ZENUSD
ZEN/BTC (Retest Recent Low Support?)BINANCE: ZENBTC
-Horizen tested the previous swing low at 5560 sat range
-We saw a good bounce but currently faces rejection by the trendline resistance
-If ZEN will pullback, it will likely to retest the recent low and form a double bottom
-A double bottom reversal will only confirm if the trendline resistance is broken up
-This will take a few days so please be patient and wait for a safer entry
-The ideal stop loss is placed under the green support line
-And the upside potential is up to the recent swing top at 9953 sat
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ZENBTC...You don't want to miss this breakout !! It's gonna skyThis will be a nice breakout in the next days/weeks
It's a very nice project!!!
Buy 8.500 - 7.700
TP1: 12.000
TP2: 14.000
TP 3 17.000
TP4: 20.000
No SL
It's a very nice trade...If you want to hold it as investment it will be a nice profit in next months
ZEN/BTC (Testing Key Resistance Top)ZEN/BTC
-Horizen is currently trying to retest the recent top at 10k sat
-It is crucial to buy at current market price
-Because we don't know if ZEN can break this resistance area
-I recommend waiting for the breakout confirmation
-That will give us a strong bias that the uptrend is valid
-You can either enter on breakout or retest (pullback)
-Upside scenario is up to 14k sat to 19k sat range
ZEN/BTC (Weekly IH&S Pattern?)ZEN/BTC
-looking at the weekly chart
-this may be forming a bullish Inverse H&S pattern
-the confirmation of this pattern is the break of neckline resistance
-if this reversal setup will play out
-most likely aggressive long term buyers are already scaling in the RS
-while breakout traders are awaiting the neckline break confirmation
-well, this is a long shot and a lot of things may still happen in the mid
ZEN/BTC (Pullback Correction?)ZEN/BTC
-strong push up after breaking the yellow box resist
-we need to pullback to confirm old resist turn new support
-key areas to watch is between 6900-6500
-if we see rejection at this area of support
-it is likely we will see another leg up to test the next high
-target potential upside is 9650s
ZENUSDT formed bullish BAT | A good long opportunityAfter forming successful BAT pattern the price action has taken bullish divergence more than 10% the priceline of world's 66th ranked cryptocurrency Insolar Horizen (ZEN) has formed bullish BAT pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
Lets have a look on the move of price action to see how perfect this pattern is driven:
After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B Fibonacci projection area and last leg (C to D) is retraced between 0.786 to 0.886 Fibonacci and now the price action is moving in potential reversal zone of this bullish BAT and now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg , but if after this bullish divergence the candles sticks will be closed above the 0.786 Fibonacci projection area of A to D leg then it can also lead to the long term bullish move.
As per Fibonacci sequence method we can set our targets as below:
Buy between: $7.61280 to $7.53763
Sell between: $7.79212 to $8.06659
So this is a very short term 4hr based chart good long opportunity
Regards,
Atif Akbar (moon333)
The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not an investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic BAT pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
ZEN/BTC TA Update (1 More Leg Up?)ZEN/BTC
ZEN is still following the upward trend-line of resistance from the Low 4000 sats area. The price is trading above 200 Day MA for more than 30 days already signaling us that this coin is stronger
against the bears during the BTC Dominance breakout recently. If ZEN can keep this level for a couple of days, I would expect another leg up to restest the Swing High at 11000 sats area.
ZEN/BTC TA Update (Bull Run Ready to Start?)ZEN/BTC
Despite recent BTC Alts dump, ZEN manages to break bullish after trading above the 200 Day MA for a couple of days.
New Higher Low support is now built plus the 200 MA will act as immediate support in case of a deep pullback.
The overall market structure is bullish right now.
Horizen (ZEN) | +47% PP | FREE TRADING SIGNALPair: ZEN/BTC
Exchange: Huobi/Binance
Trade Duration: Medium
Risk: High
Signal Strength: High
Introduction
Horizen (formerly ZenCash) is an incentive-driven application platform with optional zk-SNARK based privacy features that aims to provide everyone with complete control of their digital footprint. Launched in May 2017 (no ICO and no pre-mine), the leading-edge platform enables real-life use cases beyond the ZEN currency, including the ability to privately chat with others, publish information and go anywhere on the web with complete privacy.
Our Entry Zone
0.001638 - 0.001792
Our Targets
1: 0.002020
2: 0.002401+
Our Stop Loss: 0.001595
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DISCLAIMER:
Axsonex are not registered financial advisors and no information we provide is intended as financial advice. It is our opinion and nothing more. This report is for informational use only. Trading and investing in Cryptocurrencies is extremely high risk. Ensure that you conduct your own due diligence before deciding to invest in any asset. We have not/will not be(en) paid to endorse this project. You are responsible for all actions you take as a result of reading/viewing this page.
ZENBTC Price Analysis: ArisingHorizen has been laying low, but some key announcements reignited interest in the project.
