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ZEN could climb its price to 228.53 in the long term - Sofi12z █ What is Horizen: A private and secure platform for organizations Launched in May 2017, Horizen (ZEN), formally successful as ZenCash, is a platform based on privacy and scalability with an ecosystem supported by the largest network of nodes in the sector. The platform focuses on giving organizations and developers an instant and affordable way to build their own public or private blockchains. ZEN is trading at $56 per token with an outstanding supply of about 11 million, for a total market capitalization of $640 million. How does Horizen work? The Horizen Network uses both of the most prevalent settlement algorithms in blockchain technology – Proof of Work (PoW) and Proof of Stake (PoS). For the deal, the network's main chain uses the PoW algorithm, while the side chains use a modified version of the PoS protocol. This sidechain model with decoupled cross-chain agreement was proposed and implemented by Horizen in 2018. The primary purpose of this model is to make cross-chain transfers secure and decentralized without the backchain nodes tracking the sidechains for verification. Horizen is based on a multi-tiered node system, in which the plan is touted as the largest node network in the industry. At the time of writing this article, there are about 45 thousand active nodes in the Horizen network. Furthermore, this network of nodes is geographically diverse and therefore decentralized. The plan further ensured that its node network is the first to integrate end-to-end TLS encryption between nodes. According to Horizen, it uses this system of massive, geographically dispersed nodes to improve the scalability, reliability, stability, and speed of its network. There are 3 types of nodes, which are traditional integer nodes, secure nodes, and super nodes. The details of each type are as follows: Regular integer nodes: Each of the public blockchains use integer nodes for verification or validation of transactions. At Horizen, these regular whole nodes contain the latest replica of the Horizen blockchain and are usually wallets that run an instance of their core program. Secure nodes: There are about 41,000 active secure nodes. As their name suggests, these nodes provide stability to the Horizen network through decentralization and end-to-end encryption. Super Nodes: There are about 3,700 active Super Nodes on the network. These nodes give improvements to the network and allow Horizen to make a sidechain platform. As a consequence, there can be an unlimited number of blockchains and decentralized applications (DApps) on the network. In addition, the Super Nodes allow the monitoring and payment of the Secure Nodes that will move in the chain. As previously stated, Horizen is formerly known as ZenCash. ZenCash has been forked from ZClassic, which has been forked from ZCash a Bitcoin (BTC) coin. Thus, Horizen inherited zk-SNARK (Zero-Knowledge Succinct Non-Interactive Argument of Knowledge), ZCash's privacy technology, which is a specific type of zero proof of understanding in which it is mathematically shown and shown to users that the transactions have taken place without disclosing any other information. With zk-SNARK, Horizen manages to deliver scalable, privacy-based resolutions without compromising decentralization and stability. What is Zendoo? Horizen delivers decentralized, scalable, secure, and privacy-driven resolutions focused on business applications. The plan has evolved from its ZenCash days and now gives Zendoo a revolutionary sidechain infrastructure that solves scalability issues like slow transactions and high fees. Zendoo is currently live on the Horizen testnet and has not yet reached the mainnet. Sidechains are separate and independent blockchains that run in parallel to the main chain. They provide extra features to support the primary chain without compromising speed and fairness. As a consequence, Horizen can give organizations and developers an immediate and inexpensive way to produce blockchains and DApps on the Horizen network. Horizen has various allies such as Celsius Network (CEL) and IOTA (IOTA). What is the ZEN network? Horizen also gives the ZEN coin, its native cryptocurrency, to miners, node operators, and validators. The network rewards both miners who power PoW calculations on the main chain and validators on PoS sidechains with freshly mined tokens. In addition to its role as a mining reward, ZEN has an optional privacy feature that users have the ability to use to control their digital footprint. ZEN gives this feature by providing 2 different types of addresses, which are: T-Addresses: This kind of address is similar to the typical addresses that users use for transactions. The transaction is publicly and transparently recorded on