Zrxlong
ZRX/USDT - potential 78% setupHello, Traders
Following the impulse growth, the ZRX price went into a long consolidation of 60 days.
Based on the cumulative delta analysis from March 28, there is an increase in buying activity.
We can consider the purchases in the range of $1.71 - $1.83.
Stop-loss can be placed under $1.45
Targets by Fibonacci levels
$2,29
$2,69
$2,93
$3,09
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered a financial advice
ZRX - 0x one of the best ERC-20 token. Holders will be rewarded.ZRX is on our opinion one of the best ERC-20 token. We believe that it will bring us huge profit in this bullrun, we accumulated huge bag of this coin and it is on our long-term list of course. You can stake it to earn ETH on their official platform however this staking is not profitable as other staking which we recommand.
If you want to know our golden list of altcoins for this bullrun and play with us on short term signals feel free to join us on our website!
ZRX/USD (0x) Potential 70+% Gain back to ATHZRX reached its ATH 5/02/21, since then it has been on a gradual but slow retracement down to 200sma although the general market outlook is still in a bullish trend. 23/02/21 ZRX failed to test the 200 sma, re attempted on 26/02/21 and now we see a small sharp bounce. Notice before entering we may see another retest of the 200 sma at 100% Fib retracement level from ATH levels of 5/02/21 before we can see the cryptocurrency attempt to the push phase back to the upside. Potential 70+% gain back to 2.17USD. If the ATH is broken we can expect to test new highs at 2.43USD. Notice the potential of a double bottom before the big push back to ATHs.
The reason we closed ZRX and few other Altcoin positionsDisclaimer
I have to warn you that we highly recommend not taking a new long trade on ZRX. Before you place a new order, make sure your trading decision is in line with your strategy and risk management. The order described in this post was placed over a month ago and is already closed with profit.
Reason to Buy
Late December and early January were a really hot time for the cryptocurrency market.
Many retail traders were afraid of missing the opportunity to make money on the bullish movement and were ready to buy at any price. That led to high BTC dominance rates, around 74%. The market price of ZRX was 0.0000118, which is the lowest price point it has ever been at. After we bought ZRX, the entry-level was tested one more time. It gave us a little more confidence that we will not go below the level where we opened our long positions.
As practice shows, sometimes especially strong growth of Altcoins coincides with BTC consolidation. This time, the most significant growth of ZRX came on 4-5 February. That was just after BTC spent more than a week in consolidation and then strongly fixed above the $33k level. The connection between Altcoin's growth and the patterns on the BTC chart is not always obvious. That's why your trading decisions regarding low-cap Altcoins should take into account more fundamental parameters.
Reason to Sell
As for our long ZRX position, it was closed in the middle of February. This decision was made because of four factors
1) We saw that the price could not reach the very strong resistance level at 0.000062
2) We saw the next day's candle close 36% lower than the previous day's high. In total, our total profit from this trade was just over 216%.
3) The price failed to fix above the level of 0.0000417 on the chart, which we defined as a local resistance level.
4) Strong BTC corrections of 10-20% could have happened at any time, this is an ordinary correction for BTC. In that case, ZRX could exceed this correction many times over.
We understand that the position could bring more profits since it was not closed at the top of this movement, but we are quite happy with the result because it was purely a speculative idea. At the moment we think that opening a new long position in ZRX is unreasonably risky.
ZRX a cup and handle geting ready ZRX has formed a C@H pattern Getting ready to break out. if it does the TP at 2.6 is possible .but keep in mind this pattern is valid just until the USDT.D IS UNDER THE SMA200 IN YOUR TRADING TIMEFRAME.
the RSI is below oversold stat and macd getting bullish so there is low risk in this position.
ZRX A Shark move | Upto 1000% rally expectedHi dear patrons, hope you are well and welcome to the new update on Ox (ZRX) token.
In 2019 I posted that the price action of ZRX completed a very big bullishg reversal Shark move on monthly chart. At that time the price action was likey to bounce from the support of a triangle therefore I suggested to by at 0.886 Fib level however the priceline completed the Shark and moved between 0.886 to 1.13 Fib level. And the price action rallied.
In the US Dollar market I posted this butterfly move that produced more than 1000% sofar.
But on the long-term monthly time period chart, the price action of the ZRX with Bitcoin pair was still moving in the potential reversal zone of Shark . The price action cannot enter in the negative zone, therefore I have placed the Fibonacci pattern up to 1.13 Fib level only for the educational purpose, however the price line has found the last support at 0.00001465 btc.
This trade has a huge profit possibility of 1050%, and the loss possibility is only 55.5%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
ZRXUSDT(4HCHART) channel Breakout#ZRXUSDT Technical Analysis Update
Channel Breakout
ZRX/USDT currently trading at $0.4050
LONG ENTRY level: 0.4000 to 0.4140
STOP LOSS: below $0. 3800
Resistance level 1( Target 1): $0.4470
Resistance level 2 (Target 2 ): $0.5130
Max Leverage: 4X
ALWAYS KEEP STOP LOSS...
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