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ZENUSD

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
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 - 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.
Long
by RoyceDinsmore
1