ZN For long term investmentThe ZN showed an equilibrium of trend since 15 April. So for long term investment, we need to wait for the point break of the rectangle
Only the rectangle could give us an idea of how it would move for the next month.
- Right now if you have already placed a long term investment in ZN you should keep it and wait for the beak of equilibrium, to decide the next move.
- If you think about investing for the long term in ZN, it would be better to wait for a breakpoint sign of the equilibrium.
Znodes
XZC with strong momentum following Znode announcement!Following my post ~2 weeks ago mentioning consolidation ahead of Znodes which came a day or two before Znodes we are much, much higher! To host a Znode people need to accumulate a minimum of 1,000 Zcoins and they'll be awarded with a masternode that they can run and generate solid returns in 2018 and on!
Now for the charts.. Given the massive rally don't be surprised if you see some sideways movement / accumulation or a slight pullback as some people take profits. A major research provider sent out a note telling people to take some profits on their XZC and even with that we've been able to hold the ~400k SATs level so far which has served as a level of resistance / support in the past. Below that we have ~375k and then ~320k below that as levels of support. Znodes are expected to go live in the next 1 - 3 weeks which can serve as the next catalyst if they go live and people are staking and earning XZC without any unexpected surprises or delays.
This is one to keep a close eye on and I see any dips here as potential buying opportunities for a longer-term hold as the team continues to do great work expanding their presence / acceptance and developing an incredible privacy focused coin / technology.
This is a phenomenal team focused on carving out their niche in private transactions in emerging markets. Let's give them our support!
Happy trading!
Abe