the blockchain like regular transactions. Z-Addresses: This kind of address is also called shielded address, because the transactions between these addresses are completely private and anonymous. This is achieved with the aforementioned zero proof-of-understanding technology, which hides personal information such as deposit and isolation addresses and the number of tokens transferred. Who is behind Horizen? Robert Viglione and Rolf Versluis co-founded Horizeon in May 2017. The Horizen plan is governed by the Zen Blockchain Foundation, a non-profit organization entrusted with managing the core accessories in terms of blockchain development. Additionally, both co-founders co-wrote the original Blanco play with Jane Lippencott, a cryptocurrency venture capitalist. Rob Viglione is the current CEO of Horizen Labs. In addition, he is co-founder and president of the Zen Blockchain Foundation. Prior to the Horizen plan, he worked as a program project manager for the US Air Force and as an analyst for Tecolote Research and Lanmark Technology. Viglione holds a Ph.D. in Finance from the University of South Carolina, an MBA in Finance and Marketing, and a BA in Physics and Applied Mathematics. Additionally, he was an advisor to Aave and HeroEngine. Rolf Versluis is currently the executive director of Horizen. He worked for Cisco Systems in the semiconductor industry and served as a Navy officer in the US Submarine Force. Versluis also founded North Georgia Crypto Mining, a provider of cryptocurrency mining services, and now works as an operator and technical consultant for cryptocurrency mining facilities. He has a degree in Electrical Engineering from the US Naval Academy and did training in Nuclear Engineering within the framework of the US Navy Nuclear Program. Jane Lippencott is a former member of the founding team. She is also a longtime associate of Winklevoss Capital, where she invested in various cryptocurrency organizations like Chainlink, Aave, and Synthetix. Currently, Ella Lippencott belongs to the 2021 VC cohort at All Rise, she is an advisor to Teller Finance and a mentor to CeloCamp, Open Web Collective and Gitcoin. She has a degree in Management from the Darla Moor School of Business. Horizen has never conducted an Initial Coin Offering (ICO). However, Grayscale Investments, an organization that manages cryptocurrency investment funds, has made a new fund focused on Horizen. In 2018, Grayscale purchased a sequence of ZEN tokens costing $6.3 million at the time for its Horizen Trust. ZEN cost history The cost of ZEN grew by well over 1,500%, going from $5 in November 2020 to $81 around February 2021. The spike between February 9 and February 19, in particular, likely came after the news of associations and listings of exchange of cryptocurrencies. Unfortunately, the cost of Quick ZEN corrected itself and dropped by about 40% to $42 a few days later. Like most of cryptocurrencies, the cost of the token trumped a lot throughout the cryptocurrency market bull run. At that time, the cost of ZEN jumped 250% to its all-time high of $147 on May 19. However, the cost plummeted the next day. Now, the ZEN cryptocurrency is trading at $56, which is 40% off its all-time high. Is the ZEN cryptocurrency a good investment? ZEN is number 110 by market capitalization. Like Bitcoin (BTC), the ZEN token has a total supply of 21 million and makes a periodic reduction in block rewards. The first halving event happened in the last month of the year 2020, where the number of Horizen rewards generated per block was decreased from 12.5 ZEN to 6.25 ZEN. As previously stated, miners and node operators receive the newly mined tokens as a reward. Of the total block reward, 60% goes to miners, 10% to Secure Node Operators, 10% to Super Node Operators, and 20% to the Horizen Decentralized Autonomous Organization (DAO). of Horizen. What is the future of Horizen? As already stated, Zendoo is still in the testnet. According to the Horizen roadmap the accessories hope to port the sidechain protocol to the mainnet in the third quarter of this year. When Zendoo reaches the prime network, it would mean that the plan has fulfilled its promises, and the cost of the ZEN token could increase after this news. There is news that one of the major US cryptocurrency exchanges is looking to benefit from ZEN on its platform. Historically, cryptocurrencies on this exchange have created a huge buzz and enjoyed a boost in cost once they are done trading. If ZEN passes the precise compliance and technical review, the token could experience a brief bull run when it is listed. Horizen is currently one of 13 institutional-grade investable projects at Grayscale. Grayscale's CEO has claimed that Horizen uses pre-eminent technology and has a great team behind the plan. He suspects that organizations using blockchain technology will