#ZRXUSDT Ready For a Major Bullish Move After the BreakoutYello, Paradisers! Are you ready for the next big move in #ZRXUSDT? The #ZRX is retesting a crucial demand zone and let's see what happens next:
💎 NEWCONNECT:ZRX is currently showing signs of a probable bullish continuation from a support zone at $0.2893. We've observed #0xProtocol following a descending channel for quite some time. Recently, after breaking above the descending resistance, it's gaining momentum at this key support level.
💎If NEWCONNECT:ZRX holds strong at this level, there's a high probability of a bullish rally, similar to previous trends. A breakout above the probable resistance at $0.407 could lead to targeting the next resistance zones and beyond.
💎However, if the momentum doesn't hold at the key support, we might see a bullish rebound from the lower demand area around $0.227.
💎It's crucial to stay vigilant and monitor #ZRXUSDT price movements closely. A daily closure below the demand area could invalidate the bullish outlook and potentially lead to further declines.
Stay focused, patient, and disciplined, Paradisers🥂
MyCryptoParadise
iFeel the success🌴
0xprotocol
ZRX/USDT falling wedge what next? 👀ZRX analysis💎 Paradisers, get ready for an intriguing ride with ZRXUSDT! The current price action closely adheres to a falling wedge trajectory. If the price maintains momentum at the bullish order block (OB) and key support $0.3942, we can anticipate a bullish ascent toward the strong resistance level.
💎 However, let’s also consider an alternative scenario: Should the price drop below the key support within the falling wedge, it’s time to act wisely. As savvy traders, we’ll take a downward position because selling pressure has overcome buyers, capitalizing on the recent market uncertainty.
💎 For newcomers tempted to go long, remember to stay vigilant and anticipate market movements. Being one step ahead can make all the difference!
MyCryptoParadise
iFeel the success🌴
ZRX/USDT Poised for an Explosive Movement? 👀🚀ZRX Analysis💎Attention Paradisers! Keep your eyes on #ZRXUSDT. It's comfortably seated in a demand zone and looks ready for a bullish surge.
💎#0xProtocol is on the rise, displaying a bullish trend near the $0.82 support level. It's tracing an ascending channel pattern, having found support within this channel on two occasions. If this trend holds, we anticipate a robust bullish leap towards the $1.75 supply zone.
💎If #ZRX faces hurdles at the $0.82 threshold, it may signal a strategic pivot point. We could then look to a lower demand level at $0.57 for a bullish resurgence.
💎Vigilance is key as we navigate market shifts. A descent below the pivotal $0.82 level may necessitate a strategic shift, particularly if sustaining the bullish momentum in the #ZRX market proves challenging.
ZRX/USDT Analyzing Potential Moves from Support Levels? 👀 🚀💎Paradisers, focus on #ZRXUSDT as it’s at a pivotal market point, evaluating a key support level for its next move.
💎 Diving into #ZRX past behavior, it has shown a consistent pattern of breaking upward from a descending trendline. Currently, it is reassessing the support level at $.3447. If it can sustain strong momentum above this support, we could see a bullish move originating from this point. However, if momentum falters, NEWCONNECT:ZRX might find its bullish resurgence starting from a lower support level at $.3150.
💎 But that's not all. If #0xprotocol breaks below the $.3150 support, it could signal a shift in market sentiment towards the bearish side, potentially leading to a further decline. 🌴💰
Transition point to short-term uptrend: 0.1839Hello?
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(ZRXUSDT chart)
During day trading, if support is found at important support and resistance points or sections, it often turns into a sharp uptrend.
In that sense, if you look at ZRX's chart,
The volume profile section of the 1M chart is 0.2004.
Therefore, the key is whether it can rise above 0.204.
Therefore, no matter which chart, that is, the 1W chart and 1D chart, the support and resistance points are formed, the most important thing is whether it can eventually break above 0.204.
(1W chart)
The key is whether it can receive support around 0.1649, the volume profile section of the 1W chart, and rise above 0.2274.
(1D chart)
To summarize the movements of the 1M, 1W, and 1D charts,
- It appears ready to transition to a short-term uptrend as it rises above 0.1721, the HA-Low indicator point on the 1D chart.
- Accordingly, if the price rises above 0.1839 and is maintained, it is expected to lead to a movement to rise to the volume profile range of 0.204-0.2274.
- If it rises above 0.204-0.2274, it is expected to lead to an attempt to break upward through the 0.2488-0.2785 range, and if it succeeds, it is expected to form a new wave.
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
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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.
✳️ 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.
