So, i know ZEN is an awesome project. BUT, we are below the ascending channel. This means, we got some strange weakness happening against BTC.
It could be oversold, and you could be trying to get some now, and have a S/L @ 290K
We also, that a lot of traders are actually holding at these levels right now, so it is a matter of HODL and how well BTC is going to do.
From what see. BTC is going to continue to strengthen.
I do also hope that we can somehow return into the channel, then we can see some amazing price actions, that we saw previously in the past.
Time will tell, good luck.
*LEGENDS** BLUE = Bear/Resistance Yellow = Bull/ Support
~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~ /*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
If you want your coin to be analysed, JUST ask. If you got a question, ASK away! And please keep those Stop losses in place!
Thank you, Ajion
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Looks like zen is weaking against btc. I think, we will be heading lower to C, or around that area. We could be testing previous low, but unless zen gets positive news, I see it weaking because we are still in descending channel.
can you give us an update?