ZRX Welfare Chart Wednesdays up to 79% Potential Hello Traders,
We have decided to give out some spot trades on Wednesdays in a collection called Welfare Chart Wednesdays. This will include spot trades with coins that have yet to break out while others have already moves helping new and experienced traders find a coin to chart and practice on with the first main target already found on the chart for you. In addition we will have an educational section to try and spread information about coins you may not be familiar with. Feel free to comment, add your two cents and ask any questions regarding this coin and chart in the comments. We hope you enjoy, as this is all in fun and would like to help bring awareness tp the crypto industry in any way we can.
Come check out the rest of our trades below.
0x (ZRX) - A Decentralized Exchange Protocol for the Future of Crypto
0x (ZRX) is a decentralized exchange (DEX) protocol designed to facilitate peer-to-peer trading of Ethereum-based assets. The project was built with the goal of creating a more efficient and scalable framework for decentralized finance (DeFi). By offering an open-source platform, 0x allows developers to integrate decentralized exchanges into their applications and services, enabling the seamless exchange of tokens without the need for a centralized authority.
The 0x protocol is powered by its native token, ZRX, which plays a critical role in governance and incentivization within the ecosystem. ZRX holders have the ability to participate in key decisions related to protocol upgrades, making it a unique asset for those who want to engage in the evolution of DeFi.
What Makes 0x Unique?
Unlike traditional centralized exchanges (CEXs), which rely on third parties to facilitate trading, 0x leverages the power of decentralized liquidity pools and smart contracts to enable direct peer-to-peer transactions. This architecture eliminates counterparty risk, reduces the need for intermediaries, and ensures that users retain full control over their assets at all times.
One of the primary features of the 0x protocol is its use of "relayers." These are platforms or services that facilitate order book management, matching buyers and sellers without the need for a central exchange. ZRX token holders can participate in governance, where they vote on protocol improvements, and relayers are incentivized to maintain the network's liquidity.
0x’s modular design also allows other projects and developers to build upon its infrastructure, contributing to the growth of DeFi. As a result, 0x is not just a stand-alone exchange but a foundational layer for the entire decentralized trading ecosystem.
The Investment Potential of ZRX
As the DeFi space continues to gain momentum, decentralized exchanges like 0x are poised to play an integral role in the broader adoption of blockchain technology. With an increasing number of investors seeking alternatives to centralized exchanges—due to concerns about security, censorship, and control—0x stands to benefit from this trend.
Investing in ZRX offers exposure to the DeFi movement, which is disrupting the traditional financial landscape. By holding ZRX tokens, investors not only gain a stake in the success of the 0x protocol itself, but they also participate in the governance of the network. The decentralized nature of 0x gives it resilience and adaptability, both crucial factors for long-term growth in the cryptocurrency space.
Additionally, the increasing adoption of Ethereum-based assets ensures that there will be continued demand for decentralized exchange solutions like 0x. As the network grows and more DEXs integrate the protocol, the utility of ZRX tokens as a governance tool and staking asset becomes even more valuable.
A Brief History of 0x
0x was launched in 2017 by its co-founders, Will Warren and Amir Bandeali, who envisioned a better way for users to exchange cryptocurrencies in a decentralized and trustless environment. The protocol's initial success stemmed from its technical design and the creation of a robust, scalable solution for Ethereum-based token trading.
Since its launch, 0x has undergone numerous updates to enhance security, scalability, and liquidity. Notably, the protocol introduced "ZRX 2.0" in 2020, which introduced key upgrades such as support for off-chain order relay and the implementation of the governance model that allows ZRX holders to vote on protocol decisions.
The 0x protocol has continued to attract significant attention from developers, investors, and crypto projects, with major decentralized finance applications and DEXs adopting its technology. As of today, 0x remains one of the most widely used and trusted platforms in the DeFi space.
Why 0x (ZRX) is a Strong Investment
In the rapidly evolving world of DeFi, 0x is well-positioned to maintain its status as a leader in decentralized exchange infrastructure. The coin's utility within the 0x protocol, its role in decentralized governance, and the increasing importance of DEX solutions make it an attractive investment opportunity for those looking to diversify into the cryptocurrency space.
With its innovative approach, commitment to decentralization, and growing adoption, ZRX offers investors a chance to tap into the next generation of blockchain-based finance. As the DeFi ecosystem expands and more assets migrate to decentralized platforms, 0x and its native token ZRX will continue to play a central role in the future of digital asset trading.
Helpful Links:
Coin Market Cap
coinmarketcap.com
White Paper
0x.org
Stay profitable my friends,
Savvy
0x
ZRX/USDT upward journey from key support? 🚀ZRX Analysis💎 Paradisers, gear up for a thrilling trading adventure with #ZRXUSDT, currently anchoring in a key support zone, signaling a potential market shift.
💎 A deep dive into #ZRX's recent activities shows a bit of a challenge in surpassing its previous high, hinting at possible bearish undertones. Yet, the stage is being set for a bullish swing from the support level of $0.3851, as we aim for a surge past upcoming resistance levels.
💎 Should the momentum for $0x start to diminish, we're eyeing a dynamic comeback from the solid support at $0.3371. However, falling below this crucial juncture could herald the beginning of a deeper bearish phase.
ZRXUSDT (0x) Daily tf Range Updated till 14-03-24ZRXUSDT (0x) Daily timeframe range. over 290%+ continuous pump after its consolidation another impressing PA. holding from swing end paid really well. now close to 1.3419 in this rate its not that hard to cross it if not seller takes over or retrace takes place.
ZRX FORMING A RISING WEDGE BINANCE:ZRXUSDT is forming a rising wedge, or a bearish wedge potentially could see a reversal from a day trading standpoint.
