Hey traders! Let’s dive into this daily ZENUSDT chart. Horizon is in a sideways accumulation phase, forming an Expanding Wedge right after a massive bullish Falling Wedge breakout.
We’re also seeing a small inverted head and shoulders at the bottom support range of $7.08-$10.08, with the neckline at $10.08. ZEN recently revisited this level, and a confirmed breakout could propel it toward $18.08-$28.94, with a major target at $41.15.
If the breakout fails, we might see a pullback to the neckline at $10.08 or the shoulder support at $8.28.
Key Levels to Watch:
Resistance: $18.08, $28.94, $41.15
Support: $8.28
Breakout Target: $41.15
Breakdown Risk: $8.28
Is ZEN about to skyrocket, or will this breakout fail? Let’s hear your thoughts below!
