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Horizen / Bitcoin

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ZENBTC trade ideas

ZEN about to shoot higher?Disclaimer: I am not a professional trader and this is not financial advice, just an idea of what I see. Crypto has a high risk/high reward ratio and moves faster than traditional markets. Only bet what you can afford to lose. I initially made a 24% gain on ZEN after entering on the 25.10.19. I saw ZEN hitting the daily 50 MA for a third time, along with a nice consolidation period. It kept holding the lower support (green rectangle) which gave it a relatively high probability of a move higher. I wasn't too sure it would hold the middle resistance level as a lot of battling happened over the course of several weeks and sold @ 0.005150 satoshis. Shoulda, woulda, coulda: I should have kept my position open and move my stop higher, but better safe than sorry. It ended up shooting through the middle resistance closing above it on the 7th of November. I waited for it to retest that new high, which it did on the 13th and opened a new position. We are now clearly forming a very nice cup, no handle yet. One of two things is likely to happen: 1 : ZEN finishes its cup formation as drawn in magenta, which would get the price to hit the 200 daily MA. We'll likely see some battle take place in that area. Look for the handle to form before we shoot up. 2 : ZEN trades sideways as drawn in green in its uptrend channel, creating a larger cup. How I would trade this: Wait to see what ZEN does. If it shoots up through there big red rectangle, we're likely going to hit some resistance, finishing the cup formation. At this point, we should see a consolidation period in the 70000 to 73000 satoshis as a new support level will form and you could open a position. If it gets back down, look if it holds the lower end of the trend line in the 58000 to 61000 satoshi and open a position there. Set your stops accordingly a tad below support.
by h311m4n
ZEN/BTC - Clearing the Bottom?Very little overhead pressure (small pink maybe) until about 7900 sats and that's 44%, also supported by the IchCloud. Next resistance is 100% (higher pink). ZEN broke and held the 100MA (blue MA), and a steady gradual growth, coming off a potential "bottom" cleanly with no square up's below. Lots of marketing and interviews being pushed. Easy place to hide a SL under at 11-12% under the 50MA (yellow) but even 10% puts you just under every wick since Oct 29th. Need some Vol to help support but great R:R from here.
Long
by Trade-X-Academy
3
Today`s ALT!!! ZENBTCBINANCE:ZENBTC Exchange : Binance Coin: ZENBTC Buy Zone: 0.000505~0.00047 Target Point: 0.000526/ 0.000547/ 0.000576/ 0.000624/ 0.00066 S/L: 0.00045 Risk: HIGH Term: Middle - Long You should be careful in buying ZENBTC because of Bitcoin It`s going on Retracement of breaking out Down Trending Channel There is Hidden Bullish Divergence with Retracement The Volume is slowly down, it needs more time to be pumping !!! ===================================================================== Today`s ALT is that information is raised regardless of the Coin market situation So sometimes there`s a high risk trading Investment is your responsibility. I'm just providing about coin`s information =====================================================================
Long
by timbearr
Horizen Breaks EMA50 | First Time Since July (70%+)Horizen (ZENBTC) is now breaking above EMA50 (magenta line on the chart) for the first time since July 2019. Notice the red hammers on the chart, each time EMA50 was challenged, ZENBTC was rejected and move lower. Now, we are seeing the increasing volume and a break above EMA10 and EMA50. This signal is only confirmed when the daily candle closes (12 hours from now). On top of the break of EMA50, we also have a very strong RSI with a MACD that is neutral but ready to print additional growth. The next target is EMA100 or 0.0005580. Up to 70%+ of profits if ZENBTC hits the main target drawn on the chart. This is a very strong bullish setup. You can expect Horizen, like other altcoins pairs, to continue to grow. Thanks a lot for reading. Namaste.
Long
by MasterAnanda
ZENBTC same cycle likely to repeat again| Upto 803% potentialLets have a brief look at the ZEN with Bitcoin pair: Then: In the month of Jan 2019 the MACD turned strong bullish before golden cross of 25 simple moving average with 50 simple moving average. In the month of Feb 25 SMA crossed down the price action and formed a golden cross with 50 SMA and pushed the priceline to the resistance of channel. Now: The same cycle is likely to repeat again. 25 SMA again crossing down the price action to form a golden cross with 50 SMA which will push the price action to breakout the resistance. 100 SMA is ready to form a golden cross with 50 SMA in case of breakout from the resistance of channel which will produced more powerfull bull thrust that can push the price action even beyond the 0.786 fibonacci (the end of sell zone is i have defined on chart). Volume profile of complete channel is showing very low interest of traders below the support of channel. I have defined Fibonacci sequence to set the sell targets as below: Sell between: 0.0018685 to 0.0034417: Regards, Atif Akbar (moon333)
Long
by moon333
2