Playing field for ZRX: where oh where will price go?!Just to give you a framework in which you can further analyse ZRX price movements . I drew the Fibonnacci retracements, and illustratively, you can see that I highlight both a high and low testing in the same candle stick. Moreover, the Pitchfork analysis gives you additional support and resistance level between which the price is moving.
Just before posting this, there was a bullish cross in the MACD 2h chart, coinciding with the "low testing" highlighted in the graph at 8am on 16/01/2018. This is generally very bullish short term and you can see the price move up. So I was just a little late on calling it! :) But nevertheless, here you have the rationale behind it and maybe you can buy it next time when it happens or just before.
Furthermore, we see the 4h chart moving in on a bullish cross in the MACD, supported by the CCI. I have to say that for the moment I am neutral to perhaps slightly bullish, but you can see that the price is still in the negative trend channel for the moment and we might want to sit this one out while the market is doing its swing dance :-)
Just a bedtime story in technical analysis ;-)
cheers
PS: something similar happening with SolarCoin, have a look there as well!
ZRXUSD
0x (ZRX) Cypher pattern and old trend line, good entry point.As you can see good entry point is between 1.94-2.05. Buy here and go for long.
It seems that Cypher has ended or it is ending, plus elliot also looks it is coming to an end. And the third sign is that RSI is oversold. Buy it while you can.
Targets will be updated after the dip is over (could be soon).
The 0x Protocol The protocol is intended to serve as an open standard and common building block, driving interoperability among decentralized applications (dApps) that incorporate exchange functionality. Trades are executed by a system of Ethereum smart contracts that are publicly accessible, free to use and that any dApp can hook into. DApps built on top of the protocol can access public liquidity pools or create their own liquidity pool and charge transaction fees on the resulting volume. The protocol is unopinionated: it does not impose costs on its users or arbitrarily extract value from one group of users to benefit another. Decentralized governance is used to continuously and securely integrate updates into the base protocol without disrupting dApps or end users.
ZRXBTC - falling wadge,and exit from triangle with double bottomZRXBTC - falling wadge,and exit from triangle with double bottom with good buy volume. looks like it wakeup.