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Horizen (ZEN) | +47% PP | FREE TRADING SIGNALPair: ZEN/BTC Exchange: Huobi/Binance Trade Duration: Medium Risk: High Signal Strength: High Introduction Horizen (formerly ZenCash) is an incentive-driven application platform with optional zk-SNARK based privacy features that aims to provide everyone with complete control of their digital footprint. Launched in May 2017 (no ICO and no pre-mine), the leading-edge platform enables real-life use cases beyond the ZEN currency, including the ability to privately chat with others, publish information and go anywhere on the web with complete privacy. Our Entry Zone 0.001638 - 0.001792 Our Targets 1: 0.002020 2: 0.002401+ Our Stop Loss: 0.001595 To make sure you don't miss out on any FREE signals, FOLLOW us on TradingView by clicking on our profile and then clicking the green 'Follow' button. If you liked this analysis, hit that thumbs up! Comment your thoughts below. And most importantly, enjoy your day! Axsonex Team ------------------------------------------ DISCLAIMER: Axsonex are not registered financial advisors and no information we provide is intended as financial advice. It is our opinion and nothing more. This report is for informational use only. Trading and investing in Cryptocurrencies is extremely high risk. Ensure that you conduct your own due diligence before deciding to invest in any asset. We have not/will not be(en) paid to endorse this project. You are responsible for all actions you take as a result of reading/viewing this page.
by Axsonex
1
ZENBTC Price Analysis: ArisingHorizen has been laying low, but some key announcements reignited interest in the project. Horizen has a bullish short-term bias against BTC, with the ZEN / BTC pair correcting back towards the April monthly trading high ZEN / BTC pair has a bullish medium-term trading outlook A large inverted head and shoulders pattern is present across the daily time frame Horizen / Bitcoin Short-term price analysis ZEN has a bullish short-term trading bias against BTC, with the ZEN / BTC pair trading well above its 200-period moving average on the four-hour time frame. The four-hour time frame is showing that the ZEN / BTC pair is gaining bullish trading momentum and attempting to correct back towards the April monthly trading high. Technical indicators are bullish on the four-hour time frame, although they are starting to appear overstretched. Pattern Watch Traders should note that an inverted head and shoulders pattern will form on the four-hour time frame if bulls move price back towards the April trading high. Relative Strength Index The RSI indicator on the four-hour time frame is bullish, although it has moved into overbought territory. MACD Indicator The MACD indicator on the four-hour time frame is also bullish, although it is starting to appear overstretched. Fundamental Analysis In April, Horizen partnered with Horizen Labs which has raised 4$ million from Digital Currency Group (DCG) and Liberty City Ventures. Horizen Labs will be working with businesses to help them build their own sidechains on top of the Horizen’s public blockchain. This is likely the reason why ZEN’s price has been growing for the past several weeks. Horizen / Bitcoin Medium-term price analysis ZEN has a bullish bias against BTC over the medium-term, with the ZEN / BTC pair trading back above its 200-day moving average. The daily time frame shows a large inverted head and shoulders pattern, with buyers rallying the ZEN / BTC pair back above the neckline of the bullish pattern. Technical indicators across the daily time frame are currently rising and issuing a strong bullish signal. Pattern Watch Traders should note that the November 18th, 2018 swing high is the overall upside target of the inverted head and shoulders pattern on the daily time frame. Relative Strength Index The RSI indicator is also bullish on the daily time frame, although it is approaching overbought territory. MACD Indicator The MACD indicator is bullish on the daily time frame and is currently generating a strong buy signal. Fundamental Analysis Horizen looks interesting on the fundamental level. It has a good development team and plans a number of technological improvements to its platform in 2019. Along with Horizen Labs the project can potentially increase the level of adoption of its platform, which can have a positive effect on the value of the network in the medium term. Conclusion ZEN is growing increasingly bullish against BTC over both time frames as the cryptocurrency attempts to recover from last month’s trading losses. If bulls can maintain the bullish momentum and continue to rally the ZEN / BTC pair, a much stronger rally towards the November 18th swing high may occur.
Long
by IgorPorokh
1
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)
Long
by CryptoTherapist
There is a possibility for the beginning of an uptrend in ZENETHTechnical analysis: . HORIZEN/ETHEREUM is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 62. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.03790 to 0.03320). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.03790) Ending of entry zone (0.03320) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons: Take Profits: TP1= @ 0.04420 TP2= @ 0.05170 TP3= @ 0.05780 TP4= @ 0.06390 TP5= @ 0.07260 TP6= @ 0.08360 TP7= Free
ZLong
by ForecastCity
1
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.
by AlanSantana
2
ZEN - 196%+ Potential Profits! [FREE TRADING SIGNAL]Pair: ZEN/BTC Exchange: Binance Trade Duration: Medium Risk: Moderate Introduction Horizen (formerly ZenCash) is an incentive-driven application platform with optional zk-SNARK based privacy features that aims to provide everyone with complete control of their digital footprint. Launched in May 2017 (no ICO and no pre-mine) , the leading-edge platform enables real-life use cases beyond the ZEN currency, including the ability to privately chat with others, publish information and go anywhere on the web with complete privacy. Technical Analysis - Descending Triangle - Bullish Divergence - Volume Spikes - Oversold - SQZ Signalling End Of Bearish Momentum Our Entry Zone 0.001080 - 0.001200 Our Targets 1: 0.001400 2: 0.001800 3: 0.002400 4: 0.003200 Our Stop Loss: 0.000990 Don't forget to hit that like button and give us a follow , we really appreciate it! Comment your thoughts below. And most importantly, enjoy your day! Crypto Eye Team ------------------------------------------ DISCLAIMER: This analysis is not financial advice and the Crypto Eye are not financial advisors. We are sharing our opinion, nothing more. Please do your due diligence. Trading cryptocurrencies is very high risk and you can lose your entire investment.
by Axsonex
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.
Long
by DejaBrew