ZRXBTC
ZRXBTC in Giant Bullish Triangle ZRX/BTC, despite the extreme fall of the BTC, has barely moved and continues to consolidate in the huge Bullish Triangle. Price movements decrease over time and the price level is compressed, followed by BreakOut. If the ZRX allows us, I will certainly get it at 2750sats, from which I expect a reflection towards UP. As support we can consider the BK231 indicator, which is starting to have a growing tendency and this suggests the transition from the correction to the impulse structure. In the case of Fake BreakOut, I also charted the Re-Buy zone at 2100sats. Further in the chart you can see the Key and Bullish zone, these levels will have a big impact on the future development of the chart. In the Key Zone, we have to notice the reaction of Bulls and Bears. Once we test the Bullish Zone, the chart will continue to UP to fill our Target. The first Take profit zone is determined by the horizontal resistance (5100sats) and the second Take profit zone is the Fibonacci projection of the 1,618 first pulse wave (6230sats).
Structural Resistance| 200 MA| Higher Lows Hello Traders!
Today’s update will focus on ZRXBTC which has broken the 200 MA, structural resistance still in play
Points to consider,
- ZRX respecting trend line
- Structural resistance to break
- 200 MA support
- RSI resting on support
- Stochastics in lower regions
- Volume below average
ZRX has put in consecutive higher lows in place, respecting the underlying support line. Structural resistance is yet to break; it needs to be confirmed with a retest to avoid a false break.
The 200 Moving Average has been broken and is now tentative support which must hold true for upcoming weeks.
The RSI is neutral, resting on its support whilst the stochastics is currently in the lower regions, can stay trading here for an extended period of time.
Volume nodes are clearly below average, needs to increase upon a bull break of structural resistance for healthy continuation.
Overall, in my opinion, Structural resistance needs to break with a confirmed retest to avoid a false break; this will negate the overall bearish market structure.
What are your thoughts?
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ZRX/BTC 1H (Binance) Falling wedge on support0x Protocol is quite promising for mid-term, let's see if it can grow short-term too.
Exiting this bullish pattern would probably propel it higher but this is a safe set-up:
Entry range= 0.00002815 - 0.00002763
Take Profit= 0.00003032 | 0.00003122 | 0.00003211
Stop Loss= 0.00002546
Risk/Reward ratio= 1:1 | 1:1.53 | 1:2.27
Expected Profit= 8.71% | 11.94 | 15.13%
Possible Loss= -8.71%
Fib. Retracement= 0.382 | 0.5 | 0.618
ZRX
1W From the local low, price has made a strong move into the weekly order block which has been strongly rejected..
On the 1D price came down and found support on purple line, also wicked down into the 25% range which showed buyers present.
200EMA is sweeping in to add to support, price may want to touch this before a move up...
On the 4H price wicked down into the 200EMA and buyers jumped in, if this level holds and acts as support, could be a good long to the 50% ?
Alternately if we go back to the weekly,
ZRX AnalysisZRX 4H chart, rising wedge, bullish adam and eve, may lead to a bullish W formation if the weak regression trend of 0.57 holds. However a breakout would likely lead to greater upsides than the purple box listed, due to the prior structure looking quite bullish for the alt coin. Just a general analysis of pattern structures.
ZRXBTC Cup & Handle strong Pattern and now 30% up from our entry#ZRXBTC Profit update:
Current price 3401 Satoshi.
#ZRX now 29% up from our entry.
Still more rooms for upward side because Strong Cup & Handle Pattern.
Support:3106/2800 Satoshi
Resistance: 3703/4700/5999/7751 Sat
Resistance = Targets
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ZRX BTC Coinbase Buy on the DipTrend is bullish
ZRX Daily chart has a large volume bar that exceeds the other bars for the past several months and looks like a valid breakout. This impulsive move to the upside will be likely to continue.
If you want to get in on ZRX, this is a good time to Buy On The Dip. We have a break of the MA20 and MA200. A retest of MA200 Between Fib .382 and .5. The MA200 is currently around .000031 price range.
The weekly chart shows the long-range target Fib 1.272 .000049 and Fib 1.618 .000056. The daily chart shows short term target at .618 .00003542 and .706 .00003728.
I’m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
0x Conquers MA200, You Know What This Means (220%+ Next)0x (ZRXBTC) conquered MA200 back in mid-October 2019 and is now testing this level as support.
Based on yesterday's candles volume, we could say that MA200 is as good as conquered... If prices for ZRXBTC can remain above this level, 0.00002613, we are likely to see massive bullish action follow.
Here we have a 220%+ target mapped.
This is not financial advice.
Remember to always have a plan/strategy before you decide to trade.
What to do if prices go down instead of up?
When to buy, when to sell?
Set up your strategy, do your own research, find the altcoins that work for you, set your sell orders on target beforehand, collect profits, be grateful and move on.
Thanks a lot for reading.
Namaste.
ZRX bullish short term with more potential long termShort term bullish trade on ZRX
enter now at .00002760
Entry: 0.00002760
Stop: 0.00002612
Target: 0.00003150
2.6 R
Notes: Short term, I'm looking for a repeat of the fractal that played out 3 times this month already.
caution, there is bearish divergence on rsi, at least.
I think this is a relatively safe trade, though not as sure as my previous AION idea.
Long term note: This could be the beginning of a much larger bullish move, maybe even surpassing in exponentiality, the rise from September 2019. On daily chart, there is a nice rounding bottom to the correction from that September move, and zooming out, only paints bigger number possibilities.
but for now, lets try to hit a 2.6 R trade.
UIOGD - JMJ
Travis
ZRXBTC Strongly Bullish Cup&Handle Pattern#ZRXBTC Cup&Handle:
#ZRX Brokeout Resistance.
if 3 Days candle Also close above Resistance level then I will Strongly Bullish.
Now current Price is 2900 Satoshi.
if big spike coming Then we can expect 50%-100%.
entry also given in Chart.
Stop loss Must use guys.
Because if BTC Dominance Will increase then alt may go down.
So don't Take risk with your fund.
stop loss is very important .
Keep an eye on every updates.
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