Zenusdt
ZEN/USDT Found supportZEN had an amazing rally this year followed by a big pullback.
Finally ZEN found support and is setting up for another rally.
Enjoy the ride and don't be too greedy.
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Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
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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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.
ZEN/USD - Watch this bearish divergence!ZEN has done very well these past few weeks. However, if you are looking to buy longer term, you need to watch out for this massive bearish divergence we have here.
RSI + MACD + Volume are all painting a very clear bearish divergence on the daily timeframe with lower highs every time we went higher in price. This shows buying interest is fading and once the momentum flips, price can quick fall down to support.
Nevertheless, ZEN can still push higher, but not by much in my opinion before sell pressure will take over and bears will have a party.
Levels on the chart. Don't FOMO. :)
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ZENUSDT - POTENTIAL RETRACEMENT ANALYSIS
- ZENUSDT brokeout above the previous ATH resistance.
- Price action is to printing a rising wedge pattern.
- RSI is a printing a bearish divergence signal.
SELL ENTRY ⬇️
- Breakdown below the rising wedge support.
TARGETS 🎯
- Fibonacci retracement levels
- Flip horizontal support (previous ATH).
SETUP INVALIDATION ❌
- Breakout above the rising wedge resistance.
ZENUSDT - Descending channel ANALYSIS 🔎
- ZENUSDT is printing a descending channel.
- Price is testing the descending channel resistance.
- The minor uptrend is supported by an ascending trendline support.
POSSIBLE PRICE ACTIONS
- Bullish ⬆️: breakout above the descending channel's resistance.
- Bearish ⬇️: breakdown below the ascending trendline support.
TARGETS 🎯
- Bullish ⬆️: horizontal resistance levels (R1, R2).
- Bearish ⬇️: horizontal support level (S1), descending channel support.
ZENUSDT - Potential sell entry 🔽ZENUSDT brokedown below the ascending trendline support.
RSI printed a bearish divergence signal.
Price action is printing a descending triangle pattern.
Sell entry ⬇️ - breakdown below the descending triangle's horizontal support.
Target 🎯 - fibonacci extension levels, descending channel support.
Setup invalidation ❌ - breakout above the descending triangle's inclined resistance.
ZEN/USD - Wait for correction to completeZen has touched the top of the larger wedge and now is in a correction. Therefore the bias is short. We also have a bearish divergence on RSI.
Wait for price to touch at least the local support level marked by Fib 50% or more likely the support at 61.8% after such a parabolic increase - i.e. 100% increase.
$14 is a great buy area, but wait to confirm that level as support. The larger wedge that is forming is a bearish pattern and we need to break-up to invalidate it.
Let me know what other coins you want me to chart.
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10 CRYPTOCURRENCIES TO 10X IF INVESTED IN 2021 | 9: HorizenDISCLAIMER: The following is not financial advice. Invest at your own risk.
This is part 9 of the 10 part series of 10 Cryptocurrencies you should invest in 2021 to have exponential returns in the future.
The investment strategy centers on fundamentals and predictive models. It assumes all exponential assets obey the following:
Volume and Price action is everything.
Price always reaches the upper band (green in color in the chart) of the previous cycle high.
Ignores black swans and outliers ("A black swan is an unpredictable event that is beyond what is normally expected of a situation and has potentially severe consequences.")
Price always regresses to the mean: Fibonacci zone 50%.
Each cycle's return diminishes by Fib levels: 100% to 78.6% to 61% and so on
Why you should invest in Horizen:
Projected ROI on Log Scale: 2163% or more
Projected Price Target: 227
Maximum Drawdown on Log Scale: 100 to 300%
Risk/Reward: 20X
Expected timeline: 1 to 3 years (Please note the predictive model doesn't predict time period. It simply predicts price projection)
Fundamentals of Price Movement:
Since chart data for Horizen is limited, we are going to focus on key fundamentals like Problems, Solutions, Team, and Investors. Please do your research before investing. I provided links at the end to help you out.
Horizen will be the monopoly to develop blockchain applications for privacy-focused enterprises. It will be an industry standard.
www.horizen.io
Grayscale crypto hedge fund, largest crypto hedge fund by asset management, backs it, Here is the investment research report:
grayscale.co
To understand it's vision watch this interview with its founder: youtu.be
Massive inflows of Smart Money in Bitcoin means massive inflows of money into major altcoins based on Market Capital.
Altcoins are one cycle behind bitcoin, which means the return in altcoins will be 2X to 10X the return of Bitcoin.
Total Crypto Altcoin market cap expected to reach 2.5 to 5 trillion in this cycle.
See the chart below:
Research Materials to Learn More:
www.realvision.com
www.horizen.io
grayscale.co
decrypt.co
Don't forget to like this if this helps you. Welcome to the greatest wealth transfer of the generation. Check the previous post below. Next post will be about NEAR
ZEN hit my TP1 and heading for next !!ZEN / USDT
Zen is mooning after breakout of trendline resistance
You can check Original signal here :👇
My members bought it early yesterday
(average buy 10.8$ )
Price hit my first target : 11.4$ -- And almost hit second target 12.3 (reached 12.27$) giving us 13.61% profit 🔥 until now
price still in momentum and still looks heading for next targets
Good luck 🤞 👍