Zrx
ZRX coinbase listing signs of extreme bullishDuring coinbases announcement and listing of ZRX . The process took 4 stages in total to be open for full trading on there platform. Bewteen the 3rd and 4th stage zrx saw a 60 percent increase bullish day candle wick. This is a sign of big money on coinbase as a whole. With BAT announcement being listed it will no longer be the cheapest coin on coinbase but i still think its fundemental value and its cheap price point currently around 80 cents puts it at a high chance of reaching 1 dollar again soon within the next few weeks!
ZRX Long! 25-40% Short term swingHEY! Whats up TradingView Fam!!
After massive amounts of hype and action post Coinbase listing, ZRX movement has been slowwww in a corrective wave with very volume the last several days. That tells me there is massive move brewing. All of its Coinbase counterparts have been pumping the last few days and now the little brother should start to play catch-up. As we can see here on the daily chart $ZRX is testing the neckline of an inverted Head & Shoulders , which indicates a potential reversal from the prior corrective movement. The 50 & 100 day MA's are converging as support along with the neckline of the Inv 0.65% H&S . A bounce from these 3 supports with decent volume should take this up to the 200 day MA with a target of $0.90- 0.93 and possibly a retest of the recent high @ 1.098 if it gets above the 200MA.
If this level does not hold, ZRX may end up retesting lower support levels at 0.63-0.60
TA Points:
- Neckline of the Inv 0.65% H&S acting as support
- 50 day MA crossing up through the 100 day MA both acting as support
- Currently at the .786 Fib level from the last movement up from 0.66 to 1.098
My Trade for Coinbase or Bitfinex:
Long @ 0.76
Stop Loss @ 0.72
Target @ 0.90
ZRXBTC LONG ALL SET FOR QUICK 37% PROFIT
RSI GOOD
MFI 20 OVERSOLD
MACD OVERSOLD
STOCH BELOW 20
CURRENT POSITION ABOVE 61.8 11710 SAT 1.27% UP
TARGETS 12960 - 13685 - 15925 (7-14 DAYS)
FOR QUICK TRADERS STRICT STOP LOSS OF 11000
REGULAR ST AND LT TRADERS STOP LOSS 10256
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ZRXBTC - will the pattern repeat?Last idea was successful and made some profits. Let's try to exploit ZRX movement again.
ZRX did it already two times in the past and is kind of forming ascending broadening wedge. In the last four days it formed also triple bottom and is currently above all MAs on 4H timeframe, riding nice above 200 MA.
Idea is based on assumption that it will retrace once again, where I will put two orders (Entry 1 and Entry 2) with stop loss just bellow 200 MA.
In case it won't retrace but will rally from here, I'm willing to enter on breakout, currently with the same stop loss.
Targets are 0.618 Fib retrace level of last drop and just bellow previous high. If things will look pretty, I'll leave part of trade for longer run.
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
ZRX LONG: WATCH THESE LEVELSWere price to take out clean lows into 11494 level and quickly bounce, very likely a stop run for further upside.
Long at 11494 is a good entry with stop beneath demand zone.
Alternatively, if not given a dip, find support above S/R level for long.
GLGT
Original idea by Ribz
ZRX 10.16.18 Head and Shoulders?Possible head and shoulders playing out.
We have the initial uptrend, an increase in volume to form the left shoulder, another smaller volume spike for the 2nd left shoulder, then another big volume increase as the head forms, then decreasing volume as the right shoulders form.
A break of the green necklines with an increase of volume would confirm the reversal pattern. If this does play out it would be very strange considering it just got listed on Coinbase and BTC has been showing some signs of bullish short term movement. Does Ox know something that we don't know?
#andthewindcriedcapitulation
ZRX to move up before Christmas.Well it looks like BTC decided to take a shit on the markets today. ZRX is in buy area for wave 5. Some positives about this is Bitfinex recently accepted them for margin trading, it passed all of there 'tests' and Coinbase added them to there collection. Its a good risk reward, risk 10c to make 70c+ seems like good value to me.
You can see two of the oscillators is showing hidden bullish divergence. It is sitting on the 84% fib line which is still bullish, should it break the zero mark you can void it as the 5th wave.
Look for a structure like this then buy or if you dont mind going negitive for a while buy now.
same action as before?I am new. Does is look like the 'move' before?
feedback, comments & tips are welcome!
ZRX double bottom?ZRX is forming a potential double bottom at trendline support, which coincides with the 200-period EMA on the 4-hour chart.
Whether it bounces here will obviously depend on BTC and the rest of the crypto market. Bitcoin has broken lower after trading in a very tight range for the past two weeks – however, given the way it has been trading recently there is every chance this will turn out to be a false break. If that is the case, ZRX could reach 0.95 to 1.00 very quickly.
If the across the board selling continues, ZRX is likely to fall to 0.70 which will become the key level to watch.