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ZENUSDT trade ideas

ZENUSDT BATThe Bat Pattern is a 5-point retracement structure that was discovered by Scott Carney in 2001. It has specific Fibonacci measurements for each point within its structure and it is important to note that D is not a point, but rather a zone in which price is likely to reverse, called the Potential Reversal Zone (PRZ). The B point retracement of the primary XA leg must be less than a 0.618, preferably a 0.50 or 0.382 and the PRZ consists of 3 converging harmonic levels: 1) 0.886 retracement of the primary XA leg, 2) extended AB=CD pattern, usually 1.27 AB=CD and 3) minimum BC projection is 1.618. The first target would be the 382 retracement of AD and the second target the 618 retracement of AD. A common stop level would be behind the X-point. Conservative traders may look for additional confirmation. Bat Patterns can be bearish and bullish. TradingView has a smart XABCD Pattern drawing tool that allows users to visually identify 5-point reversal structures on a chart.
by UnknownUnicorn38199698
ZENUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. This is a one-day-time frame analysis for ZENUSDT Here we have R2 that used to be a support area. R1 is the long-term resistance line and the unsuccessful attempts of the price to rise is clear. And S1 and S2 are our support lines that represent the support of the price at some points. At the present, we have the price fluctuating below R1. Our prediction would be a fall to S1 and due to a long position, we expect a rise will happen for it to R1. In case the price moves below S1, then it will fall to S2 (this is not probable now). Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
Long
by MarsSignals
ZENUSDTHello dear friends Strangely, this chart has an ascending guard!!! If the price range of $15.34 is not completely consumed, we can expect the formation of an upward trend, according to the drawn scenario, up to the price range of $22.11. If the $15.34 range is missed, the next area we would expect price to react to is $13.81. *But it is very important to consider, if the $15.34 range holds, the bullish guard is valid, if this range is consumed, our mentality to form an uptrend is weakened* We would be very happy if you share your thoughts with us.
Long
by FiboTech
ZEN could climb its price to 228.53 in the long term - Sofi12z █ What is Horizen: A private and secure platform for organizations Launched in May 2017, Horizen (ZEN), formally successful as ZenCash, is a platform based on privacy and scalability with an ecosystem supported by the largest network of nodes in the sector. The platform focuses on giving organizations and developers an instant and affordable way to build their own public or private blockchains. ZEN is trading at $56 per token with an outstanding supply of about 11 million, for a total market capitalization of $640 million. How does Horizen work? The Horizen Network uses both of the most prevalent settlement algorithms in blockchain technology – Proof of Work (PoW) and Proof of Stake (PoS). For the deal, the network's main chain uses the PoW algorithm, while the side chains use a modified version of the PoS protocol. This sidechain model with decoupled cross-chain agreement was proposed and implemented by Horizen in 2018. The primary purpose of this model is to make cross-chain transfers secure and decentralized without the backchain nodes tracking the sidechains for verification. Horizen is based on a multi-tiered node system, in which the plan is touted as the largest node network in the industry. At the time of writing this article, there are about 45 thousand active nodes in the Horizen network. Furthermore, this network of nodes is geographically diverse and therefore decentralized. The plan further ensured that its node network is the first to integrate end-to-end TLS encryption between nodes. According to Horizen, it uses this system of massive, geographically dispersed nodes to improve the scalability, reliability, stability, and speed of its network. There are 3 types of nodes, which are traditional integer nodes, secure nodes, and super nodes. The details of each type are as follows: Regular integer nodes: Each of the public blockchains use integer nodes for verification or validation of transactions. At Horizen, these regular whole nodes contain the latest replica of the Horizen blockchain and are usually wallets that run an instance of their core program. Secure nodes: There are about 41,000 active secure nodes. As their name suggests, these nodes provide stability to the Horizen network through decentralization and end-to-end encryption. Super Nodes: There are about 3,700 active Super Nodes on the network. These nodes give improvements to the network and allow Horizen to make a sidechain platform. As a consequence, there can be an unlimited number of blockchains and decentralized applications (DApps) on the network. In addition, the Super Nodes allow the monitoring and payment of the Secure Nodes that will move in the chain. As previously stated, Horizen is formerly known as ZenCash. ZenCash has been forked from ZClassic, which has been forked from ZCash a Bitcoin (BTC) coin. Thus, Horizen inherited zk-SNARK (Zero-Knowledge Succinct Non-Interactive Argument of Knowledge), ZCash's privacy technology, which is a specific type of zero proof of understanding in which it is mathematically shown and shown to users that the transactions have taken place without disclosing any other information. With zk-SNARK, Horizen manages to deliver scalable, privacy-based