ZenCash VS Bitcoin Possible Correction DownZenCash has been trending upwards since 24th of June, and has climbed from $15 up to $34, gaining 134%. Recently ZEN/USD faced the resistance at $32, which is 127.2% Fibonacci retracement level applied to the last corrective wave down.
Price has spiked above the resistance, althogh failed to close higher, suggesting the corrective move down. At the same time ZEN found the support at $28, which is 50% Fibs, that was rejected today. As long as price stays above that support, ZenCash is likely to consolidate.
Currently there are two important support levels to watch, $28 and $25, which corresponds to the uptrend trendline. Break below $25 should result in further decline towards $21 and even $18.
On the upside, clear break and close above the $34.6 is required in order for the uptrend continuation to take place.
ZENUSD
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.
ZenCash - Soon to be the Number 1 Privacy Coin on the market!The latest Palm Beach Report is out, for those who are not familiar with PBC. They picked Antshares/Neo at $0.12USD, they picked Stellar ($XLM) the week BEFORE IBM partnership announcement so there up there with the best. There newest report claims the next x 50 coin is $ZEN. They are anticipating a big announcement from $ZEN in the coming weeks that will flip the game on privacy coins and push $ZEN to a 1-2 Billion dollar market cap. Since the report came out price exploded from $10 to $30. The team is made up of aMercenary Mathematician, Nuclear Sub Officer, NASA Hacker.
Based on the charts a profitable entry would be around 0.0036 sats and if you want to limit your risk buy the breakout. Keep in mind this coin is currently sub 50 Million USD market cap so this could easily run 200-300% in a matter of days.