ZEN/BTC at Meaningful JunctureZEN has seen considerable movement ever since the Palm Beach Shill Report, but it's dropped precipitously since the Mt Goxening part 2. Predominantly, volume has been lacking for any significant movement as of lately. If ZEN can break upwards then it has one major pivot / inflection point before reaching its next line of resistance. With ledger support coming, its uptick in marketing and outreach, and its cheap node investment are all signs that I see a good 2018 for ZEN.
Recent News:
Reddit AMA: www.reddit.com
Crypto Invester Show Booth: twitter.com
Ledger Hardware Wallet Support Coming: mobile.twitter.com
ZEN ATM's announced for South America: www.reddit.com
ZEN
Zencash VS Bitcoin Approaching Key ResistanceFollowing the previous idea on ZenCash cryptopost.com , the price has started to grow as expected after rejecting the btc 0.0033 support. The upside potential remains very large, however, to realize it, there is a major resistance that has to be broken first.
The resistance is at btc 0.00567, that is confirmed by two Fibonacci retracement levels. If ZenCash will manage to break above, the price could go as high as btc 0.01.
On a downside note, break and close below btc 0.0033 could send price lower, back to the next support at btc 0.0025, but it still should not invalidate bullish outlook.
Zencash VS Bitcoin Calling For ActionZencash formed the support at btc 0.0010 where it formed a double bottom back in October 2017. Almost immediate spike up followed reaching the high at btc 0.0052. However, after that ZEN/BTC consolidation continued and only recently it broke above the downtrend trendline and the 200 Moving Average.
Zencash bounced several times off the 200 MA and the once of the downtrend trendline that are obviously now acting as s strong support. All these facts are just calling for action as Zencash is looking very attractive in terms of a buying opportunity. The price could grow by 220% as strong resistance is seen at btc 0.01, confirmed by two Fibonacci retracement levels.
ZencashIf you divide the chart in the middle you will see zencash created a support and resistance line. Inside there we also see a cup&handle formation that broke out perfectly. Now it seems like it has created a new support and resistance level, instead of a cup&handle we see an abcde correction inside. If the price hits close to E I will take up a major position for the next breakout.
Disclamer: I currently hold no zencash, and this is simply my opinion.
Low Risk ZENCASH buy in. Week long ascending triangle.With BTC bull slowing down this week a lot of alts are showing possible buy signs.
That said I like this one more than most. Week long ascending Triangle.
If you want to wait for confirmed breakout fair enough.
Target one has been set below whole number 250,000 sats. This is just below the next fib level and just under 21, 50 day SMA's etc.
See graph for recommended stops at approx 179,000.
Privacy coins in general are strong performers and Zen is solid within that space.
ZEN 15M Timeframe Chart 15 December 2017Zencash, one of the Palm Beach coins!
It's in bouncing zone again. Retraced big time and did make a nice bounce on the 170K support already. Expecting to do that pretty soon again, so we can make a quick trade.
If it doesn't bounce, we'll be using a stop/loss below this level and buy back on a lower support level, which seems to be around the 160K zone (or just hold).
ZEN analysis by @Tiigz Zen looks ready to making his move have W bottom and almost done with his last Arm of double bottom and looks Ascending triangle.
free to join at current price 0.00315
Targets
0.00397228 28%
0.00587228 90%
Stop limit
0.00251049
Risk/Reward
18% / 90%
capital management is recommended
we ask Allah reconcile and repay
Your feedback is very importnat and we appreciated it