ZENBTC trade ideas
#ZEN/BTC 1D 115% Potential Profit. Trade Setup for July!Welcome to this quick update guys.
ZEN BTC has been trading at the bottom, certainly
Technical perspective:
Breakout of the 128 days long Falling wedge channel
Currently forming a bullish pennant
Double bottom formation
A lot of fundamentals at the end of June and July which will eventually create a lot of HYPE.
So I think buying the dips would be profitable in future.
ENTRY:
5500 TO 6330
Targets:
1. 8022
2. 8683
3. 9675
4. 10277
5. 11969
Stop Loss: 5337
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STAY SAFE
#Peace
ZEN/BTC, BULLISH CYPHER, FALLING WEDGE, ATTEMPTING BREAKOUTIt has formed a nice harmonic and is attempting a breakout of it's immediate resistance of the falling wedge. Safest bet would be wait for it to make another attempt to breakout to enter but keep SL behind support once it bounces. I am liking what I am seeing on this and if this current pattern breaks down, I expect it to make a Bullish Bat pattern (falling to the 0.886) before its rally upwards. So overall, the R/R look good to me here as I am expecting it to test 100 WMA.
I AM NOT A FINACIAL ADVISER, DO YOUR OWN RESEARCH!
ZENBTC Long term trading planWeekly: (events incoming on 31.05)
-price formed a higher low which could mean a reversal in trend
-sell pressure is decreasing
-RSI seems to be in an ascending channel
-MACD seems to head for bullish territory
-will check for an entry on lower time frame betting on a long
Tools:
EMA's 8/13/21/55 (scalp)
MA's 10/20/50/100/200 (swing trade)
RSI , MACD , VOLUME , FIBONACCI,DIVERGENCE
STANDARD PIVOTS , CANDLES, TRENDLINES
ZEN/BTC (Pullback Correction?)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
ZEN is looking for short-term upside#ZEN / BTC ( OKEx, Binance )
Buy Range : 0.0006130
Stop Loss : Daily close below 0.0005755
Target 1 : 0.0006475
Target 2 : 0.0007600
- Nice short-term bullish reversal on ZEN. Price indicators looks like sellers has gone and price could retest the last support ( now resistance )
- Indicators looks bullish. MACD crossing, RSI going up after test lows. CCI green...
- Our target points are the next demand zone for ZEN vs BTC.
- Good overview on the weekly, which show how this coin have more room to the upside with a very good risk/reward
- Perfect market situation for alts
- ZEN vs usd still sideways. So lets go !
More trading signals in my premium channel
GL
Horizen Hits Support (Full Chart Mapped)Here we have the chart for Horizen (ZENBTC) fully mapped.
On the chart above we have the most important Fib. levels marked.
Fib. retracement (support) and extension (resistance).
You can look at the "Decision Point" at 0.0006038 to know where prices will be headed next.
Below this level, ZENBTC goes bearish (we remain bullish even if prices drop).
Above this level, ZENBTC goes bullish.
Since Horizen is now trading near strong support with some early signals showing up, chances are that prices can move up here, still, the 0.0006038 needs to be conquered first for confirmation.
This is not financial advice.
Thanks a lot for your support.
Namaste.
Shilling my positions : ZEN BTCFor the series, let's shill my positions today we got :
Pair : Zen BTC
Full name : Horizen
Coin Type / main feature : 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.
The team is working towards releasing the Horizen platform upon the world so that anyone can build privacy-based applications with the option to monetise their creations. This will allow Horizen to bring thousands of real-life services to the mass market.
The platform itself is being built on top of a truly decentralised side-chain based system powered by Horizen’s multi-tier node network. The project utilises a sustainable funding mechanism and intends to empower all ZEN holders with decision making authority via a treasury governance system designed in collaboration with their partners, Input Output Hong Kong (IOHK).
Horizen has one of the largest node networks in the industry with 21,000 reachable nodes across 56 countries, a passionate worldwide community, a team of over 50 professionals, and an ambitious roadmap driven by continuous investments in cutting-edge research and development.
Reason for going Long / Method of trade : Macd divergence
Past history of the same trade type : Divergence of both histogram and macd line produced high bounces (30/50%+)
$ZEN, retesting & bouncing from ~78k sats support...$ZEN
Trying to get some traction after retesting & bouncing from ~78k sats support breaking descending trendline from February Highs
No UCTS Buy signal on the Daily but some are showing up on lower TFs
Aiming for an entry as low as possible w/ tight SL could be an option.
#ZEN
Horizen / ZenCash - Cup & Handle Formation on Bitcoin pairZEN is going to complete a fantastic "Cup & Handle" pattern on its pair with Bitcoin.
Fundamentals
Horizen (ZEN) Is an inclusive ecosystem built on its massively scalable blockchain platform where everyone is empowered and rewarded for their contributions.
Horizen is a blockchain technology platform that empowers users to transact and communicate securely.
The ecosystem uses advanced cryptography (zk-SNARKs) to provide users with optional privacy features.
It has strong parnership with Engeneering Universities and has Big Global Consultant Companies Partnerships
Halving is Upcoming at block number 840000 to deflate currency approx since next December
Web Reference
www.horizen.global
ZENBTCLongterm trade. Looking at the daily, currently bounced off of 61.8% Fibs. Long off double bottom on 61.8 or wait for break in downtrend and long off retest. Could day trade between resistance levels on the way up. Or sit back, kick the heels up and watch it launch to the top of the channel. Pretty decent RR.
ZEN/BTC Short-term trade with Mid-term potentialAs you can see from the graph, ZEN is in descending channel right now, however, it is showing some bullish signs. After a short-term growth ZEN is forming a triangle pattern , which break out will lead us to the first target of 9840 or 10% profit. After that, if ZEN breaks out descending channel and holds above 9600 , H&S pattern will be confirmed and will bring us to the next target of 11000 , which is more than 20% if you buy now.
Cheers, wish you to make some money on this trade!
Horizen (ZEN) vs BTC*swing trade opportunity*
Bearish Divergence on the 3-day and weekly charts with Stochastic RSI heading south. 1-day chart is showing a clear trend reversal with lower highs (see below). Easy 25% drop from here as first target, 50% has potential.. need to wait and see.
daily chart
weekly chart