ZENBTC trade ideas
Horizen weekly demand and potential target levelsHi ladies.
Here's one of my favorite shitcoins because of the illusion of muh good fundamentals and we all are obviously in it for the technology. So here it is... interesting price levels zones for ZENBTC I am watching.
Best!
$ZEN Testing ~1500sats support zone for the first time....$ZEN Testing ~1500sats support zone for the first time after breakout... Could be a good entry for a long position if current level hodls...
UCTS Buy signal on the 6H
Crossing over EMA50/100
Starting to cross over Ichi Cloud
Volume low for now...
targets on chart
#ZEN
ZEN/BTC will complete H&S model?ZEN / BTC is forming H&S model, if the price exceeds the neckline, ZEN will continue to increase
Huge Buying Volume is a positive signal for ZEN
Buy zone: below 0.001690
Target 1: 0.001950
Target 2: 0.002340
Stoploss: 0.001590
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Watch Support and Resistance LevelsGot rejected at the 200 Day, clear as day (No pun intended). Big sell off last few days, but could be a result of top coins rally. Will have to see if current support stays, with next level of support at 136540. RSI is oversold, which is a good sign, and could be running out steam on selling here. If we can hold support for a few days at current level, could retest the 200 Day again. Watching this one closely..
**This is not trading advice!**
Happy Trading!
Symmetrical triangle to determine whats next on $ZEN...
UCTS Buy signal active on the 2D (over 40% in profit since break)
MACD rising, RSI reaching overboughts levels. Crossing Ichi cloud
1800sats as resistance with EMA100... Breaking over it is key for continuation
#ZEN
Long ZEN on Re-TestClear breakout and re-test of wedge.
I've Already had a position but I'm buying more in the first green box and even more if we hit second green box.
Good luck.
EMA200 target reached after Inverse H&SUpdate on $ZEN $Horizen, Since our tweet about the Inverse H&S this asset just went up but with low volume.
Rejected at EMA100, today spike in volume pushed it up to EMA200 (Around 40% from entry).
Overall looks good, both RSI & MACD.
I think we can try a higher target for now #ZEN
Zen setting up for a good moveZen rising in parallel channel forming higher highs and higher lows.
consolidating in daily bearish clouds.A breakout from the cloud will slingshot to 0.236 level .
Target at green box 1800- 1900
Stop loss 1350 and below on Daily
ZEN-BTC Long Trade PlanCommodity : HORIZEN
Trade Type : LONG
Trading Against : BITCOIN
Entries : Double-UP Entries throughout the Buy Zone
Profit Taking : 25% at each TP point
Profit Locking : Move SL to break even once TP1 is hit, to TP1 once TP2 hits, to TP2 once TP3 hits and so on
Duration - 1-4 weeks
Investment in trade : 10% of the total Trading Balance.
Prospective Profit : 4% to 15%
Prospective Loss : 2.5%
RRR : SL to TP1 is 1.6, SL to TP2 is 3 , SL to TP3 is 4.3 and SL to TP4 is 5.9
Buy Zone/TPs/SL price points are marked in the chart as follows
Greens - Profit Targets (TPs)
Blue - Buy Zone (Entries)
Red - Stop Loss (SL)
ZENBTC_Possible Inverse H&S bottom structureZENBTC could be making a huge Inverse H&S pattern
Neckline: 1460
Shoulder support approx: 1280
Resistance 1:1670
Resistance 2: 2020
Horizen (ZENBTC) Breaks Above EMA10 (Long Term)Horizen (ZENBTC) is now breaking above EMA10 on the weekly time frame, which is a very strong bullish signal. Take a look at the chart here:
On this same chart, you can see the RSI coming out of oversold and the MACD curving up strong.
Perhaps you want to hit like now and we can continue with the daily time frame.
Horizen (ZENBTC) Daily Time Frame:
You can use shorter time frames you can confirm signals from longer ones.
On the main chart above, you can see now that ZENBTC is trading above EMA10 and EMA50, with the next target being EMA100 (blue line).
The EMAs are having a bullish crossover and the RSI is at its highest since ZENBTC was added to Binance.
The MACD is only now entering the bullish zone, telling us that there is still plenty of room left available for growth.
Thanks a lot for reading.
Feel free to hit like if you enjoyed this post.
Namaste.
ZEN in an uptrendEarlier this month $ZEN broke out of the massive falling wedge and started an uptrend.
Currently it is inside a channel, but if it breaks 0.00146 it could go parabolic.
ZEN looks great
If it pass resistance at 1400 we will see a nice bull run towards 1600-1650. I only hope Bitcoin won't spoil the chart as its latest pullback doesn't look healthy at all.
ZEN breaking Inverse H&S + descending channel.Inverse H&S breaking on $Zen,also breaking from the descending channel in play since July 2018.
For now volume looks weak. RSI & MACD both rising.
Currently hodling above EMA50.
Remember this are ATL zones, so set stop losses.
Breaking above ~1457 could be a trigger
ZEN Long Idea - Put your pennies in the wishing wellJust a Trading Idea, throw a few cents in, see what happens.
12Hr The signs are positive
- Bullish TK Cross alread
- Bullish Kumo Twist inbound
- Chikou Span above price
- Need to bust through the cloud in order for ZEN to spread its wings
3Hr
- Above the cloud
- Green skies ahead
- Chikou above price
- Bullish TK in bound
This has all the ear marks of Bullish play/continuation as far as the Ichimoku is concerned. A whale could destroy the books really easily, so I am just playing this for fun, no major commitments here.
ZENBTC Looking Ready for a Breakout, Bear Div is Worrying.12hour Price above all lines and cloud. Green Cloud ahead of price, giving us a 100% bullish setup.
3hour Price is above all lines and cloud. Green Cloud ahead of price, but the Tenkan is below the baseline, almost a 100% bullish setup.
1D Support Levels at 1194 1123 Resistance Levels at 1494 1576 three significant levels around price currently that are swapping between support and resistance acting as a battleground for buyer and sellers.
1D Volume Profile Value Area High at 1484 Value Area Low 1159 Price is pulling away from POC at 1274 looking bullish
Possible Bear div on 12hour, keep an eye out for that.
ZENBTC Trend Reversal Ahead 80% profit- H&S - Bullsih DivergenceLong time no TA. I'll start the summer season with Horizen, one of my favorite projects. So be aware, I am most likely biased.
Anyway, from a technical analyse prospective, Zen is building up against BTC a classical bullish divergence since early December18. Yet RSI sitting at 55% has plenty of space to go up as you can see.
The elephant in the room is the potential H&D. If market decides to create a closed daily candle above 1320 sats, I'm bullish biased.
Volume is building up as you can see. Also very striking are these massive volume spike, which are occurring periodically. I think that this are long-term investors, who wants to run super- or securenodes.
I believe Horizen has a bright future.
Bear in mind, only 5.8 million coins has been mined so far and as Zen is a fork of Zcash Classic, which is a fork of Zcash, which is a fork of Bitcoin.
As I am mining and running securenodes, I will not buy more before bulls are in charge.
Leave a thump up if you agree and a comment if not. Or, simply share your positive thought on this analyse.
Horizen $ZEN Breakout or Bull Trap$ZEN is trading above an 8 month diagonal resistance, and is approaching the 50 day MA. It has fully retraced back to its all-time lows on Bittrex. WIll be very interesting to see if volume comes in and pushes price higher or if this another dead cat / bull trap.
