting a very clear bearish divergence on the daily timeframe with lower highs every time we went higher in price. This shows buying interest is fading and once the momentum flips, price can quick fall down to support.
Nevertheless, ZEN can still push higher, but not by much in my opinion before sell pressure will take over and bears will have a party.
Levels on the chart. Don't FOMO. :)
Like and follow if you liked this idea!
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📣 Find more Alpha by joining Your Crypto Community:
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🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
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🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.