Zrx
ZRX/BTC - LONG with TIGHT s/lBlue triangle indicates the current range.
Green box is buy.
Red box is sell.
Blue line indicates potential support/resistance .
Green line indicates t/p.
This is a log chart.
This is not financial advice. All charts shown on my page, including this one, are just for fun.
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This chart is made using fib channels.
ZRX Ready For A New CycleWelcome Back!
Who is ready for another altcoin ready to start popping off?
Today we will be discussing ZRX because this is one that's painting a perfect market cycle.
There are a couple key factors I look for when accumulating a market cycle.. I want to see new money entering the market indicated by volume, along with a breakout of the previous down trending resistance indicated by the last cycle, lastly, I want to see price at a cheap level where demand exists. ZRX has fulfilled all my indicators for buying a market cycle.
In this chart I have drawn my demand zone for accumulation. I don't find it likely that we break below the most recent low we created before the breakout of major descending resistance. With prices already showing accumulation in the rounded bottom, I find this scenario unlikely.
This coin was listed to coinbase a few months back which is when we saw the massive breakout in volume. Remember, noobs love to fomo into pumping coins. What do you expect to happen when they find a coin on Coinbase thats less than a dollar? Coinbase listing are a pretty solid backing with the average retail investor..
I started accumulating this at about 0.25 and will be looking to add to my bags the lower we retrace.
ZRX double bottom?ZRX doesn't look the greatest right now but it could very well be forming a double bottom here near the lows
Sitting right at support, a strong move away from this demand zone could spell some very nice upside in the coming weeks
A break to new lows could spell problems and the trade would be cut
Thanks guys!
Excitement for the coming weeks0x looks very bullish to my mind and hopefully the scenario will play out in our favour. the price movement is directed towards the 200ma line and hopefully will break through it. slowly but surely it will reach the previous price levels. i think the next few weeks will be exciting.
well, they have to, i need a new notebook ;)
Important price levels (by my estimation):
0.44
0.50
0.55
this is not a trading advice, you trade at your own risk!
ZRX - Multiple time frames show near bottomShowing in the 1Month charts
Jan 15th 2018 - Present the building of an
Adam and Eve pattern and we are at the bottom or near
before the back half of the pattern.
Showing on the 1W charts
May 7th 2018 - present the building of a large
descending triangle. We are nearing the apex of it.
Time for it to break out or break down.
Things which support a break up.
*Adam & Eve pattern on 1M
*1 Year descending wedge triangle
*decent volume Inverted hammer
ZRX - 1M Adam and EveShowing in the 1Month charts
Jan 15th 2018 - Present the building of an
Adam and Eve pattern and we are at the bottom or near
before the back half of the pattern.
Showing on the 1W charts
May 7th 2018 - present the building of a large
descending triangle. We are nearing the apex of it.
Time for it to break out or break down.
Things which support a break up.
*Adam & Eve pattern on 1M
*1 Year descending wedge triangle
*decent volume Inverted hammer
$ZRX Another asset sitting at a good support level (~6300sats)..$ZRX Another asset sitting at a good support level (~6300sats)..
Bounce from here could be expected as market starts to rise
I would like to see better volume levels or a daily close above the support level as signals of confirmation..
Will update as soon as I see changes!
#ZRX
ZRXUSDT SignalZRXUSDT is moving through a consolidation phase, and has had a strong bounce from the bottom of its trend channel. StochRSI is reversing. We target a return to the upward trend.
Buy: 0.3400 - 0.3430
Target 1 - 0.3535
Target 2 - 0.3660
Target 3 - 0.3776
Target 4 - 0.3884
Stoploss: 0.3298
ZRX under huge accumulation? #crypto $zrx $0x #tatipObserving ZRX in the 3D chart there are some clear signs of accumulation.
- Head & Shoulders pattern forming right into support which is a clear indication of accumulation in this zone
- Strong resistance turned into support
- Volume during the sideways phase is greater than the trending phase (!!)
Overall all these signs are an alarm for ZRX, it's also one of the most underperforming coins for 2019 so it may be the next winner.