pay a premium for privacy-based applications in the future. The support that Grayscale has shown toward the Horizen plan builds confidence among classic organizations. Thanks to this trust and the plan's monumental network of nodes, it is quite possible that Horizen will be the first choice for organizations looking for a decentralized, scalable, secure and privacy-based blockchain solution. █ Fundamental Conclusion Horizon, previously successful as ZenCash, is a decentralized and scalable platform that focuses on giving organizations and developers an immediate and affordable way to produce their own blockchains and DApps. The plan is based on Zendoo, its sidechain protocol that creates independent blockchains. These separate blockchains complement the abilities of the mainchain without compromising speed and balance, thus enabling the instant construction of affordable blockchains and DApps. In addition, the plan uses the largest network of nodes in the industry for transaction verification and leverages zk SNARK, a type of zero-proof cryptography that increases privacy and stability. The plan has potential because it has the help of Grayscale Investments, one of the leading digital currency investment institutions. This support builds trust among classic organizations that have the ability to opt for Horizen when choosing a blockchain solution. █ Technical Analysis Basic Information: • Rank: 135 • Market cap: $942M • Price in BTC: 0.00079 • Available supply: 18,708,862 • Maximum supply: 21,000,000 • Volume (USD): 43,849M / 38,171M • Relative volume: 1.15x • Volatility: 8.92% • Range: $27,902463 – $31,072467 █ Technical Concepts: Horizen's ATH was on May 13, 2021 at a value of 147 dollars at closing price, since then its price has fallen by 80.42%, Horizen is currently at lows below March and July 2021 at 47 Dollars. Currently Horizen is valued at 29 dollars. Currently, at these lows, the future of Horizen is uncertain, the asset remains with a strong community but it is not managing to withstand market falls, having complications in order to scale its value. However, those who believe that in the future the asset will gain value are beginning to carry out DCA within the asset with the purpose of accumulating more ZEN in the long term, being their purchases at 34,17 and 29,17 where we can denote strong purchase volumes, this being the asset demand area. The supply zones or resistances to overcome for Horizen to scale and thus obtain more value are in the range of 92,93 to 138,55, next to the lines and the time in which that supply zone is located is placed. In general, it will seek to overcome the weekly resistance, thereby managing to scale the value of the price. However, within that range there is a large number of sell orders (Distributed Supply). It should be added that the volatility of the asset is at a 2020 low. So do not worry about strong impulses in a short period of time, this is based on the ATR indicator. Personally, I am buying Horizen at these prices, because I consider that the long-term project has the potential to scale. Technical analysis does not make it difficult to intuit that buying from now on represents a lower risk than in other years, the project is maintained with a strong community, the foundation is quite stable and the development team continues to work daily on the project. My minimum long-term goal is a value of 147,24 to 228,53. You should keep in mind that I try to minimize the analysis so that anyone can understand it. If you liked the analysis, leave a like and any questions you can leave in the comments.
Long
by UnknownUnicorn18500526
2
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.
Long
by BitonGroup
4
$HZEN is about to fly. The chart speaks for itself.This is the most beautiful chart I've seen in a while. One trick to trading the Grayscale products is the move in these products always lags behind the spot market by a day to a few days. So once you start seeing an asset move, look to the charts in Grayscale to see if the move will follow. $ZEN has started to move already and this chart looks like the bull run is just beginning. I'm looking to enter around $9.52. Once it's over that $18 resistance, the sky is the limit. Key dates and price levels on the chart. Let's see what happens from here.
OTC:HZENLong
by benjihyam
4
ZEN / USDT Triangle. Breakdown. Huge volume earlierIn the secondary trend, a symmetrical triangle of 244% has formed. There is a breakdown of its resistance (secondary downtrend). We see on the graph "traces of crime" a huge ransom with "align traces" of action. Coin at coinmarketcap: Horizen(ZEN) Start of trading. Price $ 5.14 Now $ 119 ZEN/USD Main trend (part) Triangle Past Trading Idea ZEN/USDT Channel Up. More than + 2200% from $ 6.2 The work itself is shown in updating the idea as the price trend moves.