ZRXUSD Resistance Turned SupportOne for the 0x bulls
Multiple ways can be seen to display the transition from resistance to support
WIth a simple horizontal line
Using the 50 day MA
and also using a fibonacci circle which shows a rejection early at 3.618, then this turned to a support later on
Bullish
Which Side will Prevail? ZRXUSD A chart for ZRXUSD
I have identified both possibilities for price action
for the bears, a triple top and a combined rising wedge. Both of these together make a good case for bears
for the bulls, using the MavilimW indicator I have plotted a,b,c, showing a comparison to a previous point in the run up which may repeat
I am siding with the bears generally because the Rising wedge is very indicative of a bearish short term move, which will lead to the breaking of the uptrend line, and movement down the side of the circle.
ZRX / 0x Bullflags All RoundBullflag evident on the USD pair
Also evident on the BTC pair
Great buy opportunity for long
I dont have any targets, its a solid long term pick though
$ZRX/BTC 4h (Binance Spot) Descending channel breakout & retest#0x Protocol broke bullish and seems to be preparing for next move up after that pull-back.
Current Price= 0.00003119
Buy Entry= 0.00003074 - 0.00002990
Take Profit= 0.00003466 | 0.00003725 | 0.00004064
Stop Loss= 0.00002742
Risk/Reward= 1:1.5 | 1:2.39 | 1:3.56
Expected Profit= +14.31% | +22.86% | +34.04%
Possible Loss= -9.49%
Fib. Retracement= 0.618 | 0.786 | 1
Margin Leverage= 1x
Estimated Gain-time= 2 weeks
ZRX (0x) Analysis 14/03/2021we had Analyzed this token earlier and well capitalized on it, now updating the New analysis and positions.
Fundamental:
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.
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.
Unlike many other Ethereum decentralized exchange protocols, 0x supports both fungible (ERC20) and non-fungible (ERC-723) tokens. This means it can be used for the permissionless trading of a wide range of assets, giving holders a way to buy, sell and exchange the vast majority of Ethereum assets through more than a dozen different apps.
The 0x protocol can be applied to a wide range of use cases, including eBay-style marketplaces for digital goods and services, OTC trading desks, exchange functionality for DeFi protocols and plain-old decentralized exchanges.
Although 0x can be used to build highly flexible exchange products, it can also be built into products where asset exchange is a secondary feature — such as for in-game purchases and portfolio management platforms.
On the 0x protocol, liquidity takers pay a fee in the form of ZRX tokens — this fee is used to incentivize market maker (relayer) liquidity. Users also need to pay a protocol fee in the form of Ether (ETH), which is used to pay for the gas used in any transactions they complete. As an open-source protocol, 0x does not receive any share of this revenue, and is instead supported by ZRX tokens unlocked as team and developer incentives — along with its initial ICO funding.
0x was founded in 2016 by Will Warren and Amir Bandeali. The two co-founders continue to serve the platform, with Will Warren as 0x's CEO, whereas Amir Bandeali is CTO.
The platform launched following a successful initial coin offering (ICO) in 2017, during which it raised a total of $24 million — with support from prominent investment firms including Polychain Capital, Pantera Capital and FBG Capital.
Prior to the sell-out ICO, Warren worked in several research roles and briefly held the role of technical advisor to Basic Attention Token (BAT). Bandeali, on the other hand, graduated from the University of Illinois with a BSc in Finance and held several trading positions before co-founding 0x.
Now the team is composed of more than 30 individuals, including engineers, researchers and designers who work to update the platform and keep it running smoothly.
Technical Analysis:
as you could see in our past analysis we had drown a Fibonacci projection where we had defined our past Triggered Targets, we could see the price has touched the 161.8% (extension) Level, and currently Correcting and Reaccumulating, which is the confirmation of continued Rally to 261.8% and above
additionally we can see a Mild Hidden Bullish Divergence which is the sign of trend continuation and it can work as additional confirmation on the Analysis bias.
at present we had defined 2 Targets by the same Fibonacci Projection which are to be triggered in the coming few weeks...
ZRX prepping for the next bull run ZRX has started showing buyer interest on the weekly. It has slowly made it's way above key S/R level on the weekly, which hints towards hidden buying momentum.
Once it has done the retest of 4710 sats on the weekly chart, it should be ready to go to new weekly highs.
Weekly buy opportunities - Cashless societyI recommend entering a long position in the idea that the ultimate goal is to replace cash in society if you're an investor. As per Bitcoin cash's ultimate goal to achieve 'mankind scale, 50 transactions a day for 10 billion humans',
coins such as Litecoin, Bitcoin, Bitcoin Cash hold massive potential.
Kyber and 0x are not very applicable in this area, however it is always nice to generate some capital from a clearly bullish coin.
The Gaussian channel indicator provides us this data
Its only a matter of time