Horizen / BitcoinUpdated ZENBTC Trend Reversal Ahead 80% profit- H&S - Bullsih Divergence
Long time no TA. I'll start the summer season with Horizen, one of my favorite projects. So be aware, I am most likely biased.
Anyway, from a technical analyse prospective, Zen is building up against BTC a classical bullish divergence since early December18. Yet RSI sitting at 55% has plenty of space to go up as you can see.
The elephant in the room is the potential H&D. If market decides to create a closed daily candle above 1320 sats, I'm bullish biased.
Volume is building up as you can see. Also very striking are these massive volume spike, which are occurring periodically. I think that this are long-term investors, who wants to run super- or securenodes.
I believe Horizen has a bright future.
Bear in mind, only 5.8 million coins has been mined so far and as Zen is a fork of Zcash Classic, which is a fork of Zcash, which is a fork of Bitcoin.
As I am mining and running securenodes, I will not buy more before bulls are in charge.
Leave a thump up if you agree and a comment if not. Or, simply share your positive thought on this analyse.
Anyway, from a technical analyse prospective, Zen is building up against BTC a classical bullish divergence since early December18. Yet RSI sitting at 55% has plenty of space to go up as you can see.
The elephant in the room is the potential H&D. If market decides to create a closed daily candle above 1320 sats, I'm bullish biased.
Volume is building up as you can see. Also very striking are these massive volume spike, which are occurring periodically. I think that this are long-term investors, who wants to run super- or securenodes.
I believe Horizen has a bright future.
Bear in mind, only 5.8 million coins has been mined so far and as Zen is a fork of Zcash Classic, which is a fork of Zcash, which is a fork of Bitcoin.
As I am mining and running securenodes, I will not buy more before bulls are in charge.
Leave a thump up if you agree and a comment if not. Or, simply share your positive thought on this analyse.
Note
We're almost at the point of decision. If H&D gets confirmed by closing a daily candle above the neckline, Zen will attract bulls attention.Horizen is the only low market cap project that is been offered by institutional investment companies, well at least one, grayscale:
grayscale.co/zcash-trust/
Trade active
Zen broke out and is approching the first resistence.Trade active
First target reached. Resistance is now support.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.