ZEN built another triangle. If resistance at 40k sat is broken a breakout to at least 50k sat is very likely.
ZEN hit our target at around 52k sat and retraced back to previous resistance at around 40k sat, keeping that level. MACD and RSI are recovering, which could indicate a soon additional attempt to break the 52k sat resistance level.
ZEN lost more ground during BTC’s flight but is now bouncing up from its long term uptrend line. Major resistance zone around 280k sat could take some time. ZEN is a good long term hold for at least 2 to… Continue Reading