Horizen | Altcoins vs Bitcoin Will Grow Or Correction -Must ReadIn my latest Bitcoin article I mention that the BTC pairings for the Altcoins will undergo a strong correction once Bitcoin starts to move... But this is only valid to the pairs that have been growing since May/June 2022.
You can read the full article below: Bitcoin $21,650 Followed by $26,420 vs Altcoins BTC Pairings
Now, the remaining Altcoins vs Bitcoin (ALTSBTC) pairs can grow, those that are hitting lows just now as we can see here on the ZENBTC chart. Also true for ZECBTC which I shared recently (check my profile).
There are now over 22,000 cryptocurrencies listed on CoinMarketCap, so imagine, there is always going to be a bit of everything with so many options available.
So we can make some generalizations but this won't apply to the entire market as every chart is different and should be treated separately.
ZENBTC is now turning bullish after coming out of a new low.
You can see additional information on the chart.
Namaste.
Horizen
Horizen (ZEN) formed bullish BAT for upto 13% moveHey dear friends, hope you are well and welcome to the new trade setup of the Horizen (ZEN) with US Dollar pair.
Previously I shared a long term trade setup of ZEN , which is still in play as below:
Now on a 4-hr time frame, ZEN has formed a bullish BAT 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
ZENUSDTHello dear friends
This graph is very attractive! You don't think so?
Our downtrend is not yet complete!!! In my opinion, this trend will continue until the price range of $12.76, and from this area, provided that $11.24 is maintained, I expect to react and form an increasing trend similar to the drawn scenario.
What do you think?
ZENUSDTHello friends
The positive divergence of the RSA in the weekly chart and the downward trend line , which the price is just below, is an interesting combination, isn't it!?
If the $12.25 range is maintained in the current trend and the upward trend is placed above the $17.2 price range, the long-term downward trend line will be broken upwards.
In this case, we can expect an increasing trend in the medium term.
What do you think?
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
🆓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 (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.
🆓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
$ZEN/USDT 2D (Binance Futures) Ascending trendline on supportHorizen is accumulating above 50MA and seems ready to push higher mid-term, probably after a last pull-back!
More information about that hybrid PoW (Proof Of Work) / PoS (Proof Of Stake) blockchain, also a Privacy coin on www.horizen.io
Current Price= 80.474
Buy Entry = 78.906 - 71.922
Take Profit= 94.360 | 123.937 | 166.552
Stop Loss= 60.198
Risk/Reward= 1:1.25 | 1:3.19 | 1:5.99
Expected Profit= +25.12% | +64.34% | +120.85%
Possible Loss= -20.18%
Fib. Retracement= 0.618 | 1 | 1.414
Margin Leverage= 1x
Estimated Gain-time= 4 months
Horizen (ZEN) forming bullish Butterfly for next moveHey dear friends, hope you are well and welcome to the new trade setup of Horizen ( ZEN ) coin.
Previously we has a nice trade of ZEN:
Now on a 4-hour time frame, ZEN is completing bullish Butterfly 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
🆓Horizen (ZEN) Oct-9 #ZEN $ZENZEN is heading to 90$ and 120$ zones. If it loses this 75$ zone, we will consider buying it back at 65$ zone
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 75$ zone
🔴Buy : 75
🔴Sell : 90 - 120
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 75$ zone
🔵Sell : 75
🔵Buy : 65
❓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
🅰️A : The Close price of 1-day candlestick is Above the zone
🅱️B : The Close price of 1-day candlestick is Below the zone
Horizen (ZEN) - July 27Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a nice day.
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(ZECUSD 1W Chart)
If the price holds above the 37.8826710 point, it is expected that the uptrend will continue.
(1D chart)
If the price is maintained in the range of 51.9057483-75.5574533, it is expected to turn into an uptrend.
If it goes down, you should check to see if it finds support at the 37.8826710-51.9057483 zone.
If it declines from the 37.8826710 point, there is a possibility of entering the mid- to long-term investment zone, so you need to trade cautiously.
In the CCI-RC indicator, it remains to be seen if the CCI line moves above the EMA line and can continue the uptrend.
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(ZENBTC 1W chart)
If the price is maintained above the 128050 Satoshi-144420 Satoshi range, it is expected that the upward trend will continue.
(1D chart)
If the price is maintained in the 142590 Satoshi-194880 Satoshi section, it is expected to turn into an uptrend.
If it goes down, you should see support in the 116440 satoshi-142590 satoshi range.
If it falls from the 116440 Satoshi point, there is a possibility of entering the mid- to long-term investment area, so careful trading is required.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
------------------------------------------------------------ -------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
Horizen (ZEN) - July 5Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(ZENUSD 1W Chart)
If the price holds above the 37.8826710 point, it is expected that the uptrend will continue.
In particular, if it rises above the 67.0667780 point, it is expected to create a new wave.
(1D chart)
If the price is maintained in the 65.3328249-85.5763204 range, it is expected to turn into an uptrend.
If it goes down, you should check to see if it finds support at the 34.9675823-45.0893294 zone.
A move above the 85.5763204-95.6980675 section is expected to accelerate the uptrend.
-------------------------------------
(ZENBTC 1W chart)
If the price holds above the 0.0014442 point, it is expected that the uptrend will continue.
In particular, if it rises above the 0.0021190 point, it is expected to create a new wave.
(1D chart)
If the price holds in the range of 0.0019488-0.0024717, it is expected to turn into an uptrend.
If it goes down, you should check to see if it finds support at the 0.0017323 point.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Abbreviations shown in charts
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)