Horizen
Horizen (ZEN) - May 30Hello?
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(ZENUSD 1W Chart)
(1D chart)
We should see support at the 116.6806795 point and see if we can move higher.
If it goes down, you should check to see if it finds support at the 109.9102165 point.
If it falls from the 109.9102165 point, a short-term Stop Loss is required.
If it falls in the 85.5763204-95.6980675 section, Stop Loss is required to preserve profit and loss.
However, it may follow an uptrend line, so careful trading is required.
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(ZENBTC 1W chart)
(1D chart)
We'll have to wait and see if we can get support from the 35013 Satoshi branch.
If it goes down, you should see support in the 29811 Satoshi-31545 Satoshi section.
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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 the price trend 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 the 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, so that the funds that are ultimately profit can be regenerated.
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** 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 indicators.
** 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 on 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) May-27 #ZEN $ZENZEN has being rejected from the 110$ zone, if it couldn't conquer this zone, it will have a big fall to 80$ zone or even 50$ zone in early June. But if it could conquer this 110$ zone, it will move up to 140$ zone and 170$ zone easily
📈BUY
-Buy: 78-82$ if A. SL if B
-Buy: 48-52$ if A. SL if B
📉SELL
-Sell: 107-113$ if B. SL if A
-Sell: 78-82$ if B. SL if A
♻️BACK-UP
-Buy: 107-113$ if A. SL if B
-Sell: 136-144$. SL if A
-Sell: 166-174$. SL if A
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
ZEN getting out of its accumulation zoneAnything backed by Grayscale is worth paying attention to, and ZEN is one of those projects. One of the biggest ones in terms of privacy and with big backers. Potentially it could be listed on Coinbase and I will also present those coming next on Coinbase based on my opinion. The ZENBTC charts looks a bit like ADABTC before the key breakout (on lower timeframes), while the ZENUSD chart broke its ATH, retested and now making a new one. Looking very strong on both pairs and both look special compared to other charts (quite different).
In this thread I have all the alts I think would be listed on Coinbase. The only ones I missed where BNT, 1INCH and SUSHI, but I think more of the ones on the list are coming. Definitely worth talking about some of them.
twitter.com
ZEN Trying To Sustain Above EMA-50, May Give Pullback Upto $140Horizen price traded at $118 with a loss of 9.55% in the last 24-hour and 2.02% down in the weekly time frame. Furthermore, Horizen price bounced from the support of $100. In contrast, the market capitalization stands at $1.31 billion. Technically, investors can perceive a positive crossover in the EMA, and the price is sustaining above the 55-EMA. RSI index showcases a downward slope. Moreover, the price movement can be towards the resistance of $140 in future trading sessions.
Resistance: $140
Support: $100
Horizen (ZEN) • Final major resistance before next 10xWe are just meeting final structural target based on past PA.
I still see this a hold because chances this will do another 10x from where we are.
In terms of fundamentals is still strong. Backed by Grayscale, continuous development and growing community.
In terms of technicals is still strong. Volumes show steady growing interest but nothing really usual or fomo like volume signatures, major trendlines has not been broken, trading above clouds, consistently trading above weekly averages. I see no reason to sell this coin.
HORIZEN (ZEN) GREAT POTENTIALHello Traders
As you can see in the chart above, ZEN is Extremely bullish on technicals
if we see the ZEN/BTC chart, it obviously has a great potential on both USDT and BTC pairs.
On the other hand
Recently I'm more focused on fundamentals, to
this project has robust technology. It's a privacy token, too, with a cross-chain.
Recently ETH has a high gas, so all of the scalability tokens started to pump.
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What is your opinion? Comment below.
If you like the idea, please hit the like button and follow me so that you won't miss the updates. The information given is never financial advice. Always do your research too.
Goodluck.
ZENBTC STRONG CHARTHello traders
As you can see in the chart above, Horizen (ZEN) has broken its descending Trendline, and I'm looking forward to seeing it touch the 0.618 Fibonacci level.
I will update the Fundamentals and the ZENUSDT on the next Idea.
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What is your opinion? Comment below.
If you like the idea, please hit the like button and follow me so that you won't miss the updates. The information given is never financial advice. Always do your research too.
Goodluck.
Horizen (ZEN) Hits New High + Next Target MappedGood things happening for the Altcoins/Cryptocurrency markets... Today, Horizen (ZENBTC) hit a new high compared to Nov. 2020 after a higher low.
This is great news because it signals that many of the other altcoins will also move higher and hit new highs, which opens the door for even more growth.
This is the same chart I drew on Jan. 10 but updated:
The "next target" is marked on the chart.
You can find additional targets if you move the chart higher.
Sit back, relax and just enjoy.
Namaste.