ZEN is accumulating at the $60 zone and will head towards the $80 and $100 zone in July. However, if in the next few days, ZEN loses the $60 zone, it will have a sharp decline towards the 40$ zone and this is a very good area to buy in

📈RED PLAN
🔴Buy : 58.5-61.5$. SL if B
📉BLUE PLAN
🔴Sell : 78-82$. SL if A 🔴Sell : 97.5-102.5$. SL if A
🟣PURPLE PLAN
🔵Sell : 58.5-61.5$ if B. SL if A 🔵Buy : 39-41$. SL if B
❓Details
🕯Timeframe : 1 Day 📈Red Arrow : Main Direction as BUY & SELL section 📉Blue Arrow : Back-Up Direction as BACK-UP section 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section 🅰️A : The Close price of candlestick is Above the zone 🅱️B : The Close price of candlestick is Below the zone

  • Horizen aims to build a Proof-of-Work (PoW) cryptocurrency, with a Proof-of-Stake (PoS) sidechain platform enabling fully customizable decentralized applications.
  • The system has a Bitcoin-like blockchain at the core, with Equihash Proof of Work featuring a delayed block penalty algorithm for additional security.
  • The sidechain platform includes a Proof-of-Stake consensus mechanism, and a suite of developer tools and a User Interface made available in the sidechain software development kit that abstracts away the complexities of blockchain construction, deployment, and maintenance.
  • The Cross-Chain Transfer Protocol ("CCTP") allows a decoupled sidechain network independent of consensus, programming language, or any other design detail in the sidechains.
  • The Horizen coin (ZEN) is used for staking and as gas fee in the ecosystem.