ZEN
Horizen (ZEN) formed bullish Gartley for upto 1473% massive pumpHey dear friends, hope you are well and welcome to the new trade setup of the Horizen ( ZEN ) coin.
On the monthly time frame, ZEN has formed huge bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
NYSE:ZEN Zentek Ltd. engages in the research and development of graphene and related nanomaterials in Canada. It owns 100% interest in the Albany Graphite Project located in Northern Ontario, Canada. The company develops graphene-based antimicrobial coating; and surgical masks, HVAC filters, and personal protective equipment. It is also developing synthesize graphene, graphene oxide, and graphene quantum dots for applications of graphene. The company was formerly known as ZEN Graphene Solutions Ltd. and changed its name to Zentek Ltd. in October 2021. Zentek Ltd. was incorporated in 2008 and is based in Thunder Bay, Canada.
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.
$ZEN nice breakout going long PT 135Broke out of recent resistance line, even retested and now looking for a close above implying more room to upside.
First PT 135.
Long spreads, as the premium is pretty high on options and keeping risk tight with recent market
Stop at -50% premium paid
ZEN / USDTAs you can see in the chart we could not break the resistance, just keep eye to the line that i draw you and take advantage of every movement
I draw you what will be our next target if we break the resistance of even the red line
This is not financial advice it's just my personal opinion
GOOD LUCK GUYS
I'M A DAY TRADER SO ALL MY ANALYSIS ARE GOOD FOR SHORT TERM DO NOT USE THEM FOR LONG TERM OR HOLDING
DO NOT FORGET TO USE STOP LOSS
ZEN/USDT QUICK 12hr ANALYSIS.Welcome to this quick ZEN/USDT 12hour update analysis.
I have tried my best to bring the best possible outcome in this chart.
Hello Members, welcome to our ZEN/USDT quick update,
ZEN/USDT broke the upper trend line and retested already but in the current scenario, it's moving toward the upper trend line to retest again.
So it's another chance to take a position for the long term on the spot or low leverage.
The entry zone in this setup will be the yellow zone and stop loss will be the lower red line.
if BTC moves in the right way then I am expecting we will be able to see a 130% potential rally.
Don't forget to use stop loss in every trade for safe trading.
Entry:-$32.90,$38
Target:-$45,$51,$60,$72,$83,$94,$112,$131
Stoploss:-$26
With leverage 3x to 5x
And long term hold and good profit 😉🙂😊✈️✈️
Q:-What do you think about this?
Do you think we will see a new ATH of ZEN in the next quarter?
Share your views in the comment section.
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
Short ZEN Potential Bearish tradeToday we have another good opportunity risk reward short entry, for this bearish market.
In this case I am looking at some anomalies(big pumps without a reason inside a bear market) and short them when I believe they are close to top/ATH
Key points:
Type of entry : Short
Take profit level 1 : 37.5
Take profit level 2: 35
Stops loss : 44
🆓Horizen (ZEN) Mar-10 #ZEN $ZEN
The current buying power of ZEN is very strong, if it doesn't fall out of the $38 zone it will continue to increase rapidly to the $50 zone. However, if it loses the $38 zone, it will fall very hard because there is no support between the $38 and the $32 zone.
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 38$ zone
🔴Buy : 38
🔴Sell : 44 - 50
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 38$ zone
🔵Sell : 38
🔵Buy : 32 - 28
❓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
ZEN short if it touches near 100 before earnings on 2/10Consistent bear trend. Earnings on 2/10. Ichy resistance above around 100. Has sold off about 20 points or so after last few earnings releases. Being promoted by sell side Wall Street, but a questionable merger to be voted on by shareholders on 2/25, so there is still a lot of uncertainty about this stock. Not in the green. Even if expectations beat, not a favorable environment for a long.
$HZEN is about to fly. The chart speaks for itself.This is the most beautiful chart I've seen in a while.
One trick to trading the Grayscale products is the move in these products always lags behind the spot market by a day to a few days. So once you start seeing an asset move, look to the charts in Grayscale to see if the move will follow.
$ZEN has started to move already and this chart looks like the bull run is just beginning. I'm looking to enter around $9.52. Once it's over that $18 resistance, the sky is the limit.
Key dates and price levels on the chart. Let's see what happens from here.
Bitcoin expected moves: On The ClockNot a financial advisor; simply sharing my own thoughts on the markets.
Bitcoin is now back in the " slow load, implode " territory. I have been minimizing exposure and waiting to catch long bottoms. Observations:
HEX.D and ADA.D have lined up with a 8% correction
MATIC.D had an amazing rip 12%+
BTC and SPY inverted on each other yesterday
Based on my new "Circles of Roundness" theory, we should be expecting some moves along the white lines in the charts. I am expecting that towards the end of that time frame we should see BTC/USD sitting somewhere around the $55,009 mark or so. Do note: this is a new theory I am implementing, so it might take a few tried to get it zero'd in. Trade Zen.