ZEN
ZENCASH: BLUE FRONTIERS PARTNERSHIP - PROFIT = 31.55%!!!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 24th of May 2018 .
Using this buy in point and selling at today's price, you would have expected to net 31.55% PROFIT!!!
The increase in price may also be explained by positive developments including:
April 25: Digital Currency Group has added ZenCash, a little-known, privacy-focused coin, to its "conviction list" of cryptocurrencies.
May 18: PaytoMat (Cryptocurrency payments solution for POS and e-commerce, offering loyalty rewards for end customers and merchants, combined with protected multi-currency wallet) adds support for ZenCash.
May 19: Ledger Nano S (cryptocurrency hardware wallet) adds support for ZenCash.
May 23: ZenCash releases updates to Arizen Wallet (Arizen v1.1.6). This includes updates including automatic logoff and Travis CI support to allow for faster development cycle.
May 24: Binance lists ZenCash.
May 24: CoinZodiac announces that ZenCash is one of the top 12 privacy coins.
May 25: ZenCash and Blue-Frontiers recently signed a letter of intent to partner and explore technical opportunities where both projects can collaborate on a variety of timely social, economic, and governance issues.
This also includes the construction of Offshore Societies.
The positive developments above (including the Binance Exchange Listing) have caused an increase in demand have forced up prices.
***The "Crypto Bottom Signal" used in this analysis is included as part of the Crypto Trade Signals subscription.***
ZENCASH Bear Flag 15M ZenCash was listed on Binance today which caused ZEN to explode in price and volume.
This was a synthetic breakout in my opinion, and I believe that ZEN will see a drop in price soon.
Here are a few reasons why I think ZEN will fall in value:
1. Bear Flag (illustrated on chart) has been broken
2. RSI has been moving in overbought area
3. Volume has decreased since breakout
4. BTC is dropping and this is one of the only coins in the top 100 that is up in value
**Trade at your own risk, I am not a professional trader or financial adviser**
Zen Cash's handle is another cup and handle. Double C&H?Every cup and handle that's materialized across the alt market the past week or so has had its own distinct nuances in its cup and handle....Zencash's handle actually appears to be another cup and handle. So it is esentially a double cup and handle. This should help it break above the rim line o it's bigger cup and handle with more authorrity than some of the other cup and handles who have poked their price actions head above their rim line and then bounced back under it. One thing I'm noticing in many of these current cup and handle patterns, is that the lowest point of their handle is approximately 1/2 the price point as their projected breakout target...meaning if you could buy in right at that point you'd have solid odds of doubling your investment on a lot of these cup and handles within a very short time. Of course this is simply a hypothetical observation and in no way shape or form meant to be taken as financial advice. You make your own choices there. So good luck and thanks for reading!
Day trading ZEN Zen has been on fire the past week running from 0.0022 to 0.0037. It broke through the local, short term, trend support on the 1 hr, So it is a sell. I am expecting a retrace to at least the support for this whole move - lower red line. It has bounced here several times, but the CMF has bearish divergence over this whole move on the 4hr chart, so it could break lower this time. RSI's on 4hr and 1 day are high too. I am buying at the support of the movement, and setting a SL if it breaks there. Simple trend trade.
This is not financial advice. I am not your financial adviser. Trade at your own risk.
ZEN (GOLDEN GOOSE???)(15X POTENTIAL!!!!!)Privacy coins always had a amazing returns in crypto examples being cash monero we have seen immense potential and increase in them.
ZENCASH is also an privacy project and soon in near future we will see immense growth in this project.
you should checkout their project it has great potential.
they provide fully encrypted anonymous transactions.
ZEN/BTC at Meaningful JunctureZEN has seen considerable movement ever since the Palm Beach Shill Report, but it's dropped precipitously since the Mt Goxening part 2. Predominantly, volume has been lacking for any significant movement as of lately. If ZEN can break upwards then it has one major pivot / inflection point before reaching its next line of resistance. With ledger support coming, its uptick in marketing and outreach, and its cheap node investment are all signs that I see a good 2018 for ZEN.
Recent News:
Reddit AMA: www.reddit.com
Crypto Invester Show Booth: twitter.com
Ledger Hardware Wallet Support Coming: mobile.twitter.com
ZEN ATM's announced for South America: www.reddit.com
Zencash VS Bitcoin Approaching Key ResistanceFollowing the previous idea on ZenCash cryptopost.com , the price has started to grow as expected after rejecting the btc 0.0033 support. The upside potential remains very large, however, to realize it, there is a major resistance that has to be broken first.
The resistance is at btc 0.00567, that is confirmed by two Fibonacci retracement levels. If ZenCash will manage to break above, the price could go as high as btc 0.01.
On a downside note, break and close below btc 0.0033 could send price lower, back to the next support at btc 0.0025, but it still should not invalidate bullish outlook.
Zencash VS Bitcoin Calling For ActionZencash formed the support at btc 0.0010 where it formed a double bottom back in October 2017. Almost immediate spike up followed reaching the high at btc 0.0052. However, after that ZEN/BTC consolidation continued and only recently it broke above the downtrend trendline and the 200 Moving Average.
Zencash bounced several times off the 200 MA and the once of the downtrend trendline that are obviously now acting as s strong support. All these facts are just calling for action as Zencash is looking very attractive in terms of a buying opportunity. The price could grow by 220% as strong resistance is seen at btc 0.01, confirmed by two Fibonacci retracement levels.
ZencashIf you divide the chart in the middle you will see zencash created a support and resistance line. Inside there we also see a cup&handle formation that broke out perfectly. Now it seems like it has created a new support and resistance level, instead of a cup&handle we see an abcde correction inside. If the price hits close to E I will take up a major position for the next breakout.
Disclamer: I currently hold no zencash, and this is simply my opinion.