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 !!!
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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
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ZENBTC trade ideas
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.
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)
$ZEN, buying pressure against ~42.6k sats resistance level$ZEN
Lagging regarding other alt coins never jumped on the Alts party that we have over the last 2 weeks..
Currently seems to be finally getting some buying pressure against ~42.6k sats resistance level
If crossed/flipped, then aiming for ~48k/53k as targets.
#ZEN