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...
Zen looks very good on the hourly chart. We have marked the appropriate Wyckoff markings on the chart.
ZENUSD looks like it's trying a reversal on this level
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ZenCash is finishing its downtrend and is going to test the long term trendline. Expecting a good bounce, best entry for long term hodl.
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: imgur.com It's IMPORTANT TO NOTE the price action does NOT have to...
Just entertaining price movement within a channel
It will likely remain within the broader uptrend and could break higher at this point.
If you have any Zen you may wanna consider reinvesting that in something else for a bit. Looks like about a 10% drop coming shortly.
Zencash has popped over 300% after Palm Beach Released there report naming $ZEN as the next x 50 Bagger! The coin is run by 3 ex government agents and is rumoured to make announcment in the coming weeks that will push this coin to the #1 privacy coin in the crypto space.. TA: $ZEN bounced nicely off the 61.8 Fib and is forming a pennant/wedge, buy the breakout....
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