Ox continues to grow
Coin of the day is Ox.
Ox (ZRX) is one of the hottest digital assets on the market right now. It bounced off 0.00005 low ten days ago, breaking the three-month downtrend. Many traders connect turnaround in the downtrend with the news that Coinbase is adding custody of ERC-20 tokens which could lead to listing the asset on GDAX or even on Coinbase. ZRX connection to Olaf Carlson-Wee, who now leads the PolyChain Capital which has a big investment in Ox also plays a positive role.
ZRXBTC already broke above the 0.000065 level, turning it into support. The next target is 100-days EMA, which coincides with the 0.000085 resistance level. The price already tested resistance but returned forming a Triangle Pattern. From the below: 0.000065, 0.0000725 and 0.0000750 will play a supportive role. The triangle formation will run out soon, and the price will test resistance level again. Breakthrough of 100-days EMA will lead the price upwards to the 0.0001 psychological resistance.
Ox (ZRX) is one of the hottest digital assets on the market right now. It bounced off 0.00005 low ten days ago, breaking the three-month downtrend. Many traders connect turnaround in the downtrend with the news that Coinbase is adding custody of ERC-20 tokens which could lead to listing the asset on GDAX or even on Coinbase. ZRX connection to Olaf Carlson-Wee, who now leads the PolyChain Capital which has a big investment in Ox also plays a positive role.
ZRXBTC already broke above the 0.000065 level, turning it into support. The next target is 100-days EMA, which coincides with the 0.000085 resistance level. The price already tested resistance but returned forming a Triangle Pattern. From the below: 0.000065, 0.0000725 and 0.0000750 will play a supportive role. The triangle formation will run out soon, and the price will test resistance level again. Breakthrough of 100-days EMA will lead the price upwards to the 0.0001 psychological resistance.
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