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Horizen (ZEN) – July 5 for BINANCE:ZENUSD by readCrypto

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( ZENUSD 1W Chart)

If the price holds above the 37.8826710 point, it is expected that the uptrend will continue.

In particular, if it rises above the 67.0667780 point, it is expected to create a new wave.

(1D chart)

If the price is maintained in the 65.3328249-85.5763204 range, it is expected to turn into an uptrend.

If it goes down, you should check to see if it finds support at the 34.9675823-45.0893294 zone.

A move above the 85.5763204-95.6980675 section is expected to accelerate the uptrend.

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( ZENBTC 1W chart)

If the price holds above the 0.0014442 point, it is expected that the uptrend will continue.

In particular, if it rises above the 0.0021190 point, it is expected to create a new wave.

(1D chart)

If the price holds in the range of 0.0019488-0.0024717, it is expected to turn into an uptrend.

If it goes down, you should check to see if it finds support at the 0.0017323 point.

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** All indicators are lagging indicators.

Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume .

However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.

** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.

Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)

** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)

** See support, resistance, and abbreviation points.

** Support or resistance is based on the closing price of the 1D chart.

** All descriptions are for reference only and do not guarantee a profit or loss in investment.

Abbreviations shown in charts

R: A point or section of resistance that requires a response to preserve profits.

S-L: Stop Loss point or section

S: A point or section where you can buy to make a profit as a support point or section.

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)

GAP refers to the difference in prices that occurred when the stock market, CME , and BAKKT exchanges were closed because they are not traded 24 hours a day.

G1 : Closing price when closed

G2: Opening price

(Example) Gap (G1-G2)

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