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Horizen

ZEN/USDT Break out confirmed. Ready continue upward movement ?💎 Paradisers, #ZENUSDT has undoubtedly seized the market's attention. Presently, ZEN has made a successful breakthrough of a significant volume in the key supply area. This has led to ZEN entering a retesting phase in the demand area, which was formerly a supply area. While there's a possibility of ZEN returning to retest the demand area, any retracement is subject to market dynamics. 💎 However, if #ZEN manages to avoid revisiting the demand zone, it's well-positioned for continued upward momentum and could probability reach our target area. 💎 On the flip side, in the event that LSE:ZEN fails to rebound from the demand level during the retesting at $11, there's a risk of ZEN breaching the demand and descending to the lower demand area around $9. In such a scenario, it becomes critical for ZEN to stage a successful rebound from the $11 level if it intends to persevere in its upward trajectory. 💎 Should #Horizen experience a retracement to the lower demand area and fail to exhibit a rebound, it heightens the likelihood of breaching the demand area. Such an occurrence signifies a bearish turn in momentum and raises the prospect of ZEN continuing its descent, potentially revisiting the key support area.
by MyCryptoParadise
ZEN/USDT It is required break the resistance area to continue up💎 ZEN has certainly captured the market's attention with its notable rise. Recently, ZEN has achieved a breakout from the Ascending Channel pattern, surpassing the supply zone at the $8.57 mark. Currently, ZEN is experiencing consolidation within a significant resistance zone. 💎 For continued upward momentum, it's crucial for ZEN to breach this resistance zone; otherwise, it may retreat to the demand zone to gather additional strength for another upward push. A successful breakthrough at the $9.50 resistance level, with a candle close above it, would likely signal a sustained upward trend, the probability ZEN toward the projected supply zone target. 💎 Conversely, in a less favorable scenario, should ZEN return to the demand zone without demonstrating a bullish rejection or a bounce, it may indicate vulnerability at this level. A failure to hold the demand zone could lead to a re-entry into the Ascending Channel, suggesting a false breakout. This would likely initiate a bearish phase, with the potential for ZEN to regress towards the support zone.
by MyCryptoParadise
ZEN/USDT Break Alert, Bullish Momentum ?? Horizen Analysis TodayYello Paradiserzs, Bullish Momentum for #ZEN 💎 ZEN has successfully broken out of the major falling wedge pattern, indicating a bullish momentum and a potential continuation of upward movement. 💎 Examining the price action prior to the breakout, ZEN has tested the demand area thrice. This area has consistently sustained ZEN, preventing further decline and reverting it back to the key support area. This led to a period of sideways movement for several weeks, which can be interpreted as an accumulation area. Now, ZEN has successfully navigated beyond the major constraints of the falling wedge pattern. 💎 Given the breakout from the pattern, there’s a potential for ZEN to establish a new higher high, considering the key support area previously marked the bottom for ZEN. 💎 However, this scenario would be invalidated if ZEN were to close below the key support on the weekly timeframe.
by MyCryptoParadise_Nathan
Horizen | Altcoins vs Bitcoin Will Grow Or Correction -Must ReadIn my latest Bitcoin article I mention that the BTC pairings for the Altcoins will undergo a strong correction once Bitcoin starts to move... But this is only valid to the pairs that have been growing since May/June 2022. You can read the full article below: Bitcoin $21,650 Followed by $26,420 vs Altcoins BTC Pairings Now, the remaining Altcoins vs Bitcoin (ALTSBTC) pairs can grow, those that are hitting lows just now as we can see here on the ZENBTC chart. Also true for ZECBTC which I shared recently (check my profile). There are now over 22,000 cryptocurrencies listed on CoinMarketCap, so imagine, there is always going to be a bit of everything with so many options available. So we can make some generalizations but this won't apply to the entire market as every chart is different and should be treated separately. ZENBTC is now turning bullish after coming out of a new low. You can see additional information on the chart. Namaste.
