Zrx
ZRX/USDT "Bull Flag" Hello Friends,
ZRX is looking like it is ready to move up.
Details on the Chart.
This is my viewpoint and my opinion. I am not giving advice but only sharing what I see. Do not enter a trade on my TA but do your own homework.
Cryptocurrency is volatile and very risky. Never invest what you can't afford to lose and always educate yourself and continue to do so when making any kind of investment.
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CYA on the next one...until then, the trend is your friend. Buying on the dip and selling on the hype.
Cheers!
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