🔵 TD Sequential Setup Complete on
$ZEN | Watching for Price Flip
ChartScout's pattern detection just flagged a TD Sequential Setup on ZEN/USDT (15m chart) and the message is clear: "Don't fight the trend blindly, but tighten stops. Reversal likely."
📊 Pattern Breakdown:
Asset:
$ZEN (Horizen)
Timeframe: 15-minute
Pattern: TD Sequential Setup (Bullish Setup 9 completed)
Status: BULLISH SETUP 9 COMPLETED ✅
What is TD Sequential?
The TD Sequential is a powerful technical indicator developed by Tom DeMark that identifies potential trend exhaustion and reversal points. When you see a "Setup 9" complete (as shown in the chart), it means price has moved in one direction for 9 consecutive periods, and a reversal or consolidation is highly probable.
Key Observations:
• The chart shows a completed downtrend with Setup 9 triggering
• Green triangle at current price indicates bullish reversal zone
• Price has been declining but showing signs of exhaustion
• Volume patterns suggest selling pressure is weakening
Trading Implications:
This isn't a blind long signal - it's a warning that the downtrend may be running out of steam. Smart risk management means:
✅ Tightening stop losses if you're short
✅ Watching for bullish confirmation before entering long
✅ Looking for price flip above recent resistance
✅ Monitoring volume for reversal confirmation
The TD Sequential has a strong track record of catching turning points, especially on shorter timeframes. This setup suggests ZEN might be ready to bounce.
About ChartScout:
This pattern was detected automatically by ChartScout an AI powered pattern scanner that monitors crypto markets 24/7 across multiple exchanges and timeframes. The tool identifies high-probability setups using machine learning and historical pattern analysis, helping traders catch opportunities they might otherwise miss.
⚠️ Remember: No pattern is 100% accurate. Always use proper risk management, set stop losses, and do your own research before trading.
#ZEN #Horizen #TechnicalAnalysis #TDSequential #CryptoTrading