ZEN/BTC looks like it may form a cup & handle from here. it saw a huge spike in volume recently due to a Palm Beach Confidential buy order rumor. buy pressure has slowed down and it will consolidate here for another probable leg up. buy around the labeled support zone & wait for the medium term to sell at the labeled resistance zone for a tidy ~35% profit.
ZEN will be implementing secure nodes very soon. They have dedicated 3.5% of the block reward to the secure nodes, so expect to see an influx of people stocking up on Zen, once secure nodes are working. Estimated time 1-3 months.
Zen is an encrypted, zero trust technology which can be used to securely transmit and store data, may it be private communications or financial value. The approach taken by the team in order to ensure complete anonymity to Zen users when they using this platform is based on hardening the main components that malicious intruders can try to leverage information on...
If it can find support here, we might see zencash establish itself as a formidable anonymity token. Target .0034
I see zen possibly breakout of the channel and completely an elliot wave as follows. I also include a comparison to another coin with similar pattern (Lunyr)