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ZEN/BTC (Retest Recent Low Support?)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 be patient and wait for a safer entry -The ideal stop loss is placed under the green support line -And the upside potential is up to the recent swing top at 9953 sat ^Trading involves High Risk ^Not Financial Advice ^Please exercise Risk Management **If you like my daily Published Ideas **A little help by supporting my Channel **Through leaving a Thumbs Up, Comment & Follow **Happy Trading! --> Thank you! :)
by PolarHusk
6
ZENUSDT formed bullish BAT | A good long opportunityAfter forming successful BAT pattern the price action has taken bullish divergence more than 10% the priceline of world's 66th ranked cryptocurrency Insolar Horizen (ZEN) has formed bullish BAT pattern and entered in potential reversal zone. This PRZ area should be used as stop loss in case of complete candle stick closes below this zone. Lets have a look on the move of price action to see how perfect this pattern is driven: After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B Fibonacci projection area and last leg (C to D) is retraced between 0.786 to 0.886 Fibonacci and now the price action is moving in potential reversal zone of this bullish BAT and now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg , but if after this bullish divergence the candles sticks will be closed above the 0.786 Fibonacci projection area of A to D leg then it can also lead to the long term bullish move. As per Fibonacci sequence method we can set our targets as below: Buy between: $7.61280 to $7.53763 Sell between: $7.79212 to $8.06659 So this is a very short term 4hr based chart good long opportunity Regards, Atif Akbar (moon333) The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not an investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic BAT pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
Long
by moon333
1
Horizen (ZEN) | +47% PP | FREE TRADING SIGNALPair: 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 pre-mine), the leading-edge platform enables real-life use cases beyond the ZEN currency, including the ability to privately chat with others, publish information and go anywhere on the web with complete privacy. Our Entry Zone 0.001638 - 0.001792 Our Targets 1: 0.002020 2: 0.002401+ Our Stop Loss: 0.001595 To make sure you don't miss out on any FREE signals, FOLLOW us on TradingView by clicking on our profile and then clicking the green 'Follow' button. If you liked this analysis, hit that thumbs up! Comment your thoughts below. And most importantly, enjoy your day! Axsonex Team ------------------------------------------ DISCLAIMER: Axsonex are not registered financial advisors and no information we provide is intended as financial advice. It is our opinion and nothing more. This report is for informational use only. Trading and investing in Cryptocurrencies is extremely high risk. Ensure that you conduct your own due diligence before deciding to invest in any asset. We have not/will not be(en) paid to endorse this project. You are responsible for all actions you take as a result of reading/viewing this page.
by Axsonex
1
ZENBTC Price Analysis: ArisingHorizen has been laying low, but some key announcements reignited interest in the project. Horizen has a bullish short-term bias against BTC, with the ZEN / BTC pair correcting back towards the April monthly trading high ZEN / BTC pair has a bullish medium-term trading outlook A large inverted head and shoulders pattern is present across the daily time frame Horizen / Bitcoin Short-term price analysis ZEN has a bullish short-term trading bias against BTC, with the ZEN / BTC pair trading well above its 200-period moving average on the four-hour time frame. The four-hour time frame is showing that the ZEN / BTC pair is gaining bullish trading momentum and attempting to correct back towards the April monthly trading high. Technical indicators are bullish on the four-hour time frame, although they are starting to appear overstretched. Pattern Watch Traders should note that an inverted head and shoulders pattern will form on the four-hour time frame if bulls move price back towards the April trading high. Relative Strength Index The RSI indicator on the four-hour time frame is bullish, although it has moved into overbought territory. MACD Indicator The MACD indicator on the four-hour time frame is also bullish, although it is starting to appear overstretched. Fundamental Analysis In April, Horizen partnered with Horizen Labs which has raised 4$ million from Digital Currency Group (DCG) and Liberty City Ventures. Horizen Labs will be working with businesses to help them build their own sidechains on top of the Horizen’s public blockchain. This is likely the reason why ZEN’s price has been growing for the past several weeks. Horizen / Bitcoin Medium-term price analysis ZEN has a bullish bias against BTC over the medium-term, with the ZEN / BTC pair trading back above its 200-day moving average. The daily time frame shows a large inverted head and shoulders pattern, with buyers rallying the ZEN / BTC pair back above the neckline of the bullish pattern. Technical indicators across the daily time frame are currently rising and issuing a strong bullish signal. Pattern Watch Traders should note that the November 18th, 2018 swing high is the overall upside target of the inverted head and shoulders pattern on the daily time frame. Relative Strength Index The RSI indicator is also bullish on the daily time frame, although it is approaching overbought territory. MACD Indicator The MACD indicator is bullish on the daily time frame and is currently generating a strong buy signal. Fundamental Analysis Horizen looks interesting on the fundamental level. It has a good development team and plans a number of technological improvements to its platform in 2019. Along with Horizen Labs the project can potentially increase the level of adoption of its platform, which can have a positive effect on the value of the network in the medium term. Conclusion ZEN is growing increasingly bullish against BTC over both time frames as the cryptocurrency attempts to recover from last month’s trading losses. If bulls can maintain the bullish momentum and continue to rally the ZEN / BTC pair, a much stronger rally towards the November 18th swing high may occur.
Long
by IgorPorokh
1
Smallest market cap asset playing on Wall StreetFrom ZenCash to Horizen Horizen, known as ZenCash before rebranding, started through a fork of the Zclassic (ZCL) blockchain. Zclassic itself was a fork of the privacy-centric cryptocurrency ZCash ZEC More than just a ZCash ZEC fork Since Zcash is also a privacy-centric crypto, Viglione noted he believes Horizen made a breakthrough in side-chain technology, which would help its network scale to accommodate large amounts of transactions more efficiently than those of Bitcoin or Ethereum. Follow in the footsteps of leading digital currency asset managers In September 2018 Grayscale Investments announced the launch of Zen Investment Trust, a single-asset investment vehicle solely comprised of ZEN. Large scale institutional adoption Financial institutions, hedge funds, investment sponsors, RIAs and family offices represent want in. These investors will require an investment vehicle that is secure and compliant in a rapidly changing regulatory environment. Horizon ZEN has the lowest market capitalization of any digital asset available as an investment vehicle
BITTREX:ZENUSDLong
by warrenhochfeld
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