$ZEN
USDT Technical Analysis
$ZEN is in a short term corrective move after rejecting from the 14.20 area
Price pulled back to 12.38 and is trying to stabilize
Trend
Overall structure is still bullish on lower timeframe
Current move is a healthy correction within the uptrend
Support Levels
12.10 12.00 strong intraday support
11.60 major support if selling increases
Resistance Levels
12.65 first resistance
12.95 13.00 strong resistance zone
14.20 recent high and major resistance
Indicators View
RSI cooling down from overbought and near neutral zone
This supports continuation after consolidation
Volume decreased during pullback which is positive
Trade Idea
Buy zone 12.10 – 12.30
Targets 12.65 then 12.95
Extended target 13.80 – 14.20
Stop loss below 11.55
Market remains favorable as long as price holds above 12.00