The price of Zen is falling everyday. a coins that was steady at 30/35 USD for months is now below 20USD, and with no perspective of beeing better at mid-term.
That descending triangle on the daily chart does not look good. Target may be $8 to $14 in the next month. Make sure you have cash in hand, ready to buy
I think Zen is suffering from a new and unknown disease.
And what disease is this?
Unlike other cryptos that are beeing harvested with ASIC´s, like bitcoin, Litecoin, Dash, they are already establish cryptos with daily trade large volumes, and price is not much affected directly by mining and mining sales.
While Zen, was caught in this fight of giants, where Zcash also is, and with so low volumes of trade and a few ASIC farms mining it, when they put ZEN in the market, probably in a daily basis, they affect price of a cripto that has average daily volumes not much above half a million dollars.
For me this coin is now for selling to suckers who does not know the problem that was created with the appearance of ASIC in the ZEN world. I think Komodo will be affected too terh same way.
IMHO this coin will be low for years before "maybe" one day rises again.
The project was good untill a week ago, when ZEN team decided not to do anything about ASIC problem in they where involved...
Now is one more coin in the market as hundreds os others....
Sorry for my basic english, because i am not english native, and it is difficult to me to explain this in foreign language.
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