ZRX is going to pop!It has been in a descending triangle for over a year now. Also found support from levels in NOV 2017. A bit more accumulation will happen but a big move is going to happen! Be patient and you will be rewarded!
ZRXUSD
ZRX/USD swing trade: imminent breakout 50% potential upsideZRX/USD is currently consolidating under resistance and it looks ready to breakout in the near term.
There has been series of higher lows and multiple retests of a weekly order-block. If it were to impulsively break through the order-block there's a good chance we could expect a ~50% increase in price up to the red line(53 cents).
I usually don't care for alt coins but the overall macro structure for ZRX is looking very bullish and it would be a good swing opportunity to take as long as the market (especially bitcoin) continues to be bullish. I wouldn't use a large amount of capital.
Big Thinks in July for the crypto market....#ZRXAfter the "bull run" of 2017 and the "Bloodbath" of 2018, the #cryptomarket has returned to a precious zones call "Accumulation Zones" with only the projects who deserves to survive. But we have a big difference as you can see in the #ZRX chart the "Accumulation Zone" is bigger than the accumulation before the bull run of 2017..!! With a simple trend line from the all time highs we can see that the breakout is near so can we see a lot of volatility in the next months.
ZRX ready to rocketI have been monitoring ZRX for long time and covered some of the short-term trades before, but now I’m more interested in the long run as we might have a bullish reversal which could bring higher prices.
Looking at a chart from NOV 18 to MAR 19, you can see the price made lower lows while RSI made higher highs – I marked the pattern with arrow and blue vertical lines. Now, let me explain RSI indicator first, before going into details.
RSI is an extremely popular indicator that has been featured in a number of articles, interviews and books over the years. It is a momentum oscillator that measures the speed and change of price movements. I use it often to identify divergences.
Divergences signal a potential reversal point because directional momentum does not confirm price. A bullish divergence occurs when the underlying security makes a lower low and RSI forms a higher low. RSI does not confirm the lower low and this shows strengthening momentum. The opposite of that would show bearish divergence.
ZRXUSD made bottom twice and from there made higher highs all the way to the corner of descending triangle. The gap from the triangle could be very powerful, given the fact we have vitnesed long bearish trend. I’m long on the trade and looking at $0.5 as my first target. I will cover the trade when we get the momentum going – first we need to see a clear break from $0.4 region.
ZRXUSD is ready to moveZRXUSD has formed a bullish inverted head and shoulders for the last several months and it's ready to rear it's horns in this hot crypto market
If you know anything about ZRX then you'd know it's a darling protocol token with rock hard fundamentals
To be fair, my targets are conservative but if you know the BTC pairing then you know that this was a 10x last season.
Go out and make some money my peeps.
ZRX - inverted head and shouldersZRX has been forming an inverted head and shoulder pattern for many months now. Currently the right shoulder is nearing completion with the neckline sitting at ~0.3876, a close above that should trigger a bullish move to 0.4499 as an initial target.
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There is a possibility for the beginning of an uptrend in ZRXUSDTechnical analysis:
. 0x/Dollar is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 52.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.289000 to 0.227000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.289000)
Ending of entry zone (0.227000)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.415000
TP2= @ 0.484000
TP3= @ 0.618000
TP4= @ 0.700000
TP5= @ 0.861000
TP6= @ 1.056000
TP7= @ 1.253000
TP8= Free
There is a possibility for the beginning of an uptrend in ZRXUSDTechnical analysis:
. 0x/Dollar is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 52.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.289000 to 0.227000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.289000)
Ending of entry zone (0.227000)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.415000
TP2= @ 0.484000
TP3= @ 0.618000
TP4= @ 0.700000
TP5= @ 0.861000
TP6= @ 1.056000
TP7= @ 1.253000
TP8= Free
ZRX Medium Term Analysis0x looks good after retesting the $.26 accumulation zone once again. Currently coiling before the next leg to the upside possibly. I recommend waiting for a daily closure above the on $.38 zone for confirmation of the upside push. But as you can see there isnt much resistance above there.
* This is NOT Financial Advice*