In my technical analysis, the price has reached an essential key resistance level of $0.2720 or the .618 Fib retracement as shown in the chart below on a daily timeframe.
RSI indicator is showing a bearish divergence wherein it forms a lower high and the price forms a higher high.
Currently the price forms another higher high, the next resistance would be at $0.2967 if the price would push upwards based on the Fib retracement extension of 2.236. I could determine the next trendline as valid utilizing the back test process.
If you're looking to trade this coin NOW, use this diagonal support as guide. It also formed divergence as well.
If a breakdown confirmation happens, set partial take profits on the common support lines.
I will try to update on that :)
Always PLAN your trades and happy Halloween 🎃
Breakout from the Wedge: #ZRXUSDT Signals Potential 115% Gains💎Earlier this year, #ZRXUSDT broke above the Falling Wedge pattern, signaling a potential uptrend. The subsequent formation of higher highs and higher lows further reinforces bullish outlook.
💎In recent weeks, #0X has been consolidating just above the 88.6% Fibonacci support, aligning with a significant supply/demand zone established over the past year. As long as we maintain a daily close above the 88.6% Fib level, the stage is set for a remarkable price surge of over 115% in the weeks ahead.
💎Our attention now turns to the nearest major resistance and supply area near the 38.2% Fibonacci retracement. This presents a key target for potential gains.
💎While it's essential to acknowledge the current downtrend visible on the daily timeframe, it becomes paramount to closely observe the price action around the current support. MCP team is eagerly watching for signs of strength and confirmation.
💎Stay tuned, Paradisers! We'll be keeping a close eye on the developments and providing you with timely updates on #ZRX. Let's navigate this market together and seek those opportunities for success.
ZRX - Falling Wedge and Down ChannelPrice is currently within a large down channel
I expect a move up to the top of the channel and then revert back to the norm of back within the channel
It is possible that price breaks the channel and continues up to the thick horizontal line. Speculative though.
Falling Wedge Breakout
ZRXUSDT(0x) Daily tf Range Updated till 01-04-23ZRXUSDT(0x) Daily timeframe range. solid pump where btc dominance still high. a clean break from #0.3337 open a space till #0.4500. it got some decent volume now so its not that hard. if selling pressure takes over a failed break will lead it back to lower levels.
✳️ 0x Protocol | Times Of Change (Name Your Altcoin #27 ✅)We are looking at ZRXBTC, a multi-year long bear market has likely ended.
A new ATL has been hit, 26-Dec. 2022, after 861 days of bearish action.
Since the August 2020 peak price, we have a -89.13% drop.
A long-term bullish divergence between ZRXBTC and its weekly RSI is the first signal.
Last week ZRXBTC moved above EMA10.
One final signal is the falling wedge pattern, which is already breaking bullish.
Initially we can see a 90% to 120% jump once volume and buying pressure comes in.
Mid to long-term, we have a nice 450% potential and even more, up to 800% long long-term.
We have to see how this will develop.
Within the next 5-10 years we are going to experience something that happens only once in a century, it will be everything and more that we have been waiting and hoping for.
Permanent change in this reality.
Honesty, truth, accountability, freedom & love.
Namaste.
ZRX good investment ?hello dear trader
this price action for ZRX ...
ZRX is a utility token that is used to reward relayers with trading fees for hosting an order book. The 0x ecosystem saw tremendous growth in 2020, and in January 2021 alone, the protocol reached $5.7 billion in trading volume. ZRX also derives value from being a governance token.
zrx have good futures
good luck
ZRX, can touch that profit levels?0x is an infrastructure protocol that allows users to easily trade ERC20 tokens and other assets on the Ethereum blockchain without relying on centralized intermediaries like traditional cryptocurrency exchanges.
To learn more about this project, check out our deep dive of 0x.
0x achieves this decentralized exchange functionality using a collection of open-source, publicly auditable smart contracts that work together to produce a flexible, low-friction trading protocol that developers can easily weave into their products.
The protocol is powered by an ERC20 utility token known as ZRX. Nodes that (also known as relayers) host an off-chain order book and offer user-facing applications that present this information and allow users to make, fill and cancel transactions are paid in ZRX tokens (as trading fees). ZRX can also be used to participate in platform governance, helping holders suggest and vote on changes to the protocol.
In 2019, 0x announced an overhaul of the ZRX token, adding extra functionality, allowing ZRX holders to delegate their stake to a market maker to earn passive rewards while retaining their voting capacity.
Buy setup
Entry : 0.22 - 0.27
SL : 0.189
TP1: 0.278
TP2: 0.288
TP3: 0.3
TP4: 0.315
TP5: 0.335
TP6: 0.36
TP7: 0.39
TP8: 0.43
TP9: 0.47
TP10: 0.51
TP11: 0.56
TP12: 0.62
TP13: 0.7
TP14: 0.8
TP15: 0.9
TP16: 1
TP17: 1.12
Spot or Future (1x, 2x, and 3x)
Run and enjoy it!
Follow me! Copy my trade! BingX
TradeSetup_Reza
zrxOne of the few projects with a real product (Matcha.xyz)
However, the coin serves no purpose as you can use their exchange without ever needing the coin.
DeFi index is also going down, so this will trend down as well.
No reason to stake ZRX either since the yields are terrible in comparison to others.
ZRX - As you name the boat, so shall it sail🌊 ⛵ Reasons to take short:
⭐️ BTC bearish
⭐️ Trendline 9 days long
⭐️ Trendline is clean
⭐️ Collected stop-losses
⭐️ Buyer loses power
⭐️ Price is squeezing to the trendline
⭐️ 5th touch
⭐️ 70 ATR, coin at high
⭐️ Under VWAP
Will enter when price squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones