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Zencash

$ZEN Elliot Wave Count Possibility...Potentially HugeSo looking here at the corrective Second Wave that we are experiencing now it appears to me that we have completed the A leg of the 3 subwaves and may begin a B Wave correct that will of course be thwarted at I believe the .5 Fib level prompting the start of the last subwave (C) of the larger corrective wave (2). I have placed that at the breakout support which should be very strong as demonstrated by the bounce that we are currently seeing. Once the ABC corrective waves complete that will signal the end of the 2nd wave and the beginning of the 3rd wave which also happens to be the longest. I will refer to Richard Prechter's "The Elliot Wave Principle" in order to continue to examine this chart and set potential targets for the 3rd wave. Summary: I believe A wave of the ABC correction is complete. Now a bounce with this B wave up to 0.5 Fibonacci retracement level and then the final C wave of the correction that will coincide with the new support that was found after the strong breakout from resistance at that level yesterday. Coincidentally (or maybe not so since there is an underlying order in the universe and in markets) the new support lies at the 0.23 retracement level). As always I welcome your questions, comments, and opinions. Your thoughts are welcome here. - BitBookekeeper
Long
by BitBookkeeper
Horizen - Neat small tradeZen obviously wants to break higher. I am observing it quite a few weeks and allways when we get to 13.xx levels, there comes a pump up. The last one was huge (some partnership announced), so I didn´t think we´ll be able to get back here again. Well, we did. It needed to test the accumulation zone with POC included. So I can see two possibilities here : 1- We´ll bounce right away and be heading to 14.55 USD. 2. We´ll retest the low, possibly even the blue accumulation zone. And bounce afterwards. Therefore I am opening half position now and if we get to lower levels, I will be adding to my position. All signs show we should be bouncing now (Oversold stoch., oversold RSI, bottom of BB etc.). So if we´ll make an attempt down again, I guess it will be one in divergences, without volume. Only in that case I will be adding. Watch that. I think Zen can easily even surpass the target and going for 20. Have fun!
BITTREX:ZENUSDLong
by Blockspacecz
Horizen: 67% profit potential in following weeksZen is on a huge support and confirming his strength. It´s a great buy right now, but if you like to lower the risk, you can wait for the potentially lower price of 15,5 USD. That seems like the best buy level. We should test the resistance line of the descending triangle around 26 USD, that is 67% gain from a recent price. On the other hand, 13,8 needs to be considered as an SL level. That gives us a unique 1:6 RRR. Stochastic is getting into an oversold zone on daily and is massively oversold on weekly as well. That´ s confirming the move up. Zone of 19-20,5 has to be considered as a huge resistance, so once we reach 19, I am moving my SL to break even. Enjoy!
BITTREX:ZENUSDLong
by Blockspacecz
[ZENBTC] Horizen Secure Nodes LONG [150% – 250% PP]The charts for ZEN are looking good for a long term trade, so let’s take a look and get started right away: Trade instructions for Alan Masters Trades PREMIUM Supporters Buy in: 0.00240 – 0.00254 Targets LONG TERM for Horizen (ZENBTC) by Alan Masters: (1) 0.00292 (2) 0.00328 (3) 0.00388 (4) 0.00184 (5) 0.00553 (6) 0.00641 (All time high) (7) 0.00737 (8) 0.00893 Capital allocation: <10%. Notes: - Horizen (ZEN) has a variation to masternodes called secured nodes, which improve on security and privacy according to them. - This is a strong altcoin and can be held long term. Is it in the Top 100 altcoins by marketcap list. - You can research these to set up a secure node and earn passive income. - You can earn long term through your nodes and later sell for profits when ZENBTC hits the price you are confortable selling at. - Masternodes / Secure nodes are meant mainly for long term passive income generation. Stop loss: Close below 0.00230 on the weekly candle. If you buy into this trade and decide run a secure node at the same time, you can ignore the stop loss and hold Horizen (ZEN) long term. Only sell when you meet your desired price. This type of strategy is only possible with a bullish view of altcoins and cryptocurrency in general in the long term. We believe that cryptocurrency is here to stay and that it will be used as the money of the future. Namaste.
Long
by AlanSantana
13
A chip of the old block (Bitcoin) but so much betterThis is another follow up one of the years most exciting assets. Zcash started as an alternative to Bitcoin; the Zerocoin protocol which was improved upon and launched as a Zerocash (ZCash) cryptocurrency in 2016. -Backed by wall street with investment opportunities for the general public and institutional investors. Specific reference to the Digital Currency Group & Gemini Watch closely to make sure you take your long positions when the bulls tip the scale More information can be found here: and here:
BITFINEX:ZECUSDLong
by warrenhochfeld
ZEN Back in my Buy ZoneLooking at the history of ZEN you can see this one is prone to some extreme volatility. I use loose stops on this one because of that, and pay more attention to target areas. Last Zen trade went well as you can see in my profile. After two TPs and one rebuy, I exited on the 5/20 cross. We just opened a daily candle above the 5ma with strong bounce and we are in a likely long term support area. Due to volatility I have some bigger orders setup at the lower support, but most of my position is open, or will open above the 5ma with the idea that a bullush 5/20 cross is coming. With bullish divergence on the MACD Histogram and Stoch about to issue a buy signal I am comfortable opening this trade without waiting for the bullish cross. Targets are the same as before. Marked on chart. A scalp target could be the 20ma, but I am not taking that target myself. Close up: 6hr:
Long
by Nevermorejk
ZenCash VS Bitcoin Possible Correction DownZenCash has been trending upwards since 24th of June, and has climbed from $15 up to $34, gaining 134%. Recently ZEN/USD faced the resistance at $32, which is 127.2% Fibonacci retracement level applied to the last corrective wave down. Price has spiked above the resistance, althogh failed to close higher, suggesting the corrective move down. At the same time ZEN found the support at $28, which is 50% Fibs, that was rejected today. As long as price stays above that support, ZenCash is likely to consolidate. Currently there are two important support levels to watch, $28 and $25, which corresponds to the uptrend trendline. Break below $25 should result in further decline towards $21 and even $18. On the upside, clear break and close above the $34.6 is required in order for the uptrend continuation to take place.
BITTREX:ZENUSD
by CryptoPAMM
ZENCASH pump soonZENCASH is showing some long term reversal signals happening right now. there is a rounding bottom ZENBNB and a range break on ZENBTC 3.87% to me its up so im going long on ZENBNB as i think the price action is much more predictable. I know nothing about what ZENCASH is but the chart is saying long, this is first alt coin prediction but i have seen these things reach all time highs over night so im getting in, looking at half the full range being met and maybe the top getting tested. monday might pull back to the new 200ema on 4h and then might see a real move.
Long
by Jimmyrockhard