ZENBTC trade ideas
Low Risk ZENCASH buy in. Week long ascending triangle.With BTC bull slowing down this week a lot of alts are showing possible buy signs.
That said I like this one more than most. Week long ascending Triangle.
If you want to wait for confirmed breakout fair enough.
Target one has been set below whole number 250,000 sats. This is just below the next fib level and just under 21, 50 day SMA's etc.
See graph for recommended stops at approx 179,000.
Privacy coins in general are strong performers and Zen is solid within that space.
ZEN 15M Timeframe Chart 15 December 2017Zencash, one of the Palm Beach coins!
It's in bouncing zone again. Retraced big time and did make a nice bounce on the 170K support already. Expecting to do that pretty soon again, so we can make a quick trade.
If it doesn't bounce, we'll be using a stop/loss below this level and buy back on a lower support level, which seems to be around the 160K zone (or just hold).
ZEN / BTC swingsZencash might go in a symmetrical triangle swing before deciding which way it wants to go. Currently oversold, an entry now will probably give a small profit before hitting resistance. BTC/USD will definitely be the trigger to whichever path it chooses to breakout through.
Worth keeping an eye on.
ZEN analysis by @Tiigz Zen looks ready to making his move have W bottom and almost done with his last Arm of double bottom and looks Ascending triangle.
free to join at current price 0.00315
Targets
0.00397228 28%
0.00587228 90%
Stop limit
0.00251049
Risk/Reward
18% / 90%
capital management is recommended
we ask Allah reconcile and repay
Your feedback is very importnat and we appreciated it
zencash gonna moon on the releaseZencash has already started making it's climb and when masternodes come onto the mainnet, I am sure it will reach its previous high of 0.005 or break 0.006 BTC.. respectively. Anything inside of the square is a good buy zone with a stop-loss below the lower support line.