ZRX/USD: FIBO BULLISH CHANNEL,ARE WE READY FOR A NEW IMPULSE ?🔔Welcome back Traders, Investors, and Community!
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ZRXUSD
ZRXUSDT Parallel ChannelZRXUSDT (4H CHART) Technical Analysis Update
Parallel Channel
ZRX/USDT currently trading at $1.92
Buy-level: Above $1.86 - $ 1.92
Stop loss: Below 1.79$
Target 1: $2.00
Target 2: $2.20
Target 3: $2.40
Target 4: $2.75
Max Leverage: 3X
ALWAYS KEEP STOP LOSS...
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ZRX is about to break big resistanceIf you look at the chart we are fighting against resistance that is still holding zrx/btc since 2017/18 we had multiple fakeouts during this time (last one took place yesterday on 4h). In 2021 we found great support that is still pushing zrx up. I hope in 1-2 weeks we are going to see massive breakout and achive levels from 2018 (more than 500% comparing to btc)
It is not financial advise
DEFI projects ahead of huge spikesIt seems that we are dealing with a similar movement on DEFI as at the turn of December-January-February.
The dominance of the DEFI starts to pick up after the bottom of the D1 chart is reached.
The MACD and RSI indicators look very bullish. Domination has cooled down nicely after reaching the last high and it looks like we are building a strong movement on DEFI projects.
BTC messed up a bit but it's still fineThe ZRX, under the influence of BTC, fell to the strong demand zone around $ 1.2
Orange MA turned out to be an additional support, which previously acted as a strong support and usually a rebound from it heralded a strong upward rebound.
A safe zone guaranteeing increases is a decline of 0.236 from the last high of $ 2.4
Increases around $ 4 and $ 8 are very likely, which is additionally confirmed by the fact of a very similar move a few months ago which is practically 100% performed as then. If BTC stabilizes, the growth scenario is very realistic and the $ 1.2 zone acts as a strong support.
Nice Channel For ZRX - Possible 25% GainsOverview
- Overall ZRX is showing a nice channel where accumulation could be going on. Currently at a low-risk entry. Let's start from the top!
Price Chart
- This trade may require a little bit of patience as I think it'd look best if the MA lines(green/yellow) move closer to the current support of $2.04
- If BTC begins to dump ZRX could see $1.83 so patience is key here
RSI
- RSI looks great. Bouncing off the lowest value(shown by yellow line) always has the possibility to have a breakout
- If breakout does occur RSI has plenty of room to grow
Stoch
- Stoch value is low. Lower the value the more likely ZRX will see higher prices
Extra Info
- Learn about ZRX here: 0x.org
- ZRX VOLUME: coinmarketcap.com
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ZRXUSDTAfter such a huge movement, ZRXUSDT bound to retrace. Following the trend from before, it can be said that ZRXUSDT will continue bullish after making a 15-30% retracement. But it can also directly fly to the sky. But I think ZRXUSDT is a coin that will make a steady upward movement, so the conclusion is, either keep holding, or wait for the retracement, or wait for the break-out confirmation. This prediction only made by purely technical analysis. So there's maybe good news that can make ZRXUSDT fly directly like "ZRX plan to burn some of their coins". That's all from me thank you. Don't forget to give me your critiques and comments. ~This is just a prediction~
ZRX ideaAfter big move to upside by ZRX failing to breakout we are seeing an healty correction.
the retracement has hit 0.5 Fib zone without breaking it.
holding price above 9 EMA is pretty bullish due creating more space on RSI and preparing to the next move to upside.
On MACD we can see momentum shifting downside which can be also good consolidating the current price and creating good entry options.
If the price holds above 2.10 we can definetly see ZRW trying to breakout again at ~2.30.
Target is 2.60 (previous ATH)
The ZRX is gaining momentum, the tough waters aheadZRX to USD is in a difficult psychological position before the first $ 2.4 resistance and finally $ 2.7 resistance. These are tough resistances because they only have to hit the ATH paired to the USD. Therefore, the best determinant of the ZRX's price is its pair to BTC. The only problem is that due to the fact that BTC changes its value, the valuation of ZRX to BTc is constantly changing. I will present here on the example of the current BTC level what valuations on ZRX are possible and which levels are significant. The current BTC price is 60,500.
And congratulations on those who were inspired by my analyzes and made nice money: P
Previous analz:
ZRX - 0x one of the best ERC-20 token. Holders will be rewarded.ZRX is on our opinion one of the best ERC-20 token. We believe that it will bring us huge profit in this bullrun, we accumulated huge bag of this coin and it is on our long-term list of course. You can stake it to earn ETH on their official platform however this staking is not profitable as other staking which we recommand.
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