Updated

ZRX/BTC Analysis

0x:

1) Falling Wedge.
2) Possible Inverse Head & Shoulders,
with right shoulder forming.
3) The cloud remains bearish on the
daily but has flipped on the 4 hour,
creating some bullish sentiment.
4) MACD looks sideways on the daily,
though seems bearish on the 4 hour
5) RSI continuing rising trend on the
daily. May drop down to rsi trend line
before any significant move up.
6) Keep an eye on Bitcoin as it
influences the overall market heavily
and a drop in BTC will see the market
as a whole drop, including 0x.

IF a breakout occurs, expect an increase to the next resistance zone (blue line) - 0.00009122

IF breakout fails, expect a drop to the lower trend line of the falling wedge or possible lower to the next support level (pink line) - 0.00007304.

Note

IF breakout fails:

Note

History repeats itself? Previous falling wedges have led to significant price swings to the upside:

Note

RSI to repeat previous cycle?

Trade active

Right shoulder forming nicely, and breakout of falling wedge has commenced. Remember to keep an eye on Bitcoin and the overall market sentiment though.

Note

ZRX on the 4 hour:
1) Second falling wedge
2) Right shoulder close to completing.
3) RSI and MACD bullish, though looks like some bearish divergence is occuring.
4) Breakout of first wedge completed.
5) BTC still sideways, as per usual, alts following BTC fluctuations.

Note

Facing resistance at the 0 fib line, price level resistance from 0.00008350 - 0.00008525. If we can break this, next target will be in sight. A fail to break this resistance can see a drop back to the 0.5 fib line.

Note

On the 4 Hour:
1) RSI divergence as well as oversold.
2) Macd remains bullish.
3) Well above the cloud (bullish).
4) A slight retrace is expected, likely to the last resistance, but now support level (blue line).

tradingview.com/chart/19KamGoB/

Note

Some wave patterns on the 2 Hour:

Looking to buy back in, wait for support to hit and then especially wait for the first signs of a bounce before buying in. Remember to set stop loss where necessary.

Note

On the 2 Hour:
1) Bull flag forming
2) Rsi bearish divergence and MACD bearish.
3) Expect some more downside in the triangle, set stop loss.
4) I am personally expecting a bullish breakout, then resistance at the blue line.

Note

1) Bull flag failed, back down we go, but how low?
2) Bearish RSI and MACD
3) Buy in levels set:

Note

1) I think a bounce off the .618 fib line (highlighted by the green circle) will be likely, buy orders set, phone alerts set in case of a larger drop and a sell is needed.

Vermillionz

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Vermillionz