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$ZEN /USDT – Short-Term Technical View (Based on 4H & 1H charts)
About / Market View
ZEN has shown recovery after a recent dip, the price bounced from the strong support at 7.12. The price is now consolidating around 8.03, which is the short-term decision zone.
Technical Snapshot
EMA: Price is holding above EMA 30/50 (1H), which shows a short-term bullish structure. On 4H, EMA 100–200 are still above as resistance.
MACD: Momentum is improving; the histogram is building towards the positive side.
RSI:
4H RSI ~62 → bullish momentum, but near resistance
1H RSI ~46 → neutral, pullback possible before next move
Key Levels
Support: 7.85 – 7.70 / Major: 7.12
Resistance: 8.35 → 8.90 → 9.80 area
Possible Trade Idea (Short-Term)
Entry Zone: 7.85 – 8.00 (better on pullback)
Targets:
TP1: 8.35
TP2: 8.90
TP3: 9.70–9.90
Stop Loss: 7.60 (tight SL for risk control)
Analysis
The trend is in recovery mode in the short term, but a strong close above 8.35 will be necessary for continuation. If there is a rejection, the next leg up is possible after a shallow pullback. Keep an eye on volume and the BTC trend.
Educational purpose only. Please ensure to use risk management.