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👀Huobi x CoinMarketCal👀A Coin To Keep An Eye On -ZEN!

🔹What is ZEN?

Horizen (ZEN) is an inclusive ecosystem built on its massively scalable blockchain platform where everyone is empowered and rewarded for their contributions.

📅 Upcoming Event:

🔹Halving ETA date: 12/2/2020 from coinmarketcal.com!

📈 Analysis

After blasting through August’s significant swing high, it comes as no surprise that ZEN is consolidating at the end of its 330% move. The price is presently chopping through the level formed by February 2020’s swing high.

However, bulls quickly bought each drop toward support at $10.72. Another test of this support level, which also shows an inefficient gap on the daily chart, could give bulls a reasonable entry.

More aggressive bulls could anticipate a bounce from the previous swing high at $11.63. However, the next support is far below and near the monthly open — making risk management especially important for recent entries.

Fresh or holding bulls could look for a first target near the current resistance at $18.54. A second target could be the old highs near $23.41, potentially reaching up to the next significant resistance at $28.94.

🔹Trade ZEN

👀Follow Us On Twitter @HuobiGlobal + @CoinMarketCal

👀www.huobi.com; coinmarketcal.com

Risk Reminder:

1. Trading in digital assets comes with high risks due to huge price fluctuations. Users should be fully aware of the risks associated with digital asset trading and make prudent trading decisions.

2. Huobi Global’s announcements and information do not constitute investment advice, and Huobi will not bear responsibility or provide compensation for direct or indirect losses arising from trading decisions whilst relying on this information.

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