Price Target on Horizen (ZEN)
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Page last updated: 2024-12-20 23:03 (UTC+0)
Technical Analysis
Technical analysis is a useful tool for predicting trends on a chart. However, recently many people have started trading with bots that have technical analysis concepts programmed into them. Below is an automated report of where the market is trending and which direction it may go at different time intervals into the future. While this is a Horizen price prediction based on technicals, please do your own research and trade based on your own knowledge and ability.
Moving Average
- On the four-hour time frame, Horizen is currently trending bullish with the 50 day moving average currently sloping up.
- Horizen’s 200 day moving average is sloping up and has been doing so since 12/15/2024 which means the trend is strong.
- On the four-hour time frame, if we were to give a Horizen price prediction, it would be bearish considering the way the 50 day and 200 day moving averages are bullish.
Relative Strength Index
- Currently the RSI is above the 30-70 neutral zone, which indicates the price is trending overbought with the price being able to keep RSI in that state for a while.
Moving Average
- On the 1 day time frame, Horizen is currently trending bullish with the 50 day moving average currently sloping up and below the current Horizen price, which could act as a support the next time it interacts with it.
- Horizen’s 200 day moving average is sloping up and has been doing so since 11/20/2024 which means the trend is strong.
- The 200 daily moving average is currently below the price, which means if price interacts with it again, it can potentially be used as a support to continue the trend.
- On the 1 day time frame, if we were to give a Horizen price prediction, it would be bearish considering the way the 50 day and 200 day moving averages are bullish.
Relative Strength Index
- Currently the RSI is above the 30-70 neutral zone, which indicates the price is trending overbought with the price being able to keep RSI in that state for a while.
Moving Average
- On the weekly time frame, Horizen is currently trending bullish with the 50 day moving average currently sloping up and below the current Horizen price, which could act as a support the next time it interacts with it.
- Horizen’s 200 day moving average is sloping down and has been doing so since 5/24/2024 which means the trend is weak.
- The 200 weekly moving average is currently above the price, which means if price interacts with it again, it can potentially be used as a resistance to continue the trend.
Relative Strength Index
- Currently the RSI is above the 30-70 neutral zone, which indicates the price is trending overbought with the price being able to keep RSI in that state for a while.
MACD
- On the histogram side, there is neither a bearish or bullish divergence. If there is no bearish or bullish signal divergence, there is no signal for the histogram.
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