ZEN is rising above the horizon! (Bullish Setup)Horizen is one of the mostly underrated projects in the crypto space.
Considering the ongoing ZK-snark mania, ZEN can potentially show a great performance over the coming months.
It's currently sitting on a local support zone that makes it a good area to watch for investment purposes.
Plus, the current formation of the candles show great potential for a bullish rebound. Possible targets are marked on the chart.
Cheers!
ZENUSDT trade ideas
ZEN (Horizen) Coin Analysis 15/03/2021Fundamentals:
Horizen is an interoperable blockchain system, supported by a decentralized node infrastructure. Its sidechain platform focuses on scalable data privacy, and as such enables businesses as well as developers to build private or public blockchains using the unique sidechain technology known as Zendoo.
Horizen launched in May of 2017 and strives to ensure data integrity and privacy through enabling real-world use cases. Horizen claims to be completely decentralized, fully customizable with privacy features and supports low costs associated with building blockchains with configurable revenue models and unlimited number of tokens and digital assets.
Horizen uses a sidechain architecture that can open up a myriad of potential real-world use cases. This cross-chain transfer protocol allows for decentralized sidechains. These are separate blockchains that are pegged to the parent blockchain that can run simultaneously.
Horizen has a mission of empowering people and bringing them closer together through the process of building an inclusive ecosystem where everyone can be rewarded for their contribution. Zendoo is the decentralized and customizable sidechain solution used to overcome current limitations regarding scalability and extensibility in blockchain. It is a parallel platform with enhanced features that enables the deployment of public or private blockchains at scale, and the SDK provides the components required to build a decentralized blockchain.
ZEN is the native cryptocurrency for the Horizen ecosystem.
The founders of Horizen are Robert Viglione and Rolf Versluis.
Robert Viglione is the co-founder and CEO of Horizen Labs, as well as the co-founder and president of the Zen Blockchain Foundation. He is a PhD Candidate of Finance in the University of South Carolina and worked as an operations research analyst at Lanmark Technology. He also worked as an advanced analyst at Tecolote Research and as a project manager at the United States Air Force.
Rolf Versluis is the co-founder and executive advisor of Zen Blockchain Foundation. He is an experienced business owner in the IT industry and owns a mid-size mining operation. In the past Rolf worked at Cisco systems, the semiconductor industry, and as a nuclear trained officer in the US Submarine force.
Jane Lippencott was a member of founding team and co-author of the original whitepaper. She is now an associate at Winklevoss Capital. She is also a 2021 VC Cohort at All Rise, as well as an advisor at Teller Finance. Jane is also a mentor at the Open Web Collective as well as a mentor at Celo and Katapult Accelerator. She is a contributor at Nakamoto.com. She worked as a mentor at Blockchain for Social Impact Coalition (BSIC), a mentor at dLab and a mentor at Ethereum Classic Labs, an advisor at Unbounded Capital, a mentor at Techstars, and was a member of the Board at Cord.
Technical Analysis:
as we can see the coin has done its Accumulation phases and now it is on its UP MOVE,
we are Longing it on its recent retracement and price correction where it can be presumed as another Reaccumulation phase
we are defining 3 targets where as the 3 targets gets Confirm as the price triggers the 2 Target followed by some distribution and price correction.
ZENUSDT AnalysisHello friends.
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Everything on the chart.
open pos: market and lower
target: 110 - 130 - 150
after first target reached move ur stop to breakeven
stop: ~under 67 (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 3
risk is justified
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ZEN / USDT Triangle. Breakdown. Huge volume earlierIn the secondary trend, a symmetrical triangle of 244% has formed. There is a breakdown of its resistance (secondary downtrend). We see on the graph "traces of crime" a huge ransom with "align traces" of action.
Coin at coinmarketcap: Horizen(ZEN)
Start of trading. Price $ 5.14 Now $ 119
ZEN/USD Main trend (part) Triangle
Past Trading Idea ZEN/USDT Channel Up. More than + 2200% from $ 6.2
The work itself is shown in updating the idea as the price trend moves.
🆓Horizen (ZEN) Nov-4 #ZEN $ZENZEN is having a good support at the $80 zone and we can accumulate more at this zone for the targets of $100, $120 and $160 in the near term. If it loses the $80 zone, we can consider buying it back at the $70 and $60 zone
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 80$ zone
🔴Buy : 80
🔴Sell : 100 - 120 - 160
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 80$ zone
🔵Sell : 80
🔵Buy : 70 - 60
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section