Horizen
ZEN getting out of its accumulation zoneAnything backed by Grayscale is worth paying attention to, and ZEN is one of those projects. One of the biggest ones in terms of privacy and with big backers. Potentially it could be listed on Coinbase and I will also present those coming next on Coinbase based on my opinion. The ZENBTC charts looks a bit like ADABTC before the key breakout (on lower timeframes), while the ZENUSD chart broke its ATH, retested and now making a new one. Looking very strong on both pairs and both look special compared to other charts (quite different).
In this thread I have all the alts I think would be listed on Coinbase. The only ones I missed where BNT, 1INCH and SUSHI, but I think more of the ones on the list are coming. Definitely worth talking about some of them.
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ZEN Trying To Sustain Above EMA-50, May Give Pullback Upto $140Horizen price traded at $118 with a loss of 9.55% in the last 24-hour and 2.02% down in the weekly time frame. Furthermore, Horizen price bounced from the support of $100. In contrast, the market capitalization stands at $1.31 billion. Technically, investors can perceive a positive crossover in the EMA, and the price is sustaining above the 55-EMA. RSI index showcases a downward slope. Moreover, the price movement can be towards the resistance of $140 in future trading sessions.
Resistance: $140
Support: $100
Horizen (ZEN) • Final major resistance before next 10xWe are just meeting final structural target based on past PA.
I still see this a hold because chances this will do another 10x from where we are.
In terms of fundamentals is still strong. Backed by Grayscale, continuous development and growing community.
In terms of technicals is still strong. Volumes show steady growing interest but nothing really usual or fomo like volume signatures, major trendlines has not been broken, trading above clouds, consistently trading above weekly averages. I see no reason to sell this coin.
HORIZEN (ZEN) GREAT POTENTIALHello Traders
As you can see in the chart above, ZEN is Extremely bullish on technicals
if we see the ZEN/BTC chart, it obviously has a great potential on both USDT and BTC pairs.
On the other hand
Recently I'm more focused on fundamentals, to
this project has robust technology. It's a privacy token, too, with a cross-chain.
Recently ETH has a high gas, so all of the scalability tokens started to pump.
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What is your opinion? Comment below.
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Goodluck.
ZENBTC STRONG CHARTHello traders
As you can see in the chart above, Horizen (ZEN) has broken its descending Trendline, and I'm looking forward to seeing it touch the 0.618 Fibonacci level.
I will update the Fundamentals and the ZENUSDT on the next Idea.
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What is your opinion? Comment below.
If you like the idea, please hit the like button and follow me so that you won't miss the updates. The information given is never financial advice. Always do your research too.
Goodluck.
Horizen (ZEN) Hits New High + Next Target MappedGood things happening for the Altcoins/Cryptocurrency markets... Today, Horizen (ZENBTC) hit a new high compared to Nov. 2020 after a higher low.
This is great news because it signals that many of the other altcoins will also move higher and hit new highs, which opens the door for even more growth.
This is the same chart I drew on Jan. 10 but updated:
The "next target" is marked on the chart.
You can find additional targets if you move the chart higher.
Sit back, relax and just enjoy.
Namaste.
Horizen ZEN - The Path to $100- Volume has driven into privacy coins such as ZENUSD after big tech began an online censorship & purge campaign.
- Horizen is uniquely positioned to outperform other privacy coins with a market cap well below XMR and ZEC, and a supply replicating Bitcoin in scarcity (21m maximum ZEN).
- Horizen's privacy component is optional, similar to ZEC, which makes it less of a regulatory target vs XMR and more flexible and useful.
- Horizen is supported by Grayscale who openly advertise their Horizen Trust to investors. This platform will continue to drive further demand into ZEN.
- $100 Horizen would = $800m market cap (at current supply). Well and truly within reason as I expect this coin to surpass $1bn in market cap eventually.
- $33 is major resistance, with blue sky after that breaks, towards $100.
Horizen (ZEN) Strong Breakout, Down Trendline BrokenZENBTC (Horizen) is coming out really strong out of its downtrend with a strong bullish breakout.
The down trendline that started on 25-Nov. is being obliterated today, huge strength and volume which both signals the reversal of a trend... Additional growth can follow for this altcoin pair.
The RSI and MACD are also very telling with a strong curve up... Trending higher.
Since we ended up with a higher low compared to the 20th of November, we can expect a higher high to hit next... This means, that prices will go to 0.0010291 and beyond.
This is not financial advice.
Thanks a lot for your support.
Namaste.
Horizen (ZEN) • Underrated privacy-chain backed by GrayscaleHorizen is a privacy-chain and sidechain tech that is backed by Greyscale ( grayscale.co)
More info on ZEN: www.horizen.io
At the date of this video remain in near top 100# which I think is under everyone's radar and extremely undervalued if you pay attention to what they are doing.