Long
by MasterAnanda
3
🆓Horizen (ZEN) Mar-10 #ZEN $ZEN The current buying power of ZEN is very strong, if it doesn't fall out of the $38 zone it will continue to increase rapidly to the $50 zone. However, if it loses the $38 zone, it will fall very hard because there is no support between the $38 and the $32 zone. 📈RED PLAN ♻️Condition : If 1-Day closes ABOVE 38$ zone 🔴Buy : 38 🔴Sell : 44 - 50 📉BLUE PLAN ♻️Condition : If 1-Day closes BELOW 38$ zone 🔵Sell : 38 🔵Buy : 32 - 28 ❓Details 🚫Stoploss for Long : 10% 🚫Stoploss for Short : 5% 📈Red Arrow : Main Direction as RED PLAN 📉Blue Arrow : Back-Up Direction as BLUE PLAN 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section
Long
by CryptoStation
ZEN (Horizen) Coin Analysis 15/03/2021Fundamentals: Horizen is an interoperable blockchain system, supported by a decentralized node infrastructure. Its sidechain platform focuses on scalable data privacy, and as such enables businesses as well as developers to build private or public blockchains using the unique sidechain technology known as Zendoo. Horizen launched in May of 2017 and strives to ensure data integrity and privacy through enabling real-world use cases. Horizen claims to be completely decentralized, fully customizable with privacy features and supports low costs associated with building blockchains with configurable revenue models and unlimited number of tokens and digital assets. Horizen uses a sidechain architecture that can open up a myriad of potential real-world use cases. This cross-chain transfer protocol allows for decentralized sidechains. These are separate blockchains that are pegged to the parent blockchain that can run simultaneously. Horizen has a mission of empowering people and bringing them closer together through the process of building an inclusive ecosystem where everyone can be rewarded for their contribution. Zendoo is the decentralized and customizable sidechain solution used to overcome current limitations regarding scalability and extensibility in blockchain. It is a parallel platform with enhanced features that enables the deployment of public or private blockchains at scale, and the SDK provides the components required to build a decentralized blockchain. ZEN is the native cryptocurrency for the Horizen ecosystem. The founders of Horizen are Robert Viglione and Rolf Versluis. Robert Viglione is the co-founder and CEO of Horizen Labs, as well as the co-founder and president of the Zen Blockchain Foundation. He is a PhD Candidate of Finance in the University of South Carolina and worked as an operations research analyst at Lanmark Technology. He also worked as an advanced analyst at Tecolote Research and as a project manager at the United States Air Force. Rolf Versluis is the co-founder and executive advisor of Zen Blockchain Foundation. He is an experienced business owner in the IT industry and owns a mid-size mining operation. In the past Rolf worked at Cisco systems, the semiconductor industry, and as a nuclear trained officer in the US Submarine force. Jane Lippencott was a member of founding team and co-author of the original whitepaper. She is now an associate at Winklevoss Capital. She is also a 2021 VC Cohort at All Rise, as well as an advisor at Teller Finance. Jane is also a mentor at the Open Web Collective as well as a mentor at Celo and Katapult Accelerator. She is a contributor at Nakamoto.com. She worked as a mentor at Blockchain for Social Impact Coalition (BSIC), a mentor at dLab and a mentor at Ethereum Classic Labs, an advisor at Unbounded Capital, a mentor at Techstars, and was a member of the Board at Cord. Technical Analysis: as we can see the coin has done its Accumulation phases and now it is on its UP MOVE, we are Longing it on its recent retracement and price correction where it can be presumed as another Reaccumulation phase we are defining 3 targets where as the 3 targets gets Confirm as the price triggers the 2 Target followed by some distribution and price correction.
Long
by BitonGroup
4
🆓Horizen (ZEN) Nov-4 #ZEN $ZENZEN is having a good support at the $80 zone and we can accumulate more at this zone for the targets of $100, $120 and $160 in the near term. If it loses the $80 zone, we can consider buying it back at the $70 and $60 zone 📈RED PLAN ♻️Condition : If 1-Day closes ABOVE 80$ zone 🔴Buy : 80 🔴Sell : 100 - 120 - 160 📉BLUE PLAN ♻️Condition : If 1-Day closes BELOW 80$ zone 🔵Sell : 80 🔵Buy : 70 - 60 ❓Details 🚫Stoploss for Long : 10% 🚫Stoploss for Short : 5% 📈Red Arrow : Main Direction as RED PLAN 📉Blue Arrow : Back-Up Direction as BLUE PLAN 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section
Long
by CryptoStation
2