Zrx
ZRXEUR Top trendline on parallel channelWatch for rejection or continuation and resistance/support flip in the parallel channel. Overall bullish
ZRX A Shark move | Upto 1000% rally expectedHi dear patrons, hope you are well and welcome to the new update on Ox (ZRX) token.
In 2019 I posted that the price action of ZRX completed a very big bullishg reversal Shark move on monthly chart. At that time the price action was likey to bounce from the support of a triangle therefore I suggested to by at 0.886 Fib level however the priceline completed the Shark and moved between 0.886 to 1.13 Fib level. And the price action rallied.
In the US Dollar market I posted this butterfly move that produced more than 1000% sofar.
But on the long-term monthly time period chart, the price action of the ZRX with Bitcoin pair was still moving in the potential reversal zone of Shark . The price action cannot enter in the negative zone, therefore I have placed the Fibonacci pattern up to 1.13 Fib level only for the educational purpose, however the price line has found the last support at 0.00001465 btc.
This trade has a huge profit possibility of 1050%, and the loss possibility is only 55.5%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
ZRX/BTC Ichimoku Cloud - Edge-To-Edge Strategy!The ZRX/BTC ichimoku cloud on the daily timeframe is undergoing an edge-to-edge move.
This strategy involves price moving into the cloud from below, and closing inside of the cloud. Once this happens, the edge-to-edge idea suggests price will make its way through the cloud to the other end for a 'kumo breakout' above the cloud.
Think of the cloud as an area of weak resistance/support. If you threw a rock at a real cloud, the rock would go right through that fluffy thing. Replace 'rock' with 'price' and you get the same idea here.
ZRXUSDT (0x) - POTENTIAL BREAKOUTANALYSIS 🔎
- ZRXUSDT is consolidating in an ascending triangle pattern.
- This is a bullish build up pattern.
- Price testing the ascending triangle's horizontal resistance.
- There's an upward breakout potential.
BUY ENTRY ⬆️
- Breakout above the ascending triangle's horizontal resistance.
TARGETS 🎯
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.
ZRXUSDT - POTENTIAL BUY ENTRY ANALYSIS 🔎
- ZRXUSDT is printing an ascending triangle pattern.
- Price bounced off the ascending triangle's inclined support.
- Price also brokeout above the descending trendline resistance.
- We could see a test of the ascending triangle's horizontal resistance.
BUY ENTRY ⬆️
- Breakout above the horizontal resistance level (R1).
TARGET 🎯
- Ascending triangle's horizontal resistance.
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.
#ZRX, UCTS 1D Buy signal confirmed as its crossing over ~1500#ZRX
UCTS 1D Buy signal confirmed as its crossing over ~1500 sats
Volume not looking that strong yet, but still the bot on @3commas took the trade (12%+ up atm)
cryptontez.medium.com
Looking for a R/S flip at current level OR stronger volume as signal of continuation
#ZRX