by SpartaBTC
4
ZEN / USDT — The Real Signal for Crypto ♠️Good morning , guys ! —————— We published a signal to buy a ZEN coin this night , Very good coin , we have worked with it more than once and very successfully . So, at night we managed to catch a very good moment to enter it ! We entered the range of $ 85-73 , now at the time of writing these lines it costs $ 88. A very promising breakout of the level, now we are going to the next point - this is already $ 90. A very promising moment , we recommend adding a coin to your tracking list , if it is not there yet ! The chart shows our subsequent points, look friends ! —————— Write your thoughts below , we will be happy to chat and discuss any idea ! Good profit to everyone and more competent analytics . ❤️ This idea is not a financial recommendation, but is for informational purposes only! ✅❇️
by Professional_Crypto_Analytics
26
ZEN: PATTERNS FAIL TOO!Dear Traders, Today I would like to share my personal thoughts with you in hopes to contribute to the trading community. When I was a novice trader, I used to trust patterns blindly, like they're sent by God! But I learned that the market SOMETIMES works according to patterns. Patterns are merely guides that help us explore possibilities. To make decisions, we need to take into account a variety of factors including the context, the CRYPTO TOTAL MARKET CAP, and BTC.D/ALTS.D. The context always matters. Whether the market as a whole is struggling, improving, or stagnating can tell us a great deal about what we should do. Sometimes you notice a bullish pattern, but you feel a certain degree of unease to have an active trade in the market. That's when you should slam on the brakes and keep a cool head. The CRYPTO TOTAL MARKET CAP can tell us what the atmosphere is like in the market. Even if you spot a bullish pattern, if the TOTAL Criterion spells bleeding, you should think twice before entering a trade. BTC.D in relation to ALTS.D and ETH.D could help us make decisions if we know how they correlate. Funding rates could as well help your decision-making. When they skyrocket, greed abounds in the market, and the market will have to cool its jets to sustain its health. All in all, what I have learned is that a pattern is not a forceful indicator of what's to come. Patterns work fine when you consider the above-mentioned factors and wait for confirmations to execute your trades. ZEN might have tricked some with its wicks below the floor of the rising wedge, which is a bearish sign. Add to the mix a MACD that was going to showcase a bearish cross. If you have jumped the gun, you must be in a difficult situation now. However, you can look back on this as a learning curve passed. I wish you the best and all the luck in the world. Take care! P.S: I'm no expert and this is my bit I thought I could put out to help. Certainly, there are genuine experts out there you could truly learn from. Thank you for your support and attention.
by Djawad_Afsharirad
6
ZENUSDT Wedge Pattern Formation!ZENUSDT Technical analaysis Update ZENUSDT currently trading at 53.75 Wedge Pattern Formation. You can see in the chart four times it reversed from the resistance line and three times bounce back from the support downtrend line. After 60 days of continuous 75% correction finally, it breaks the wedge pattern (resistance line), we can confirm this breakout because the daily candle closed above the resistance line and volume also increased compared to the last 30 days. I'm expecting a small retracement in few days after that we can expect an up move. Buy level : $50.00- $55.00 Stop loss: 39.00 TP1: $72.00 TP2: $85.00 TP3: $115.00 TP4: $160.00 TP5: $200.00 Note: please do your own research before investing. Never invest money that you can't afford to lose. Every investment involves the risk of losing the entire invested money.
Long
by HexaTrades
1
Horizen (ZEN) - July 27Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (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. ------------------------------------- (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. ------------------------------------------ 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)
BINANCE:ZENUSD
by readCrypto
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)
BINANCE:ZENUSD
by readCrypto
Horizen (ZEN) - May 30Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (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. ------------------------------------- (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. -------------------------------------- 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. ------------------------------------------------------------ ----------------------------------------------------- ** 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)
BINANCE:ZENUSD
by readCrypto
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
ZLong
by BitcoinMacro
#ZEN - Breaking Out - LONG4 Hour Time Frame Analysis - Entry - Current Price $120.53 Exit - $133 Stop Loss - $115.18 Leverage - 10 x Risk to Reward - 3 to 1 After Breaking out of a big bull flag, Zen Has had further consolidation and formed a bullish falling wedge, which it has now broken out of and found support. Zen is ready to start moving up again and I am long. Nice 4 hour pin right on support on the break out as well, adding further confluence to the trade. Best of luck and let me know your thoughts!
Long
by Moonseekers
2