Zrx
Nice Channel For ZRX - Possible 25% GainsOverview
- Overall ZRX is showing a nice channel where accumulation could be going on. Currently at a low-risk entry. Let's start from the top!
Price Chart
- This trade may require a little bit of patience as I think it'd look best if the MA lines(green/yellow) move closer to the current support of $2.04
- If BTC begins to dump ZRX could see $1.83 so patience is key here
RSI
- RSI looks great. Bouncing off the lowest value(shown by yellow line) always has the possibility to have a breakout
- If breakout does occur RSI has plenty of room to grow
Stoch
- Stoch value is low. Lower the value the more likely ZRX will see higher prices
Extra Info
- Learn about ZRX here: 0x.org
- ZRX VOLUME: coinmarketcap.com
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ZRXUSDTAfter such a huge movement, ZRXUSDT bound to retrace. Following the trend from before, it can be said that ZRXUSDT will continue bullish after making a 15-30% retracement. But it can also directly fly to the sky. But I think ZRXUSDT is a coin that will make a steady upward movement, so the conclusion is, either keep holding, or wait for the retracement, or wait for the break-out confirmation. This prediction only made by purely technical analysis. So there's maybe good news that can make ZRXUSDT fly directly like "ZRX plan to burn some of their coins". That's all from me thank you. Don't forget to give me your critiques and comments. ~This is just a prediction~
ZRX ideaAfter big move to upside by ZRX failing to breakout we are seeing an healty correction.
the retracement has hit 0.5 Fib zone without breaking it.
holding price above 9 EMA is pretty bullish due creating more space on RSI and preparing to the next move to upside.
On MACD we can see momentum shifting downside which can be also good consolidating the current price and creating good entry options.
If the price holds above 2.10 we can definetly see ZRW trying to breakout again at ~2.30.
Target is 2.60 (previous ATH)
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Ox will retest support than go back upZRX/USD ox will probably retest the support level at 1.2 where might be also a good buy opportunityand than it should bounce back up smoothly.
If multiple resistence levels are broken on its way up we might expect to get some gains over 50%
Be careful the market is volatile.Have a nice day and nice gains take care!
not a financial advice just my idea!
🔥 ZRX Bearish Channel ContinuationWith the most recent bearish BTC move, ZRX has failed to penetrate the upper resistance of the channel, staring a new move downward. If we will see another BTC move downward like we've seen a couple of weeks ago, ZRX will most likely fall back to the lower support of the channel, which functions as a great longer term target..
Happy trading!