Zrxproject
ZRXUSDT: Local Waves Count And Good OpportunitiesThe ZRX coin was included in the list of my trading plans to track the possible opening of a positions.
The wave structure is well read and the trading plan has excellent risk to profit parameters.
In general, my approach is that I expect the end of the decline within the expected zigzag and the continuation of the price recovery within the upward wave C of wave 4.
For a long position, the risk to profit ratio is about 1:5.
In addition, after the completion of the impulse in wave C, I will expect price decline to new lows, which in the future may allow you to get a good risk to profit ratio of 1:3 for a short sales.
I advise you to carefully consider this trading plan, because. it is in some way a standard in the methods of planning trading actions.
In addition, I do not rule out (just in case) an alternative scenario for the development of events, when the downward movement has already been completed, and wave C will turn out to be wave 3 in a five-wave upward model.
Best Regards,
CEO Tornado Capital
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
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.
ZRX-USDT Greetings,
price is moving in an uptrend channel, with a potential of about 300% per channel width at the breakout.
ZRX -USDT price is stuck in a channel about 20% wide, between 0.32-0.43.
An entry point may be at the border of this channel or at anchoring above the 0.43 area. Coin may be said to be old from the year 17, but it is on the deficit list. Also see my other ideas for defi projects.
Always use a stop loss, and don't use a leverage greater than x3.
A trader should always have tomorrow.
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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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ZRX/BTC dropped to strong weekly supportZRX/BTC
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dropped to strong weekly support
Between 2150-2400 sat
If the this support hold for next few days and the weekly closed above
I expect strong bullish move will come
Also altcoins season is expected to come soon
But before buy should wait if it will hold or not
Zrx/btc nice move at last defense supportI post a chart since few days
About the support
3000-3300 as a buy area
Zrx dumped to that area i mentioned before as expected and bounced up from that level
This was my previous idea link you can see here
I would say we can see big move in future as long as it above support area 3000-3300
The resisances (take profit area also shown in chart)
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 Awkward H&SBoth LENDBTC and ZRXBTC have formed an awkward H&S. Lend however has gone on a massive bull run, will the same occur with zrx? It can be observed that zrx has formed an inverted descending scallop, while Lend has formed just a descending scallop.
ZRXBTC formed bullish BAT | A good buying opportunityPriceline of Ox / Bitcoin cryptocurrency has formed a bullish BAT pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 0.00002479 to 0.00002452
Sell between: 0.00002541 to 0.00002636
Regards,
Atif Akbar (moon333)