DU09

ZEN/USD - Wait for correction to complete

Short
BINANCE:ZENUSDT   Horizen / TetherUS
Zen has touched the top of the larger wedge and now is in a correction. Therefore the bias is short. We also have a bearish divergence on RSI.

Wait for price to touch at least the local support level marked by Fib 50% or more likely the support at 61.8% after such a parabolic increase - i.e. 100% increase.

$14 is a great buy area, but wait to confirm that level as support. The larger wedge that is forming is a bearish pattern and we need to break-up to invalidate it.

Let me know what other coins you want me to chart.

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