ZRXUSD
ZRXBTC LONGThe best ERC20 token is back guys. It looks like zrx is about to reverse. Inverse head and shoulders pattern is forming right now. There is a decent chunk of green volume. The RSI is showing bullish momentum on 4h candlestick chart. On top of that even the ZRXUSD pair is showing the same signals.
That can only mean one thing.
If we break the neckline of the inverse head and shoulders, we are possibly gonna fly high.
Do your own research before you trade/invest, this is just an idea, not a financial advice.
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.
ZRX/BTC TA Update (Bounce at Golden Fib?)ZRX/BTC
ZRX is on a heavy pullback and hitting the golden Fib 0.618 level. The price has broken the downward trend-line resistance and there is a slight bounce reaction from the key support area.
If ZRX can keep this level as new support, we could expect a rally up to the 3000 - 3150 sats area before pulling over again to potentially form a new Higher Low.
Though everything is still too early to predict. Opening a Long position is still high risk. Waiting for a couple of days is the best option to look for a sign of reversal.
EW Analysis: Crypto Is Selling-Off; Btc At 6-7K Sup. ZoneHello traders!
Today we will talk about cryptocurrencies and their current decline.
Let's start with Bitcoin against the ALTs dominance. BTC was losing its dominance against the ALTs since the beginning of September that can be clearly seen in the BTC.D/OTHER.S chart, but as you can see a decline was corrective only in three waves a-b-c, ideally in wave 4, which means that BTC Dominance could be back in the game for wave 5 soon, especially if we consider that strong a=c and base channel resistance line support area.
Due to a lost of BTC dominance, BTCUSD just hit new lows again compared to some other ALTs like NEOUSD and ZRXUSD, which were stronger in the last couple of weeks. However, we still see a corrective W-X-Y structure from the highs on Bitcoin and it's still trading around important 61,8% Fibonacci area, so we would not be surprised if we will see a bounce soon, maybe already here around 7000-6000 support area, especially if we take a look on NEO and ZRX.
In the Crypto market we always have to respect correlations. And what we see is that both, NEO and ZRX can be unfolding pretty clear bullish setup here with a strong five-wave rally away from the lows followed by a three-wave a-b-c corrective pullback that can stop right here around important 61,8% Fibonacci support area and channel support line.
Well, what we want to point out is despite that current sell-off in the Crypto market, we still see limited downside with a strong support levels and potential bullish reversals. Also, if we are right and BTC dominance comes back, then BTC could be the strongest cryptocurrency again, which means that ALTs against the BTC pairs (XXX/BTC) may continue even lower.
This is just how we currently see the Crypto market; Crypto market can see a bounce and a recovery sagain, but only against the USD, while XXX/BTC will stay mostly bearish or sideways.
If you like what we do, please like and share.
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
ZRXUSDT forming bullish BAT | Upto 80% bullish move aheadThe price action of Ox / US Dollar is forming bullish BAT pattern and soon it will be entered in potential reversal zone.
This PRZ area can be used as stop loss point in case the complete candle stick closes below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 0.1922 to 0.1723
Sell between: 0.2398 to 0.3115
Enjoy your profits and regards,
Atif Akbar (moon333)
Big Breakout Incoming For ZRX?Hello! Thanks for checking out my idea.
Keep in mind for these to occur we need to hold the bottom of the Heads support lines on both the small and large Inverse H&S . We should also see big spikes in volume from the breakout of the neckline. You have to watch for that. It's a key element for it to work. I feel like it's possible this all happens within a relatively short time frame in comparison to each other. So something like the ghost bars show. I believe that because the small inverse H&S should thrust the price onto the large Inverse H&S's neckline. We may see a few days worth of consolidation before the bigger breakout, but I'd personally feel better about the breakout if we kept that momentum.
Another thing to note, if you zoom out on a lot of the bigger alt coins many of them have a similar Inverse H&S pattern. Some are not as perfect but they're there. I even made an analysis for XRP's Inverse H&S . Coincidence? I think not. I feel like a big breakout is brewing for the market. I'll update this idea with a list of the coins that have a similar pattern when I can.
Keep in mind this analysis could be wrong. Maybe there is something I'm missing. Take the idea with a grain of salt and make your own judgements. Keep your money safe and set a stop-loss!
ZRXUSDT BullishZRX/USDT is in a strong Uptrend and still pushes the price up. In the chart we can see the lower trend line, which ZRX often respected and always bounced UP. I marked the impulse motion of the ZRX with five waves, and we should actually go to complete the fifth wave.
ZRX is still in the tracking phase for us because I want to wait for confirmation of increasing movement. If he breaks the Key zone and keeps this value, it will be a bullish signal for me and I immediately enter the trade. We will buy it in the Re-buy zone worth 0.3$ to 0.29$. Take Profit Zone at 0.38$ to 0.39$. If ZRX breaks the bottom trend, we set the Stop Loss to 0.28$.
0x ZRXHello, Traders!
Monfex is at your service and today we overview ZRX/USD .
Classic Elliott Waves 12345 still active but will be safer for us to buy by breakout this resistance zone. Now we see a bullish flag formation while the entire cryptocurrency market has grown significantly.
The resistance zone ~ $ 0.34 - 0.345
The support zone ~ $ 0.282 - 0.273
Supposed Trade Signal by ZRX/USD
Buy by breakout $ 0.3456
Take profit ~ $ 0.383
Stop loss at $ 0.313
Market Cap
$184 989 511 USD
Volume (24h)
$29 370 557 USD
Circulating Supply
601 262 273 ZRX
Share your thoughts, ideas about the market under the chart.
Watch for our Updates to be the first who gets well-timed signals !
GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
Going to be big one after 29th Oct!! Short now-- Long for moon!Going to be big one either side after 29th Oct!! Leaning bullish. Leaning bullish for now. 2x gains potential in 2 months.
Could swing big either ways, but personally bullish considering :
- I am bullish extremely long on BTCUSD starting end of mid Nov.
- Ox is having big deadlines coming realted to Defi wave.
Short Term Trades :
Sell---- Buy back at $0.265
Long term :
Tie the seat belts for ~0.4$