Good evening, I am Shen Ce
Recently, everyone has been talking about ZEC, so today I'll also analyze the coin ZEN. It has skyrocketed over 57% in a week, with a market value reaching 347 million USD. The privacy token sector has surged wildly under the leadership of ZEC!
But look at the one-hour candlestick chart now. After the market retraced from the previous high, it is showing a fluctuating trend. The yellow and white lines are still in a downward trend below the zero axis, and a death cross has formed. Is this an opportunity or a trap? For today's market, ZEN is at the key position of rebounding to 20, approaching the high point of 25, or will it turn around and drop towards the support target of 17.9, or even the bottom of 15.7?
Don't worry, Shen Ce will guide you step by step!
First, let's look at the news:
The independent market for privacy tokens has been explosive, with DASH leading the charge, rising 142.8% in a week, and others like DCR and ZEC also doubling. What does this indicate? Market funds are chasing the privacy concept, and the enthusiasm is frighteningly high!
But ShenCe must remind you, positive news is often a double-edged sword—while it can rise sharply, it may also fall harder. Currently, ZEN's trend shows a lack of momentum; over the past few days, ZEC has continued to rise, but ZEN has begun to move towards a trend of oscillation and consolidation. Is it a lack of momentum or is the leader monopolizing the spotlight?
Looking at the technical side:
The key level is at 19.8, with 21.5 above as rebound resistance and 25 as a high resistance level; below, 17.9 is the target support and 15.7 is the bottom.
From the 1-hour K-line, the current market is in a downtrend, with the yellow and white lines pointing downwards, forming a death cross.
Isn't this contradictory? The news suggests a rise, but the technicals show weakness. How will the market move forward? ShenCe believes there is a huge suspense here: if the bulls can hold the key level, it may trigger a second wave of increase; but if they lose it, a significant correction will occur.
ShenCe's personal opinion: Today, the market will most likely test the key level of 19.8 first. If it does not rebound and stabilize at 19.8, it may challenge 17.9 downwards, or even touch 15.7; based on the current situation, ZEN's momentum is not as strong anymore, and the upward momentum is weakening. However, those who want to position can operate in the oscillation range!
If you always feel one step behind the market, constantly 'buying and it drops, selling and it rises', then let me tell you, you are not lacking analysis, you are lacking a professional guide who can remind you in real time, 'opportunity is here' and 'run fast'!
Want to know how ShenCe helped the villagers avoid spikes and set ambushes accurately? Follow ShenCe and participate in every attack by the villagers! ShenCe will announce specific entry times and real-time news every day in the village!#隐私币生态普涨