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ZENUSD trade ideas

ZEN Target 11$-12$Hello everyone today i'm going analysis ZEN-USDT A)We have storng support level 9.3$,if we look February month in 2020 we in same level and price push 13.8$. B)Price also retracement 11.7$ level, and pullback to 9.3$, this is strong support level now. C)We also have diagonal support level and now price touched diagonal support and then i think price growing upward trend. D)9$ is resistance level ZEN Aug 2020, ZEN breakout this level, and now price testing previous resistnce level 9$ to turn support and we good to go long. E)Look at volume how much is increased 1day chart, and no strong upward move that's mean buyers are building there long position F)TARGET 11$-12$ USDT
BINANCE:ZENUSDLong
by odbashWizard
1
Horizen - Identity is a highly valued commodityPrivacy coins continue to be important in cryptocurrency markets. While most cryptocurrency transactions are traceable on the blockchain, privacy coins utilize a range of protocols to obscure the addresses of transacting parties. Some privacy cryptocurrencies are private by default. Others offer identity-preserving features as an option. Horizen is a technology platform with optional privacy features that aims to enable an application-rich and inclusive ecosystem to provide people with freedom and everyday usability. Like other privacy coins, its privacy features are optional, offering both T-Addresses (transparent) and Z-Addresses (private). Z-Addresses utilize zero-knowledge cryptography to allow users to obfuscate transaction amounts and sender and receiver addresses. BREAKOUT INDICATOR SHOWING STRENGTH FORMING ON HORIZEN
BITTREX:ZENUSDLong
by CeoCodes
4
Horizen ZEN is DASH-ified ZCash ZECHorizen ZenCash was launched in May 2017 as a privacy-oriented digital currency ecosystem built on zk-SNARKs (“Zero-Knowledge Succinct Non-Interactive Argument of Knowledge”), an innovative cryptographic technique first introduced by the ZCash ZEC team. Building upon the ZCash team’s core focus Horizen aims to create a high-performing platform for money, messages and media by directly integrating ZEN (the native currency of the Horzen ecosystem) into a suite of privacy-focused applications. In an effort to “Dashify Zcash” by adding governance and self-funding elements to zero-knowledge proof-based cryptographic transactions, replacing Zcash’s “founder’s reward” system of paying a single company from a percentage of the block reward to introducing voting for a treasury, and therefore a greater degree of decentralization and budget flexibility by becoming a DAO, or decentralized autonomous organization. This also introduces an incentivized infrastructure of paid nodes, like Dash’s masternodes, improving the robustness of the network by ensuring proper hardware and bandwidth for nodes. This follows the DAO infrastructure pioneered by Dash, which has become more common in newer cryptocurrencies. Bitcoin metamorphosised Bitcoin introduced the concept of scarcity and solved the “double-spend” problem by incentivizing miners to participate honestly in block creation. However, the system was not programmed with explicit incentives for other key stakeholders, such as investors, network users, or node operators. The Horizen team embedded modified incentives targetted to these groups. The new policy allows holders of ZEN to operate secure and supernodes in which they can “stake” (i.e., lock-up) ZEN to earn a portion of the block reward. You can think of staking like earning cash interest payments on bonds or other credit instruments, except in this case, the interest is earned directly in the form of ZEN. medium.com
BITTREX:ZENUSDLong
by warrenhochfeld
1
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
BITTREX:ZENUSDLong
by warrenhochfeld
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!
BITTREX:ZENUSDLong
by Blockspacecz
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!
BITTREX:ZENUSDLong
by Blockspacecz
ZEN LONG - ZEN HAS ONCE AGAIN BOUNCED OFF ITS CRITICAL SUPPORT LEVEL AT ~15$ (GREEN HORIZONTAL LINE) - THE PAST TWO DAYS BROKE UP AND THROUGH THE DOWNTREND RESISTANCE FROM PREVIOUS HIGH (SHORTER RED LINE FROM LAST HIGH) - THE 10 AND 50 DAY MOVING AVERAGES ARE CONVERGING "THE PINCH+CROSSOVER (BULLISH SENTIMENT) - MACD AND RSI ARE MOVING WITH UPWARD MOMENTUM - FIRST TARGET ~$22 (CONSERVATIVE IF VALUE HITS THE LONGER TERM DOWNTREND (LONGER RED LINE) - HOPE TO SEE TREND/CHANNEL MOVE UP ALONG THE SHORT GREEN LINE RISING INTO PROFIT AREA - MORE BULLISH TARGET IS $22+ AND UPWARDS - ENDING THE OVERALL BEAR TREND
BITTREX:ZENUSDLong
by NERDiT
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.
BITTREX:ZENUSD
by CryptoPAMM