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 :
- ZEN HAS ONCE AGAIN BOUNCED OFF ITS CRITICAL SUPPORT LEVEL AT ~15$ (GREEN HORIZONTAL LINE)
- THE PAST TWO DAYS BROKE UP AND THROUGH THE DOWNTREND RESISTANCE FROM PREVIOUS HIGH (SHORTER RED LINE FROM LAST HIGH)
- THE 10 AND 50 DAY MOVING AVERAGES ARE CONVERGING "THE PINCH+CROSSOVER (BULLISH SENTIMENT)
- MACD AND RSI ARE MOVING WITH UPWARD MOMENTUM
- FIRST TARGET...
ZenCash has been trending upwards since 24th of June, and has climbed from $15 up to $34, gaining 134%. Recently ZEN/USD faced the resistance at $32, which is 127.2% Fibonacci retracement level applied to the last corrective wave down.
Price has spiked above the resistance, althogh failed to close higher, suggesting the corrective move down. At the same time ZEN...
Using what little I know about Wyckoff I've outlined the trading range that ZEN seems to have broken out of. We've had test of the support line on diminishing volume. Followed by a move up to the resistance line where ZEN consolidated. After consolidation ZEN moved over resistance. The recent spike down in BTC did not affect ZEN too much as it merely tested the...
Privacy coins always had a amazing returns in crypto examples being cash monero we have seen immense potential and increase in them.
ZENCASH is also an privacy project and soon in near future we will see immense growth in this project.
you should checkout their project it has great potential.
they provide fully encrypted anonymous transactions.
Pasted again below for easier reading of text bubbles and proper presentation of chart the way it was intended.
Richard Wyckoff Accumulation Schematic in the following 1440m (Daily) TF chart:
Information about Zencash: zensystem.io
Here is an image of a Richard Wyckoff Accumulation Schematic:...