ZRX/BTC - Goal for 2020 (Potential 2x)
After over 130 days of consolidation, it looks like 0x is ready to rock and roll after some help from old mate Teeka Tiwari.
It's not unreasonable to suggest that price makes its way back to the 5000 sat range in 2020. This would illustrate the 50% rule, meaning that price tends to move to 50% of the previous years' high after a big fall and subsequent consolidation. The highest I can see it going is to 6000 sats, representing the top of range and also lining up with major resistance.
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It's not unreasonable to suggest that price makes its way back to the 5000 sat range in 2020. This would illustrate the 50% rule, meaning that price tends to move to 50% of the previous years' high after a big fall and subsequent consolidation. The highest I can see it going is to 6000 sats, representing the top of range and also lining up with major resistance.
Hit the LIKE button if you find my analysis valuable and want to support me. Follow to make sure you don't miss any future trade ideas.
Trade closed: target reached
Wait, I said getting back to 5000 sat range would happen at some point this year? I actually meant in three days, LOL!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.