Crypto Contest November 13: Horizen
Horizen (Binance: ZENBNB) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Horizen (Binance: ZENBNB) began a wave one advance on June 22. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on July 25, and the red wave two (blue sub-waves a-b-c) correction ended on October 16. If this wave count is correct, Horizen should be heading next towards the July 25 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
For longer term charts we have to take a look at Bittrex. I believe Horizen (Bittrex: ZENUSD) is currently in the red wave three. The red wave one began in July 2017.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Horizen (previously ZenCash) is a privacy conscious coin that is a fork of ZClassic. You can view their November live stream below.
(Sources: https://www.horizen.global/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Horizen (Binance: ZENBNB) will takeout the July peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Horizen (Binance: ZENBNB) will drop below the June low".
If you think Horizen (Binance: ZENBNB) is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Horizen (Binance: ZENBNB) will stay in a trading range between the June low and the July peak until December 18".
(Chart courtesy of Tradingview.com (log scale))
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Horizen (Binance: ZENBNB) will stay in a trading range between the June low and the July peak until December 18 (23 voters as of 3 PM EST November 16: bleujay, bentleycapital, gregory-f, novus-locus, abh12345, freiheit50, toofasteddie, kunschj, jlordc, jznsamuel, simonjay, starline, diogosantos, steem-d-anlovnit, reconnectnature, sbcbot, galasek, revelationquotes, dine77, mitrado, criptorafa, mirda, fullcoverbetting).
Horizen (Binance: ZENBNB) will stay in a trading range between the June low and the July peak until December 18
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Horizen (Binance: ZENBNB) will drop below the June low (6 voters as of 3 PM EST November 16: sqlinsix, allyouneedtoknow, diana.feuerberg, barbadosso, skepticology, vicspics).
You won. Paid out from @maarnio1
Horizen (Binance: ZENBNB) will takeout the July peak (5 voters as of 3 PM EST November 16: steemquestions, ace108, crokkon, lydon.sipe, steemit.nemesis).
I think both coins will be going up very soon, and I don't see Horizen beating BNB...
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