ZRXUSD | ready for wave 5?I believe wave 4 is almost done retracing and ready for the final wave 5 up. It could be entry 1 where wave 4 doesn't enter wave 1 according to Elliot Wave.
A second entry would be the golden pocket between .618 and .65 fib level.
Other positive signs:
- RSI 1H and 4H bullish divergence
- Sell volume isn't that high and slowly drying up
In the end, it all depends what BTCUSD does so keep your stop-loss tight.
ZRXUSD
ZRX Long! 25-40% Short term swingHEY! Whats up TradingView Fam!!
After massive amounts of hype and action post Coinbase listing, ZRX movement has been slowwww in a corrective wave with very volume the last several days. That tells me there is massive move brewing. All of its Coinbase counterparts have been pumping the last few days and now the little brother should start to play catch-up. As we can see here on the daily chart $ZRX is testing the neckline of an inverted Head & Shoulders , which indicates a potential reversal from the prior corrective movement. The 50 & 100 day MA's are converging as support along with the neckline of the Inv 0.65% H&S . A bounce from these 3 supports with decent volume should take this up to the 200 day MA with a target of $0.90- 0.93 and possibly a retest of the recent high @ 1.098 if it gets above the 200MA.
If this level does not hold, ZRX may end up retesting lower support levels at 0.63-0.60
TA Points:
- Neckline of the Inv 0.65% H&S acting as support
- 50 day MA crossing up through the 100 day MA both acting as support
- Currently at the .786 Fib level from the last movement up from 0.66 to 1.098
My Trade for Coinbase or Bitfinex:
Long @ 0.76
Stop Loss @ 0.72
Target @ 0.90
ZRX to move up before Christmas.Well it looks like BTC decided to take a shit on the markets today. ZRX is in buy area for wave 5. Some positives about this is Bitfinex recently accepted them for margin trading, it passed all of there 'tests' and Coinbase added them to there collection. Its a good risk reward, risk 10c to make 70c+ seems like good value to me.
You can see two of the oscillators is showing hidden bullish divergence. It is sitting on the 84% fib line which is still bullish, should it break the zero mark you can void it as the 5th wave.
Look for a structure like this then buy or if you dont mind going negitive for a while buy now.
ZRX double bottom?ZRX is forming a potential double bottom at trendline support, which coincides with the 200-period EMA on the 4-hour chart.
Whether it bounces here will obviously depend on BTC and the rest of the crypto market. Bitcoin has broken lower after trading in a very tight range for the past two weeks – however, given the way it has been trading recently there is every chance this will turn out to be a false break. If that is the case, ZRX could reach 0.95 to 1.00 very quickly.
If the across the board selling continues, ZRX is likely to fall to 0.70 which will become the key level to watch.
ZRXUSD - Not looking too pretty at the moment!NOTE: This is all based on Coinbase which has very little historic data so please bear that in mind.
Seems to be stuck in a channel which is coming to the end of a descending triangle - BTC is not looking pretty at this time either which may negatively impact ZRXBTC / ZRXUSD.
Overall view
It seems to be coming to a make or break point and looking 50/50 atm (looks like it didnt respond very well to BTC little dip this morning (25/10/18)
--
closer view
as you can see its in a little channel at the moment (purple zone) but it seems to have some good resistance @ 0.83/.84 (blue box) but if it pushes down from here there is no historic support until like .74/.72 which isn't very pretty..
This is either a good time to go long or a very good time to ride back down to 0.72 and reevaluate from there.
Trade safe people!
ZRX ready for bullish break?Despite the volatility of the crypto market over the last week, ZRX continues to make higher
highs and higher lows on the daily chart. The pattern relative to Bitcoin is very similar.
ZRX is now testing a significant resistance level at 0.8.
A close above 0.8 would be very bullish, with potential targets at $1, $1.13 and $1.25.
ZRX - 0xProjectIf we see a potential Coinbase listing expect ZRX to be pumped/manipulated to around $1-$1.10
Natural process would be a break of the second counter trendline would make me bullish toward ZRX reaching $1. However, we currently have 3 daily rejections of this counter trendline which suggest to me drop is coming.
Obviously BTC is king and is currently dictating the market. However, fundamentals like Coinbase listing would most likely cause ZRX to be pumped.
ZRX with potential Coinbase listing getting some fuelApart from increased speculations that Coinbase will be listing another cryptocurrency and according to the rumours, this time around ZRX will be chosen for a listing on Coinbase, I also like the price movement of ZRX.
ZRX basically went back to the beginning of the last exponential rise, touching bottom at $0.43 and retested $0.5. Now we are seeing same picture and potentially the next leg up. $0.84 is next resistance, if we manage to break that, this coin will go much higher. My target is $1.25 (last higher high, from lower low – market blue).
Breaking New!!! ZRX is launching on Coinbase Pro ZRX is launching on Coinbase Pro
twitter.com
The Stages of the ZRX Launch:
blog.coinbase.com
Other links:
bitcoinist.com
cryptobriefing.com
www.coindesk.com
ZRXUSD
p.s. sorry for the fib retract on the screen... I was in a rush to post this.
Please consider giving a like or a follow if this is helpful
Take care my Crypto Family!
ZRX (0x) Buy Set UpWell based on the big fundamental where coinbase is going to list this coin on their operational coins this is a important fundamental that can works a fuel with the lined up technicals we got in the daily timeframe as confiormation of the price going up so i highly reccomend to buy this coin and hold it for atleast 1 month