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!
ZENUSD
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!
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.
ZEN (GOLDEN GOOSE???)(15X POTENTIAL!!!!!)Privacy coins always had a amazing returns in crypto examples being cash monero we have seen immense potential and increase in them.
ZENCASH is also an privacy project and soon in near future we will see immense growth in this project.
you should checkout their project it has great potential.
they provide fully encrypted anonymous transactions.
ZenCash - Soon to be the Number 1 Privacy Coin on the market!The latest Palm Beach Report is out, for those who are not familiar with PBC. They picked Antshares/Neo at $0.12USD, they picked Stellar ($XLM) the week BEFORE IBM partnership announcement so there up there with the best. There newest report claims the next x 50 coin is $ZEN. They are anticipating a big announcement from $ZEN in the coming weeks that will flip the game on privacy coins and push $ZEN to a 1-2 Billion dollar market cap. Since the report came out price exploded from $10 to $30. The team is made up of aMercenary Mathematician, Nuclear Sub Officer, NASA Hacker.
Based on the charts a profitable entry would be around 0.0036 sats and if you want to limit your risk buy the breakout. Keep in mind this coin is currently sub 50 Million USD market cap so this could easily run 200-300% in a matter of days.