Long
0x swing trade - early entry
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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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.
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.