ZRXBTC
ZRX potential pump coming soon (4h chart)Keep this quick and simple...
MAs look great for a continuation of an uptrend. RSI is not heavily overbought, which I believe this uptrend has some steam in it. Accumulation/distribution looks to be rising, thus confirming a continuation for some more upside currently. I believe hitting Target 1 to be very likely and hopefully pump up to target 2 which at that point I would be taking profit off the table and moving into USD tether. Looking at the fibon. chart as well I think this trend is capable of easily hitting that target 1 and testing that resistance at target 2. That's all for now, we will see what happens over the next week or so. I'm guessing hitting target 1 at 80% confident and hitting target 2 at 50% confident IMO. Good luck!
ZRX Weekly bullish case.ZRX USD Bullish case.
weekly
-MacD higher low trending bullish
-ZRX / BTC looking to close above
this line which hasn't been breached
since November 2018
-bounced from the 100 ma
- TD sequential in on a 3 of the count down trading above the two and above the spirit of the nine.
Daily
56 daily bars of consolidation resulted
in a +150% increase the last time. we
just got 56 bars again and a price increase to
touch the resistance again. If we breach here
we could run up a nice gain.
0x (ZRX) Moves Above Support, Chart Analysis0x (ZRXBTC) can easily bounce now that EMA50 has been tested and prices moved above EMA10 on increasing volume.
This "bounce" (green arrow) is only possible while prices remain above "support".
If ZRXBTC moves below EMA50, lower support can be tested.
Even if prices drop, we remain bullish long-term (red arrow).
Thanks a lot for reading.
Namaste.
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This is not financial advice.
4 Hr. Practice Trading (Using MACD) W/+50/200 EMA (PART 1)Curious to see if a new configuration will lead to better lower timeframe (4hr) results. No targets for now, however moving up stop loss once break out begins. More or less just recording data and seeing if I can catch MACD breakouts.
Im used to working with daily and weekly FYI
ARU
"STOP LOSSES PEOPLE!!!"
ZRX BreakoutGood morning all,
Lately, the DeFi space has been very bullish and leading the recent wave of altcoin fever. ZRX is arguably the most established in the space, and it is looking like it is ready to breakout and test the $0.40 area.
Currently, price is aroung $0.33 and we are seeing early signs of a golden crossover. Although not yet confirmed, with a MACD cross and SFP off the lows on the daily ZRX appears just moments away from a monster move. It shouldn't be long before we see an explosive move.
Summary:
LONG ZRX AT MARKET
SELL TARGETS: $0.40 AND $0.42
ZRX - POSSIBLE CONTINUATION OF THE RALLYZRX seems willing to continue the rally after breakout and retest of the triangle.
On the chart my target and stop loss.
There are two possible trades here.
TP 1 RR 4x (40% vs 10%)
TP 2 RR 6X (110% vs 17%)
I opted for a mix of the two: once first target is reached, I will close half of the position and move SL at break even, then I will let profit go until some new catalyst comes out.
Disclaimer
This is not a coin that I am going to keep in my ptf for a long time. Just a short term speculative trade.
ZRX/BTC downtrend broken, bull pennant, possible support retestAs we can, ZRX has broken both its short-term and long-term resistance and is currently forming a bull pennant. I am expecting it to make a decent move up and test its current high but it is likely, it won't break and the reason for my thinking there is that it has not retested the symmetrical triangle it broke up from for support which has additional confluence with both 100 & 200 DMA coinciding with it. Although, it is possible that it breaks up from the current pennant and keeps making higher highs, starting a new uptrend, I would rather be cautious..So, if I were in it, I would sell its test towards its current top and take profit there AND THEN see if it breaks its current high or not and based on that make my decision to either re-enter upon breaking current high or WAIT and buy lower when it retests the triangle & the 2 strong MAs for support.
I AM NOT A FINANCIAL ADVISER, DO YOUR OWN RESEARCH!
ZRX/BTC - breakdown zone was tested.The vertical triangle is broken down.
The last bar shows that the breakdown zone was tested.
Closing the test bar will open the way to a decrease.
Moving averages confirm decline.
Push ❤️ if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Thanks for your support!
$ZRX Huge Upside Potential Gain
Looking at $ZRX (0x) on the daily timeframe
Again just like almost all the other altcoins i'm currently trading, ZRX has been in accumulation for about a yaer and the longer the accumulation period, he higher the price will slingshot up
Accumulation zone is between 3100-3500 both marked out well respected weekly support levels
The price spiked up randomly to our 1st disyribution target at 5400 sats to a T and now back down into the accumulation zone
Great entry along 3550 weekly level, this is a newly found support level after touching our 1st distribution target
I have tight stops at 3550 around 2-3% drawdown, as opposed to a 11-12% drawdown because price still has the possibility of retouching 3100 sats before it goes back up
1st sell target at 5400
2nd sell target at 7915
Please be patient with this coin, again this is on a daily chart and this coin just broke out of a 1-year accumulation period so it's going to take a little bit of time for the trend to reverse. Keep a close eye on this coin if you aren't already
0x is an open protocol for decentralized digital asset exchanges that runs on the Ethereum blockchain as an ERC-20 token
0x protocol essentially is a standard messaging format and suite of smart contracts based on which the transacting entities can exchange digital assets or tokens
0x ZRX/BTC Triangle Breakout Potential 35% + short term profit0x has been undergoing a consolidation phase over the last 2 weeks after its meteoric rise.
We can observe a clear breakout attempt over the past day, as higher term frame indicators have reset and look to be ready for a new leg up.
It currently just finished a candle close above the 50ema on the 4hr chart, which is a very promising sign for potential continuation.
RSI approaching bullish territory.
Macd cross + first green histogram bar printed on the 8hr.
Daily stoch rsi has all but bottomed out and finally made a cross upwards. Potential points of profit are indicated in green.
All positive signs.
With the rest of the alt coin market going massively bull, this may be ZRX's time to shine and potentially set new highs.
Stop loss indicated in red.
This is not trading advice.