Zencash (ZEN/BTC) update (5/24/18)

After the crazy ride the previous days from the Binance and announcement and postponement that saw the price rise and fall almost 60%, ZEN is consolidating around a price of 0.0043500 BTC on Bittrex.

At the time of this writing, the price is currently testing the daily pivot point around 0.00484800. If price manages to close to above this level, then a retest of 0.00545700 - 0.00625100 is likely to happen next.

If this testing of the daily pivot level fails, then further consolidation or a drop down to the next level of liquidity level of 0.00366700 is possible.

*This graph is on a 4hr timeframe.

**This is not financial advice