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ZRXUSD

CRYPTO of the week: ZRXBTC 4H UPDATE - motive 5 wavesZRXBTC 4H UPDATE - 25/04/2018 9,715 held and 11,800 has been taken which opened the door for 12,992-13,484 with possible extension to 14,281 and bulls will have a line of bears at 13,598 as psychological price (I don't use them in my trading, but should not be ignored, especially when it is at equal leg area ;-)). So, at the moment, cycle from 4,922 is mature with enough swings to the upside for a motive 5 waves. The right side is to the upside, but I won't buy this last leg for reason explained above and I would not sell either. I'll wait for a clear corrective 3 waves pullback where buyers should appear again. Need more data to propose levels. Invalidation level to the upside is 4,922 Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and trade setup for different time frames: - Daily on Sunday, - 4h once a day during Asia session and - 1h twice a day in Asia (post US) and Europe sessions. This week 22/04/2018-28/04/2018, I propose ZRXBTC Disclaimer : This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
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by The_202_Quants
0x Has x10 Potential0x Coin found the bottom at $0.35 after which price broke the first downtrend trendline and then 50 Moving Average. However, currently ZRX/USD facing strong resistance, represented by the upper trendline of the descending channel as well as the major downtrend trendline. It seems that it's only a matter of time before 0x breaks above, although it is better to wait for that confirmation. When/if that happens price is likely to start moving higher producing a new all-time high. The first resistance is seen near the $3 psychological resistance level, while the final target could be as high as $4 area, which is 161.8% Fibs. On the downside, while price remains below the descending channel, consolidation could take place sending price back to the $0.45 support level, which is the breakout point of the downtrend trendline. And only break and close below $0.35 could invalidate bullish outlook.
ZLong
by CryptoPAMM
ZRX/BTC - 4/16/2018Good Morning, Traders!  ZRX has recently been trading in the bullish direction since mid March continuously testing the resistance line of 4/1 Gann fan line and a trend line beneath it. If the price is able to break the Gann fan line, it is predicted to be a large breakout for the bulls. According to the ichimoku cloud the price is indicated to be bearish for a very short time and then become bullish once again. The EMA 20 has made a break from the EMA 200 indicating it is in a good buy signal. After almost a month of using the resistance line of 8420, it has now become a strong support line matched with a 38.2% Fibonacci retracement to stop the price from falling beneath it. Important Resistance Levels: 9718, 10051 Important Support levels: 8420 DISCLAIMER   WITH THIS CONTENT CRYPTOCURRENCY CAPITAL LLC OR ITS AFFILIATES DO NOT PROVIDE INVESTMENT, TAX, LEGAL OR ACCOUNTING ADVICE. THIS MATERIAL HAS BEEN PREPARED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT INTENDED TO PROVIDE, AND SHOULD NOT BE RELIED ON FOR, TAX, LEGAL, ACCOUNTING OR INVESTMENT ADVICE. YOU SHOULD CONSULT YOUR OWN INVESTMENT, TAX, LEGAL AND ACCOUNTING ADVISORS BEFORE ENGAGING IN ANY TRANSACTION AT YOUR OWN RISK.   CONFLICTS OF INTEREST   GIVEN THE NATURE OF THE FUND’S BUSINESS MODEL, IT IS NOT POSSIBLE TO FORESEE AND PREVENT ALL POSSIBLE CONFLICTS OF INTEREST THAT MIGHT ARISE OVER THE LIFESPAN OF THE COMPANY. AT THE TIME MATERIAL WAS PUBLISHED, CRYPTOCURRENCY CAPITAL LLC, ITS AFFILIATES, OR ITS PRINCIPALS, MAY HOLD LONG/SHORT POSITIONS IN THIS PARTICULAR COIN.   Written by:   Hammad Fazlani  Research Analyst
by EQBM
ZRXUSD - SOMETHING WRONG WITH THE COUNT ... IMPORTANCE OF RSIHi, if the previous idea that is working really great for the trader, the chartist I also am was not satisfied because of the count. Can you spot the difference? - Equal leg area in an ongoing cycle tells us that count needs to continue to push until this area is reached (truncation at 61.8%-78.4% is also alright). - RSI divergence. I use this only to determine if a 5 legs is a motive 5 waves or a corrective structure (that most people identify wrongly and therefore want to see 5 waves everywhere and, digressing, the reason why I do not use WXY or ABC but 12345 because it is all the same for the patrons (traders) who want levels. ABC is a WXY with at least one leg extended (5-3-5 or 3-3-5 against 3-3-3 at the same degree). Based on this new count, the marginal new low made more sense and the next phase can now be presented. See the difference now? So, what level would you go long (or short)?
ZLong
by The_202_Quants
ZRXUSD 4H UPDATE - 24/03/2018Cycle ended on 19/03/2018 low at 0.35108044. Since then, ZRXUSD bounced in a 5 waves move (confirmed by RSI divergence), therefore I see an opportunity to go long after the correction of cycle from 22/03/2018 high is completed in a 3 waves sequence. First 3 waves down truncated at 61.8%-78.4% extension. From there bounced in 3 waves to fail below last high. Expect double correction lower if reached to buy 0.4485, Stop 0.3510, target 0.7390-0.8073 and open, stop below 0.3510.
ZLong
by The_202_Quants
ZRXUSD 1h Trade Idea - 23/03/2018As per mentioned in previous idea, cycle ended on 19003/2018 low at 0.35108044. Since then, ZRXUSD bounced in a 5 waves move (confirmed by RSI divergence), therefore I see an opportunity to go long after the correction of cycle from 22/03/2018 high is completed in a 3 waves sequence. Stop will be below the 161.8% extension even though invalidation level is 0.351080, but if it extends, it can mean that we have a 5 waves down - calling for another 5 waves move after bounce - or that a double correction is developing.
ZLong
by The_202_Quants
Potential for New All-Time High? 0x! (ZRX)Good day traders! 0x is an amazing project and I have a lot of faith in the team. They're producing a decentralized exchange, and many projects are building on it (e.g. Augur, District0x, Status). After the upward rally yesterday we're slowly reaching the end of the ascending triangle (continuation pattern). I have conducted 2 scenarios: Bullish: We break above the resistance soon, like the pattern suggests we would. Bearish: On the other hand Cryptos are so unpredictable and not all patterns apply. We could also fall down to the $1.5 Support. (Or even further) --This is NOT financial advice. Please make your own research before investing in any asset-- I wish you successful trades!
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by Kayainvestor
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