Zrx
Binance: 0X (ZRX) buy / long H4Binance: 0X (ZRX) buy / long H4
Entry: 1.16
SL: h4 close below 1.05
TP: 1.4 - 1.45
0X protocol is an open-source protocol and enables peer-to-peer exchange of tokens on the Ethereum blockchain. Several projects have been developed on 0X, such as Radar, ParaDex, and DeversiFi.
The protocol is built on an off-chain order relay with on-chain settlement. Specifically, orders are signed and broadcasted on the blockchain, while settlement is done on the blockchain.
Unlike Ethereum-built DEXs 1.0 (e.g., Oasis, IDEX), this protocol allows users to send and cancel orders without any associated gas fee, while maintaining the non-custodial feature of DEX.
In addition, the 0X protocol allows interoperability between dApps, fostering the liquidity of networks through positive network effects.
ZRX tokens are used for governance functions within the 0x ecosystem. They are also used by relayers to create liquidity pools.
₿ ZRXUSDT 1D ₿ : 25.Nov.2021 (ZRX)This analysis is a review of the #ZRXUSDT daily chart and we can expect good growth from this Cryptocurrency considering its movement and reaction to the price range in which it is located. (Buy Recommendation) But Always do your own research (DYOR)
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @Ar_M_An_4
📅 25.Nov.2021
⚠️(DYOR)
❤️ To give us energy and motivation , please like and leave a comment. ❤️
ZRXUSD Resistance Turned SupportOne for the 0x bulls
Multiple ways can be seen to display the transition from resistance to support
WIth a simple horizontal line
Using the 50 day MA
and also using a fibonacci circle which shows a rejection early at 3.618, then this turned to a support later on
Bullish
Which Side will Prevail? ZRXUSD A chart for ZRXUSD
I have identified both possibilities for price action
for the bears, a triple top and a combined rising wedge. Both of these together make a good case for bears
for the bulls, using the MavilimW indicator I have plotted a,b,c, showing a comparison to a previous point in the run up which may repeat
I am siding with the bears generally because the Rising wedge is very indicative of a bearish short term move, which will lead to the breaking of the uptrend line, and movement down the side of the circle.
0x ZRXUSDT - Elliott Wave + Rising wedge- 0x - ZRX - Rank #101 - Token
- ZRX is very bullish on the weekly macro scale.
- We have a rising wedge, that greatly holds support.
- Bullish volume is higher and RSI is prepared for a pump!
- Profit target 1:1 fib extension or top of the wedge
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓
- If you want to see more of these ideas, hit "Like" & "Follow"!
#4 | 0x vs Tether (ZRXUSDT)We have some similar signals here for 0x (ZRXUSDT) to what we just saw with Alien Worlds (TLMUSDT).
Strong candles with very high volume to break above EMA10/50/100 and MA200.
The MACD is in the bullish zone while showing plenty of room available for additional growth.
The RSI is at 66.66.
Just 50 is considered strong, 66 is super strong.
We don't need to get into any more details, we've been studying daily these signals and they are clear... What do they say?
There is potential for additional growth.
Remember to always COMMENT and FOLLOW if you would like to show your support.
Namaste.
is ZRX ready?YOUR LIKE OR COMMENT IS MY FUEL FOR NEXT ANALYSIS :) IF U HAVE ANY QUESTION REACH ME HERE
This is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info
how to study and read charts or just need help with some coin, just write to me here a comment, i will try to answer to everybody...
i can help you :) all for free, don't worry, BE HAPPY!
ZRX started the reversalIf you read my previous signal on ZRXBTC you'd be already familiar with my two support/resistance lines. As you can see the second one held and price started reversal there, I waited before posting this signal because BTC looked like it could pump more, which would have dragged ZRX deeper.
This huge pump took ZRX over the R and even the ichimoku resistance, I expect now a retracement, maybe a retest of support and then the climb up should keep going until BTC starts the engines again. For the end of the year many see BTC around 100k, this should mark the begin of the end of the cycle. When BTC will reach that price we should see a massive outflow of money from BTC to major alts and then to all the others. I expect ZRX to start outperforming BTC after major alts as I don't see it as "major".
If price retest support it might be a good window to entry but set a stop loss.
Good luck!
"Good old boy"After a long time of consolidation, the ZRX is in a troublemaker which, due to the continuation of the bull market, will be broken upwards, which is additionally confirmed by the MACD and RSI chart.
In my opinion, as soon as new capital flows into BTC and BTC's dominance stops growing, we will see a fourth wave of growth on Alt coins.
The first stop of the new growth wave in my opinion will be the level 0d 5-6.5 $. Because there is the top of the model channel, which previously stopped the growth several times.
BTC after exceeding $ 100k will surely see another upward correction (fast and dynamic), so at this point, if there is a correction, I think that a strong support on the ZRX will be the level of $ 1.8-2.2.
Later (the worst scenario due to the far time horizon) we can see the last wave of growth on Altach which will amount to over $ 10 + (similar to January 2018. Will it happen?
Previous analyzes:
ZRX: when the reversal?As I anticipated the 28th of September ZRXBTC didn't promise well and unfortunately I was right (I say unfortunately because I'm a holder). As you can see the triangle broke downward and price is currently testing the first support.
At 1h and in some cases at 4h I see bullish DIVs on various indicators (MFI, CCI, RSI etc....) however for such divergences to play out on macro scale we usually need them appear at daily timeframe. However what will happen depends also from BTC itself. I think it'll retrace very soon, if this happens ZRXBTC will retrace as well but will recover right after. If I'm wrong and BTC will keep pumping the current ZRX support will be broken.
Notice I'm not showing the target according with theory as it'd be a -147% from breaking point and I don't think we'll get there. To be honest I don't think we'll even get to the bottom support of the triangle (yellow non-dashed line).
My idea is that price will reach next support (1442 sats) and then range between the two supports until the reversal will start. Usually this is what happens when such patterns break down, the usual shape of the chart is like a small cup which starts going up. This process might take several weeks from now.
We'll see if I'm right. If you wanna enter wait for the dip
ZRX - BREAK OUT AND RETEST AND PUMP!Candles are giving us that expectation. If the price closes above the downtrend. We can expect this to be the real breakout!
This is the downtrend line since April. 10 months and five bounces.
After breaking will be a real strong uptrend. I wait for that.
We wait for the confirmation closing candle of tomorrow to enter the order.
Target: Moon!