ZEN - Price Analysis
The chart pattern is forming a very steep Rising Wedge which is a Continuation / Reversal pattern.
The stochastic RSI has a falling wedge forming that will most likely begin to double top.
The RVI indicates a tremendous amount of volatility as the prices momentum rapidly increased.
Ichimoku cloud has a bearish flip and the Kijun is acting as support and ranging which tells us that the support is a stronger level because the Kijuns momentum has reduced.
I expect the price to break to the downside of the wedge and find support near the kijun before it begins to range.
The stochastic RSI has a falling wedge forming that will most likely begin to double top.
The RVI indicates a tremendous amount of volatility as the prices momentum rapidly increased.
Ichimoku cloud has a bearish flip and the Kijun is acting as support and ranging which tells us that the support is a stronger level because the Kijuns momentum has reduced.
I expect the price to break to the downside of the wedge and find support near the kijun before it begins to range.
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