Trade Duration: Medium
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...
ZCash ZEC is Bitcoin BTC 2.0 with advanced security features
Privacy coins occupy a niche within the cryptocurrency industry that many of the early adopters of cryptocurrencies consider being essential. After all, Bitcoin itself is often incorrectly referred to as an anonymous way of transferring value.
Bitcoin BTC privacy issues solved
ZCash was able to...
From ZenCash to Horizen
Horizen, known as ZenCash before rebranding, started through a fork of the Zclassic (ZCL) blockchain. Zclassic itself was a fork of the privacy-centric cryptocurrency ZCash ZEC
More than just a ZCash ZEC fork
Since Zcash is also a privacy-centric crypto, Viglione noted he believes Horizen made a breakthrough in side-chain technology,...
Zen obviously wants to break higher. I am observing it quite a few weeks and allways when we get to 13.xx levels, there comes a pump up. The last one was huge (some partnership announced), so I didn´t think we´ll be able to get back here again. Well, we did. It needed to test the accumulation zone with POC included.
So I can see two possibilities here :
So looking here at the corrective Second Wave that we are experiencing now it appears to me that we have completed the A leg of the 3 subwaves and may begin a B Wave correct that will of course be thwarted at I believe the .5 Fib level prompting the start of the last subwave (C) of the larger corrective wave (2). I have placed that at the breakout support which...
- Strong rebrand with only downward price movement (indicating accumulation)
- Bounced on the .618 Fibonacci with strong support
- TD9 Buy set-up on the daily chart.
- Strong support level from back in april.
- Nice doji with strong buy volume follow through.
- Double bottom on 4 hour RSI
- Expectation of at least a run to the .0026 level for 26%
- Will watch for...
The charts for ZEN are looking good for a long term trade, so let’s take a look and get started right away:
Trade instructions for Alan Masters Trades PREMIUM Supporters
Buy in: 0.00240 – 0.00254
Targets LONG TERM for Horizen (ZENBTC) by Alan Masters: