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$ZRX, Come On Fellas… Weekly Looking at our trend timeframe we see price has left us with a higher low at 8000, our previous higher low was back on March 19, 2018. ZRX is now attempting to break out out it’s minor downtrend that started in May. Stochastic RSI showing momentum is in favor of bulls. Coinbase has confirmed ZRX being added to their exchange. Daily Shifting over to our pattern timeframe we price see has found support at 11000, leaving us with a better view of our higher low. ZRX now looking to leave a higher high, breaking out of our mind downtrend. A daily close above 12200 activates our trade, momentum in favor of bears. Leaning towards a daily close above this level sometime this week, after this it’’s only up…
Long
by UnknownUnicorn2434649
Thoughts on #ZRXUSD 0x Coinbase listing and potential near-term levels for continued strength. Currently trading around $0.80, the nearest discernible level of strong resistance is likely at $1-1.10, with support around $0.70 - making the closest R/R levels not very appealing currently, but may be the best chance you get for any increased demand when Coinbase trading opens (under the assumption that there is demand on the platform that was unable to purchase via Binance, Bittrex, etc. - in this market there may not be much increased "real" demand). Nevertheless, some thoughts on the chart here: 1. Increasing volume along the ascending line is certainly positive, but the resolution may have already come with the indecisive wick on high volume yesterday. 2. If strength remains, the levels shown are likely areas for considerable supply - with ~$1.50 being a potential high (bar any exuberance) in the current market. 3. Typically in bear/neutral crypto markets, these ascending lines (though they look good because of #1. above) don't last to resolve as an ascending triangle and instead develop in to rectangles. 4. Likely more because humans like to see patterns in nothing, but an interesting note because of the similar volume we see for each candles/locations in the trends established. Regarding how I think about these levels compared to the ZRXBTC chart, I think it remains to be seen how being on an exchange with a real fiat on ramp will affect interpretation of ZRX by BTC/USD. The following chart relates these prices if BTCUSD remains at similar levels. 10k Sats is a very attractive level for risk-limited entries for a long-thesis for 0x, which is around $0.60-0.65, an important level for a floor of the current trend established in the ZRXUSD chart. Some also like to consider ERC20 tokens vs. the ETH charts - which might add further implication in your analysis. But I like to think - what do people need to use to purchase the given coin/token? For ICOs and that phase, it's ETHUSD, which saw the huge pump likely due to this. For a new listing on Coinbase - again, if there is a significant part of the market that hasn't entered #ZRX yet but wants to, via Coinbase, what will they be using it to enter? LIkely USD, which is also the quoted price in Coinbase, so I think the ZRXUSD chart will be the most important one informing on important levels for the time being. ZRXETH may give some indication of differential interest between the two in the coming months. Not that it's highly relevant, but we could compare ZRXBTC listing to ETCBTC listing on Coinbase on August 7th 2018: As you can see, however, trend strength leading up to listing is very weak, so consider the comparison with a grain of salt. Not to mention 0x is a completely novel protocol and it's fiat price will be under $1.00 on Coinbase, with important psychological implications for this when your average investor/trader sees it appear on Coinbase. Food for thought.
BINANCE:ZRXUSDLong
by JustChartThings
ZRX is listed on Coinbase Pro - 40% gain over the BitcoinOn the 11th of October, Coinbase has announced that ZRX token will be listed on the Coinbase Pro, although it is not yet available on the Coinbase.com website, Android apps and Coinbase iOS. Market reaction to the announcement was extremely positive, and yesterday 0X has gained nearly 40% against the Bitcoin. Price has risen from 10440, up to 14550 satoshis, where it found the resistance in form of 561.8% Fibonacci retracement level. The resistance has been rejected cleanly and price dropped down fast. Currently, ZRX/BTC is trading at 361.8% Fibonacci support, which was also rejected today, along with the upper trendline of the ascending channel. At this stage, there are no signs of a stronger correction to the downside. Quite the opposite, as the support is holding and the RSI rejecting the uptrend trendline, the upside momentum might get even more traction. With the current price setup, ZRX is expected to move up again towards the 14.5k or even 16.8k satoshis resistance. Price might produce spikes below the 11730 satoshis level, but only close below that price would invalidate bullish outlook. In this scenario, the downside pressure would increase and price could drop down to 161.8% Fib support near 10k psychological support. Support: 1. 0.000120 2. 0.000100 Resistance: 1. 0.000145 2. 0.000168
by CryptalDash
There is a possibility for the beginning of an uptrend in ZRXBTCTechnical analysis: . 0X/BITCOIN is in a range bound and the resumption of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 56. . While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue . Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00010210 to 0.00008920). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00010210) Ending of entry zone (0.00008920) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.00012060 TP2= @ 0.00013320 TP3= @ 0.00014570 TP4= @ 0.00016360 TP5= @ 0.00018600 TP6= @ 0.00020600 TP7= Free
Long
by ForecastCity
1
There is a possibility for the beginning of an uptrend in ZRXBTCTechnical analysis: . 0X/BITCOIN is in a range bound and the resumption of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 56. . While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue . Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00010210 to 0.00008920). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00010210) Ending of entry zone (0.00008920) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.00012060 TP2= @ 0.00013320 TP3= @ 0.00014570 TP4= @ 0.00016360 TP5= @ 0.00018600 TP6= @ 0.00020600 TP7= Free
Long
by ForecastCity
2
ZRX / BTC analytics0x is a decentralized protocol whose goal is to modernize and simplify the trade of ERC20 tokens through the use of transactions that take place outside the blockchain (off-chain) under ETH smart contracts. ZRX rate follows the market, an upward trend has formed. The 0x quotes correlate with the ETH, but on October 7, the rate broke off and went higher, and now the price will be adjusted to the lower level of the channel most likely. The current minimum was formed at the level of 0.00007369. The resistance at 0.001180 has broken through, but did not lock in higher, which may lead to consolidation of the rate at this level. In addition, it is a comfortable zone for asset purchases - 0.000101 - 0.000105. Volatility is 3-4% during the day. But the periodic appearance of large buy orders may cause of the long candles appear and volatility increases. The growth potential 0x is difficult to calculate due to the fact that the rate of the token depends on the development of ETH, being its extension indeed.
by ZOGRAS