Horizen has a bullish short-term bias against BTC, with the ZEN / BTC pair correcting back towards the April monthly trading high
ZEN / BTC pair has a bullish medium-term trading outlook
A large inverted head and shoulders pattern is present across the daily time frame
Horizen / Bitcoin Short-term price analysis
ZEN has a bullish short-term trading bias against BTC, with the ZEN / BTC pair trading well above its 200-period moving average on the four-hour time frame.
The four-hour time frame is showing that the ZEN / BTC pair is gaining bullish trading momentum and attempting to correct back towards the April monthly trading high.
Technical indicators are bullish on the four-hour time frame, although they are starting to appear overstretched.
Pattern Watch
Traders should note that an inverted head and shoulders pattern will form on the four-hour time frame if bulls move price back towards the April trading high.
Relative Strength Index
The RSI indicator on the four-hour time frame is bullish, although it has moved into overbought territory.
MACD Indicator
The MACD indicator on the four-hour time frame is also bullish, although it is starting to appear overstretched.
Fundamental Analysis
In April, Horizen partnered with Horizen Labs which has raised 4$ million from Digital Currency Group (DCG) and Liberty City Ventures. Horizen Labs will be working with businesses to help them build their own sidechains on top of the Horizen’s public blockchain. This is likely the reason why ZEN’s price has been growing for the past several weeks.
Horizen / Bitcoin Medium-term price analysis
ZEN has a bullish bias against BTC over the medium-term, with the ZEN / BTC pair trading back above its 200-day moving average.
The daily time frame shows a large inverted head and shoulders pattern, with buyers rallying the ZEN / BTC pair back above the neckline of the bullish pattern.
Technical indicators across the daily time frame are currently rising and issuing a strong bullish signal.
Pattern Watch
Traders should note that the November 18th, 2018 swing high is the overall upside target of the inverted head and shoulders pattern on the daily time frame.
Relative Strength Index
The RSI indicator is also bullish on the daily time frame, although it is approaching overbought territory.
MACD Indicator
The MACD indicator is bullish on the daily time frame and is currently generating a strong buy signal.
Fundamental Analysis
Horizen looks interesting on the fundamental level. It has a good development team and plans a number of technological improvements to its platform in 2019. Along with Horizen Labs the project can potentially increase the level of adoption of its platform, which can have a positive effect on the value of the network in the medium term.
Conclusion
ZEN is growing increasingly bullish against BTC over both time frames as the cryptocurrency attempts to recover from last month’s trading losses.
If bulls can maintain the bullish momentum and continue to rally the ZEN / BTC pair, a much stronger rally towards the November 18th swing high may occur.
Smallest market cap asset playing on Wall StreetFrom ZenCash to Horizen
Horizen, known as ZenCash before rebranding, started through a fork of the Zclassic (ZCL) blockchain. Zclassic itself was a fork of the privacy-centric cryptocurrency ZCash ZEC
More than just a ZCash ZEC fork
Since Zcash is also a privacy-centric crypto, Viglione noted he believes Horizen made a breakthrough in side-chain technology, which would help its network scale to accommodate large amounts of transactions more efficiently than those of Bitcoin or Ethereum.
Follow in the footsteps of leading digital currency asset managers
In September 2018 Grayscale Investments announced the launch of Zen Investment Trust, a single-asset investment vehicle solely comprised of ZEN.
Large scale institutional adoption
Financial institutions, hedge funds, investment sponsors, RIAs and family offices represent want in. These investors will require an investment vehicle that is secure and compliant in a rapidly changing regulatory environment.
Horizon ZEN has the lowest market capitalization of any digital asset available as an investment vehicle
Horizen - Neat small tradeZen obviously wants to break higher. I am observing it quite a few weeks and allways when we get to 13.xx levels, there comes a pump up. The last one was huge (some partnership announced), so I didn´t think we´ll be able to get back here again. Well, we did. It needed to test the accumulation zone with POC included.
So I can see two possibilities here :
1- We´ll bounce right away and be heading to 14.55 USD.
2. We´ll retest the low, possibly even the blue accumulation zone. And bounce afterwards.
Therefore I am opening half position now and if we get to lower levels, I will be adding to my position.
All signs show we should be bouncing now (Oversold stoch., oversold RSI, bottom of BB etc.). So if we´ll make an attempt down again, I guess it will be one in divergences, without volume. Only in that case I will be adding.
Watch that. I think Zen can easily even surpass the target and going for 20.
Have fun!
Horizen: 67% profit potential in following weeksZen is on a huge support and confirming his strength. It´s a great buy right now, but if you like to lower the risk, you can wait for the potentially lower price of 15,5 USD. That seems like the best buy level.
We should test the resistance line of the descending triangle around 26 USD, that is 67% gain from a recent price. On the other hand, 13,8 needs to be considered as an SL level. That gives us a unique 1:6 RRR.
Stochastic is getting into an oversold zone on daily and is massively oversold on weekly as well. That´ s confirming the move up.
Zone of 19-20,5 has to be considered as a huge resistance, so once we reach 19, I am moving my SL to break even.
Enjoy!