Clear cup and handle pattern to me. Mix this with their recent rebranding (as of this week) and I think we have a recipe for success! One of the best privacy coins IMO. Cheers
Zencash is another crypto focused on privacy. I believe it just found support above the previous triangle in which it was oscilating. Most privacy coins are going up lately, and it is time for Zencash to have the same path. The targets are shown on the chart. Have a good trade!
If you divide the chart in the middle you will see zencash created a support and resistance line. Inside there we also see a cup&handle formation that broke out perfectly. Now it seems like it has created a new support and resistance level, instead of a cup&handle we see an abcde correction inside. If the price hits close to E I will take up a major position for...
Zencash looking super bullish. Triple bottom spotted in 1h timeframe! MACD and PHOENIX are giving bullish signals on the daily. With the MACD about to cross! Downtrend broke! Above strong Ichi support!
Zencash, one of the Palm Beach coins! It's in bouncing zone again. Retraced big time and did make a nice bounce on the 170K support already. Expecting to do that pretty soon again, so we can make a quick trade. If it doesn't bounce, we'll be using a stop/loss below this level and buy back on a lower support level, which seems to be around the 160K zone (or just hold).
Based on my call 14 hours ago ( ) ZCL has gained more than 40%. It is still very much undervalued! Extremely technical team, Rhett (WhaleCoin), Joshua (BitcoinCash) No DAOs to pay for, miners are NOT penalized! 20-30x below it's true market value comparable to other privacy tokens Just as fast and private as other tokens Easily configurable mining pools ...
ZEN has bounced off support and is signs of bull and is forming a symmetrical triangle pattern. MACD, RSI and EMA are all showing bullish signs. Take profits at resistance and look for breakout.
MACD is looking good. Pennant formation is forming. We are currently in old support area. Can go to old resistance areas that are also on fib levels.
Price hovering around the lower area of bullish channel, and also near the low Bollinger Band. Favorable MACD and Stoch RSI on 1D paint a rather bullish picture for this setup.
Pennant formation. Resistance broken, testing resistance again. If it supports resistance, it will break.
Zencash has already started making it's climb and when masternodes come onto the mainnet, I am sure it will reach its previous high of 0.005 or break 0.006 BTC.. respectively. Anything inside of the square is a good buy zone with a stop-loss below the lower support line.
ZEN has broken out of its correction pennant and volume has increased. TK crossed on the hourly. Next stop 370-379k sats
Well, now that 2x is a non-event, it's time to look at getting some ZEN again before it moons.
Zen is something what you wanna have in your portfolio for upcoming crypto-era. First target old ATH, next target unknown.
zen zen zen zen.........i am calming down and going to ride u high!