resolutions without compromising decentralization and stability. What is Zendoo? Horizen delivers decentralized, scalable, secure, and privacy-driven resolutions focused on business applications. The plan has evolved from its ZenCash days and now gives Zendoo a revolutionary sidechain infrastructure that solves scalability issues like slow transactions and high fees. Zendoo is currently live on the Horizen testnet and has not yet reached the mainnet. Sidechains are separate and independent blockchains that run in parallel to the main chain. They provide extra features to support the primary chain without compromising speed and fairness. As a consequence, Horizen can give organizations and developers an immediate and inexpensive way to produce blockchains and DApps on the Horizen network. Horizen has various allies such as Celsius Network (CEL) and IOTA (IOTA). What is the ZEN network? Horizen also gives the ZEN coin, its native cryptocurrency, to miners, node operators, and validators. The network rewards both miners who power PoW calculations on the main chain and validators on PoS sidechains with freshly mined tokens. In addition to its role as a mining reward, ZEN has an optional privacy feature that users have the ability to use to control their digital footprint. ZEN gives this feature by providing 2 different types of addresses, which are: T-Addresses: This kind of address is similar to the typical addresses that users use for transactions. The transaction is publicly and transparently recorded on the blockchain like regular transactions. Z-Addresses: This kind of address is also called shielded address, because the transactions between these addresses are completely private and anonymous. This is achieved with the aforementioned zero proof-of-understanding technology, which hides personal information such as deposit and isolation addresses and the number of tokens transferred. Who is behind Horizen? Robert Viglione and Rolf Versluis co-founded Horizeon in May 2017. The Horizen plan is governed by the Zen Blockchain Foundation, a non-profit organization entrusted with managing the core accessories in terms of blockchain development. Additionally, both co-founders co-wrote the original Blanco play with Jane Lippencott, a cryptocurrency venture capitalist. Rob Viglione is the current CEO of Horizen Labs. In addition, he is co-founder and president of the Zen Blockchain Foundation. Prior to the Horizen plan, he worked as a program project manager for the US Air Force and as an analyst for Tecolote Research and Lanmark Technology. Viglione holds a Ph.D. in Finance from the University of South Carolina, an MBA in Finance and Marketing, and a BA in Physics and Applied Mathematics. Additionally, he was an advisor to Aave and HeroEngine. Rolf Versluis is currently the executive director of Horizen. He worked for Cisco Systems in the semiconductor industry and served as a Navy officer in the US Submarine Force. Versluis also founded North Georgia Crypto Mining, a provider of cryptocurrency mining services, and now works as an operator and technical consultant for cryptocurrency mining facilities. He has a degree in Electrical Engineering from the US Naval Academy and did training in Nuclear Engineering within the framework of the US Navy Nuclear Program. Jane Lippencott is a former member of the founding team. She is also a longtime associate of Winklevoss Capital, where she invested in various cryptocurrency organizations like Chainlink, Aave, and Synthetix. Currently, Ella Lippencott belongs to the 2021 VC cohort at All Rise, she is an advisor to Teller Finance and a mentor to CeloCamp, Open Web Collective and Gitcoin. She has a degree in Management from the Darla Moor School of Business. Horizen has never conducted an Initial Coin Offering (ICO). However, Grayscale Investments, an organization that manages cryptocurrency investment funds, has made a new fund focused on Horizen. In 2018, Grayscale purchased a sequence of ZEN tokens costing $6.3 million at the time for its Horizen Trust. ZEN cost history The cost of ZEN grew by well over 1,500%, going from $5 in November 2020 to $81 around February 2021. The spike between February 9 and February 19, in particular, likely came after the news of associations and listings of exchange of cryptocurrencies. Unfortunately, the cost of Quick ZEN corrected itself and dropped by about 40% to $42 a few days later. Like most of cryptocurrencies, the cost of the token trumped a lot throughout the cryptocurrency market bull run. At that time, the cost of ZEN jumped 250% to its all-time high of $147 on May 19. However, the cost plummeted the next day. Now, the ZEN cryptocurrency is trading at $56, which is 40% off its all-time high. Is the ZEN cryptocurrency a good investment? ZEN is number 110 by market capitalization. Like Bitcoin (BTC), the ZEN token has a total supply of 21 million and makes a periodic reduction in block rewards. The first halving event happened in the last month of the year 2020, where the number of Horizen rewards generated per block was decreased from 12.5 ZEN to 6.25 ZEN. As previously stated, miners and node operators receive the newly mined tokens as a reward. Of the total block reward, 60% goes to miners, 10% to Secure Node Operators, 10% to Super Node Operators, and 20% to the Horizen Decentralized Autonomous Organization (DAO). of Horizen. What is the future of Horizen? As already stated, Zendoo is still in the testnet. According to the Horizen roadmap the accessories hope to port the sidechain protocol to the mainnet in the third quarter of this