0x, end of correction is near?
Coin of the day is 0x.
ZRX is one of the most positively looking coins on the market managed to restore all losses from the market depression of beginning of 2018. Development of DEX’s based on 0x protocol fueling growth of the coin, as 0x is one of the most popular tech providers for the Decentrilized Exchanges.
0x(ZRX) is an ERC20 based protocol designed to offer a decentralized exchange as part of the Ethereum blockchain. The main idea of 0x creators Will Warren and Amir Bandeali was that any use case that involves an exchange of different assets can eventually be built using 0x.
Technicals
After testing all-time highs on 05.10, ZRXBTC went into correction, though correctional movement did not go deep and coin formed a triangular correction pattern which fits in overall bullish bias. 100-days EMA and Bullish Trend Line represent bullish tendency. Near-term support levels are 0.00015 and 0.00016. Bullish and Bearish Trend Lines are the boundaries of the triangular pattern, breakthrough above the Bearish Trend Line could mean the end of the correctional movement and send the price to test 0.0002 resistance.
ZRX is one of the most positively looking coins on the market managed to restore all losses from the market depression of beginning of 2018. Development of DEX’s based on 0x protocol fueling growth of the coin, as 0x is one of the most popular tech providers for the Decentrilized Exchanges.
0x(ZRX) is an ERC20 based protocol designed to offer a decentralized exchange as part of the Ethereum blockchain. The main idea of 0x creators Will Warren and Amir Bandeali was that any use case that involves an exchange of different assets can eventually be built using 0x.
Technicals
After testing all-time highs on 05.10, ZRXBTC went into correction, though correctional movement did not go deep and coin formed a triangular correction pattern which fits in overall bullish bias. 100-days EMA and Bullish Trend Line represent bullish tendency. Near-term support levels are 0.00015 and 0.00016. Bullish and Bearish Trend Lines are the boundaries of the triangular pattern, breakthrough above the Bearish Trend Line could mean the end of the correctional movement and send the price to test 0.0002 resistance.
Related publications
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.