ZENBTC Trend Reversal Ahead 80% profit- H&S - Bullsih Divergence
Long time no TA. I'll start the summer season with Horizen, one of my favorite projects. So be aware, I am most likely biased.
Anyway, from a technical analyse prospective, Zen is building up against BTC a classical bullish divergence since early December18. Yet RSI sitting at 55% has plenty of space to go up as you can see.
The elephant in the room is the potential H&D. If market decides to create a closed daily candle above 1320 sats, I'm bullish biased.
Volume is building up as you can see. Also very striking are these massive volume spike, which are occurring periodically. I think that this are long-term investors, who wants to run super- or securenodes.
I believe Horizen has a bright future.
Bear in mind, only 5.8 million coins has been mined so far and as Zen is a fork of Zcash Classic, which is a fork of Zcash, which is a fork of Bitcoin.
As I am mining and running securenodes, I will not buy more before bulls are in charge.
Leave a thump up if you agree and a comment if not. Or, simply share your positive thought on this analyse.
Anyway, from a technical analyse prospective, Zen is building up against BTC a classical bullish divergence since early December18. Yet RSI sitting at 55% has plenty of space to go up as you can see.
The elephant in the room is the potential H&D. If market decides to create a closed daily candle above 1320 sats, I'm bullish biased.
Volume is building up as you can see. Also very striking are these massive volume spike, which are occurring periodically. I think that this are long-term investors, who wants to run super- or securenodes.
I believe Horizen has a bright future.
Bear in mind, only 5.8 million coins has been mined so far and as Zen is a fork of Zcash Classic, which is a fork of Zcash, which is a fork of Bitcoin.
As I am mining and running securenodes, I will not buy more before bulls are in charge.
Leave a thump up if you agree and a comment if not. Or, simply share your positive thought on this analyse.
交易進行:
Zen broke out and is approching the first resistence.
交易進行:
First target reached. Resistance is now support.
Horizen is the only low market cap project that is been offered by institutional investment companies, well at least one, grayscale:
grayscale.co/zcash-trust/