year. When Zendoo reaches the prime network, it would mean that the plan has fulfilled its promises, and the cost of the ZEN token could increase after this news. There is news that one of the major US cryptocurrency exchanges is looking to benefit from ZEN on its platform. Historically, cryptocurrencies on this exchange have created a huge buzz and enjoyed a boost in cost once they are done trading. If ZEN passes the precise compliance and technical review, the token could experience a brief bull run when it is listed. Horizen is currently one of 13 institutional-grade investable projects at Grayscale. Grayscale's CEO has claimed that Horizen uses pre-eminent technology and has a great team behind the plan. He suspects that organizations using blockchain technology will pay a premium for privacy-based applications in the future. The support that Grayscale has shown toward the Horizen plan builds confidence among classic organizations. Thanks to this trust and the plan's monumental network of nodes, it is quite possible that Horizen will be the first choice for organizations looking for a decentralized, scalable, secure and privacy-based blockchain solution. █ Fundamental Conclusion Horizon, previously successful as ZenCash, is a decentralized and scalable platform that focuses on giving organizations and developers an immediate and affordable way to produce their own blockchains and DApps. The plan is based on Zendoo, its sidechain protocol that creates independent blockchains. These separate blockchains complement the abilities of the mainchain without compromising speed and balance, thus enabling the instant construction of affordable blockchains and DApps. In addition, the plan uses the largest network of nodes in the industry for transaction verification and leverages zk SNARK, a type of zero-proof cryptography that increases privacy and stability. The plan has potential because it has the help of Grayscale Investments, one of the leading digital currency investment institutions. This support builds trust among classic organizations that have the ability to opt for Horizen when choosing a blockchain solution. █ Technical Analysis Basic Information: • Rank: 135 • Market cap: $942M • Price in BTC: 0.00079 • Available supply: 18,708,862 • Maximum supply: 21,000,000 • Volume (USD): 43,849M / 38,171M • Relative volume: 1.15x • Volatility: 8.92% • Range: $27,902463 – $31,072467 █ Technical Concepts: Horizen's ATH was on May 13, 2021 at a value of 147 dollars at closing price, since then its price has fallen by 80.42%, Horizen is currently at lows below March and July 2021 at 47 Dollars. Currently Horizen is valued at 29 dollars. Currently, at these lows, the future of Horizen is uncertain, the asset remains with a strong community but it is not managing to withstand market falls, having complications in order to scale its value. However, those who believe that in the future the asset will gain value are beginning to carry out DCA within the asset with the purpose of accumulating more ZEN in the long term, being their purchases at 34,17 and 29,17 where we can denote strong purchase volumes, this being the asset demand area. The supply zones or resistances to overcome for Horizen to scale and thus obtain more value are in the range of 92,93 to 138,55, next to the lines and the time in which that supply zone is located is placed. In general, it will seek to overcome the weekly resistance, thereby managing to scale the value of the price. However, within that range there is a large number of sell orders (Distributed Supply). It should be added that the volatility of the asset is at a 2020 low. So do not worry about strong impulses in a short period of time, this is based on the ATR indicator. Personally, I am buying Horizen at these prices, because I consider that the long-term project has the potential to scale. Technical analysis does not make it difficult to intuit that buying from now on represents a lower risk than in other years, the project is maintained with a strong community, the foundation is quite stable and the development team continues to work daily on the project. My minimum long-term goal is a value of 147,24 to 228,53. You should keep in mind that I try to minimize the analysis so that anyone can understand it. If you liked the analysis, leave a like and any questions you can leave in the comments.
Long
by UnknownUnicorn18500526
2
#ZENUSDT (Watchlist) 3/2022 #ZEN maybe worth it to add this coin to your Watchlist. 👀 (Share it with your friends) Everything mentioned on the chart (Pattern/Resistance/Support / Breakout/Breadkwon levels, Also R: R) add to watchlist means the coin we mentioned is forming a pattern or moving near a historical bottom, around or above good support, increase in trading volume , showing a reversal candle, accumulation stage, etc, but no reaction from bulls, so we inform you to add it to your watchlist until the right time for entry.!! Ps: we avoid trading any coin if the entire project for it is based on gambling, prostitution, human trafficking, borrowing, lending, etc. This is not financial advice, The purpose of these Charts is to give you an idea about coin movement (not buy or sell signal) so before following any idea be sure to make your own research and follow risk management. The Cryptocurrency market is very volatile and involves gains and losses, so know very well what you are heading towards before engaging in it. The information we mentioned here is a personal effort so it subject to success or failure. Good luck to All. 🙏we ask Allah reconcile and repay🙏
Long
by HamadaMark
2