BINANCE: ZENBTC -Horizen tested the previous swing low at 5560 sat range -We saw a good bounce but currently faces rejection by the trendline resistance -If ZEN will pullback, it will likely to retest the recent low and form a double bottom -A double bottom reversal will only confirm if the trendline resistance is broken up -This will take a few days so please...
ZEN/BTC -Horizen is currently trying to retest the recent top at 10k sat -It is crucial to buy at current market price -Because we don't know if ZEN can break this resistance area -I recommend waiting for the breakout confirmation -That will give us a strong bias that the uptrend is valid -You can either enter on breakout or retest (pullback) -Upside scenario is...
ZEN/BTC -strong push up after breaking the yellow box resist -we need to pullback to confirm old resist turn new support -key areas to watch is between 6900-6500 -if we see rejection at this area of support -it is likely we will see another leg up to test the next high -target potential upside is 9650s
If this black support holds after the initial strong push up, this could be strong upside. Super bullish once breaks last high. Noted very low coin circulation, that's always a bonus
Technical analysis: . Horizen/Ethereum is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 37. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.03900 to 0.03600). if so, traders can set orders based on Price...
Technical analysis: . Horizen/Ethereum is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 37. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.03900 to 0.03600). if so, traders can set orders based on Price...
Pair: ZEN/BTC Exchange: Huobi/Binance Trade Duration: Medium Risk: High Signal Strength: High Introduction Horizen (formerly ZenCash) is an incentive-driven application platform with optional zk-SNARK based privacy features that aims to provide everyone with complete control of their digital footprint. Launched in May 2017 (no ICO and no...
Technical analysis: . HORIZEN/ETHEREUM is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 62. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.03790 to 0.03320). if so, traders can set orders based on Price...