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ZRXBTC

0x Moving Above EMA200 (Strongly Bullish)We can see ZRXBTC (0x) moving above the MA200 black line... This is a really good and strong bullish signal, high trading volume is still yet to come which tells us that there can be additional growth. As I mentioned in the UNIBTC chart analysis, we look like to near support. Even though we have a strongly bullish chart here, we normally skip this one for the ones that are yet to start moving. We like to buy BEFORE the bullish action starts. This is still good though if you know what you are doing. Light blue = support Light yellow = resistance (targets) This is not financial advice. Namaste.
Long
by AlanSantana
1
ZRX very uncertainFor starting I'd like to say, for those who missed it, that I'm bearish on BTC and from this point of view this pattern on ZRXBTC should be bullish. Secondly volume and indicators are not the in the best shape to support a bullish pump and ZRXUSDT looks like it has already broken out (a pennant in that case) but can't sustain the pump Here I see a symmetrical triangle which is usually a continuation pattern, in this case it should breakout and reach the target as I indicated on my chart. I don't think targets are much reliable lately though. I've seen EMA 200 holding and price which is good but I see volume going down on both pairs (BTC and USDT) and especially how the daily candle is shaping up after 2 other candles which are not very attractive for a long. My opinion: - if ZRXUSDT breaks out current resistance (0.743USDT) and closes over there you might enter as long as BTC runs out of steam (things I suppose gonna happen soon unless current BTC price get stustained from volume. - if ZRXUSDT gets rejected don't enter or short it - check ZRXBTC on the weekly, if it closes like this: then you can expect it going up I know, ALTS against BTC TA are always more complicated, this is the only one I'm into and hopefully will deliver sooner or later
by Shotokhan
ZRX breaking outLast year I've entered too soon ZRX against BTC, I made a mistake and this can happen, however I think that as DeFi are awaking again and most of alts have bottomed, this might me an actual breakout. To keep the chart more clear I didn't draw the Fib retracement but price went udner 0.786 and now is going up again. Unfortunately pairs against BTC are more complicated because they're affected by BTC behaviour twice but the reward it's far better. Increasing BTC right now is far more remunerative than increasing your stable coin of choice. The break out has followed a bollinger band squeeze, we have to see if volume will be enough to support it. You can either enter now or wait until the closing of this daily candlestick, use the triangle's bottom trendiline as stop loss. Good luck!
Long
by Shotokhan
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"!
Long
by UnknownUnicorn2537518
9
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!
Long
by Shotokhan
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
by Shotokhan
0x ZRXUSDT - HUGE Rising wedge- 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 - Check my related idea about 0X vs BTC below! - 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"!
Long
by UnknownUnicorn2537518
6
0x ZRXBTC - HUGE Falling wedge - ZRX is prepared for a great pump very soon! - Check my related idea about 0X vs USDT below! - On the chart we can spot a falling wedge, which is very close to a breakout. - The price is consolidating within Rectangle bullish pattern - Also, we have a double bottom reversal pattern. - 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"!
Long
by UnknownUnicorn2537518
3
0x ZRXUSDT - Rising wedge + Elliott Wave- 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 - Check my related idea about 0X vs BTC below! - 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"!
Long
by UnknownUnicorn2537518
3