0x swing trade - early entry
Updated
Pretty self explanatory.
RSI, MACD look promising.
Also VFI seem to have bottomed out and it could grind up from now on.
The bottom support line is a bit arbitrary, depending which dips one takes to draw it.
Keep a tight stop in case the bear scenario plays out.
From the fundamentals, 0x is a very strong team with a solid project, but it's not the fundamentals driving the price, but rather the market sentiment and cycles.
Also it's interesting to note that in march-april BTC was still correcting (last wave down to 6k) and meanwhile 0x was already making it's wave up. Small stocks experience reversal first, big ones later - it could be an early indicator.
RSI, MACD look promising.
Also VFI seem to have bottomed out and it could grind up from now on.
The bottom support line is a bit arbitrary, depending which dips one takes to draw it.
Keep a tight stop in case the bear scenario plays out.
From the fundamentals, 0x is a very strong team with a solid project, but it's not the fundamentals driving the price, but rather the market sentiment and cycles.
Also it's interesting to note that in march-april BTC was still correcting (last wave down to 6k) and meanwhile 0x was already making it's wave up. Small stocks experience reversal first, big ones later - it could be an early indicator.
Note
One other thing I notice is that this coin likes to make bigger moves in the evenings, past 17:00-18:00 european time (UTC+2).
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