ZRXUSD
ZRXUSD H4: 100% gains BEST LEVEL TO BUY(SL/TP)(NEW)Why get subbed to me on Tradingview?
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ZRXUSD H4: 100% gains BEST LEVEL TO BUY(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: ZRXUSD 4hours/candle chart review
::: updated/revised outlook
::: still great setup for 100% gains
::: accumulation in progress
::: BULLS get ready to BUY LOW
::: from my level TP +100% gains
::: this is BUY/HOLD setup
::: patient traders only
::: not for gamblers
::: SPECULATIVE SETUP
::: do your own due dill
::: and use proper risk management
::: TP bulls is +100% gains
::: details: see chart
::: FINAL TP +100% gains 2.40
::: recommended strategy: BUY/HOLD
::: SWING TRADE: BUY/HOLD IT
::: bull run not over yet
::: good luck traders!
::: BUY/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS
::: Sentiment short-term: BULLS
ZRX scenarios for next 2-3 weeksTwo scenarios for next wave of price movement for the rest of the month.
Bullish scenario sees breaking through to 3.618, bearish scenario assumes further consolidation. Even under an ALT bloodbath, not expecting a fall beyond 1.00 - 1.40.
Leaning bullish as even though we see bearish divergence on RSI, we have some degree of support and room for another big move.
ZRX Parallel Channel Tightens Above Mid-LineZRX has been riding steady in this channel for about 5 days now. Sure it's a fairly large window between $1.29 and $1.70, but it's starting to tighten.
As the 200 MA continues to rise, so do the chances of a move above the parallel channel.VPVR showing support at $1.47. RSI keeping steady below 60. MACD has been steady and is shaping up for positive momentum.
All indicators pointing in the right direction!!!
J-DOT-CRYPTO
ZRX (Ox Protocol)- Lesson's for new entrants. 2x here.Dear Trade Diary,
Made a nice 3x on a modest position in ZRX getting in 1/30 and out 2/8. Nothing to write home about. However in retrospect, having investigated the use case for this protocol and its full chart life, i'd have stayed in. So, i'm back in. Long position this morning at $1.42. Will dollar cost average into this position all the way to $1.25 (if it comes to that).
what i mean by investigating the full chart life is this (IMPORTANT LESSON): There are a dozen charts for just about every trading pair in crypto. One for each exchange platform. The KEY is to understand that the chart 'life' of a trading pair only begins on the day which that particular exchange 'lists' the pair for trading.
I know there are going to be plenty of people saying 'duh' here. And i'd probably be one of them most of the time. But when you are looking for entry and exit points in the newer defi projects (Ox isn't that new i know), its hard to remember to confirm all data. Suffice to say i had enough data to know i wanted to enter ZRX at $0.50 cents. And it wasn't until a few days after I closed my position at $1.50 that i realized the ATH for this protocol is $2.50 and its prior local ATH is right around $1.80.
This bigger narrative is why i am back in ZRX. It's going to play around in the $1.20 to $1.50 area for another few days, but this is what it has going for it:
1. weathered this recent storm,
2. maintained its price for 5 days after a steep/recent (3x) run
3. still priced at half of its prior ATH when its peers have already broken through.
4. A central and irrplaceable oracle for the largest defi trading platforms.
The above makes this a strong buy for a 1-2 week 2x from here. I'm putting 5% of my portfolio here. Why not more? Well it has nothing to do with uncertainty that is for sure. Its just my bags are soooo damn packed for the next shuttle launch that i'd have to sell my children to take a bigger position. There's got to be an .io for that lol.
Ox is to defi (for the time being) what LINK is to ETH. Admittedly there is alot more competition in the defi space and there are some defi platforms running other protocols. But half of all defi liquidity pools are using Ox and defi continues to smash new records everyday in terms of locked crypto. All that equals value IMHO. Even if 'value' is really hard to determine in a decentralized opensource protocol, the staking returns will only continue to rise as more crypto entrants harness their full buying power.
This is not advice. Not an expert. Just putting my thoughts in writing for personal reference material.
McG
Another messy Gartley on ZRX 15Another gartley pattern forming on ZRX at the 15 min mark. This one feels misleading. The ratios aren't exactly correct and the chart is pretty messy. The squeeze momentum for this timeframe indicates there's still more selling to be done and that the downtrend isn't over yet. However looking at the squeeze on the 30 and 1 hour shows there's still buying power left. However at the 30m it also shows we're at the end of 3 large peaks so I think it's unlikely that this will correct at this time.
Lets see how it plays out.
ZRX A Shark move | Upto 1000% rally expectedHi dear patrons, hope you are well and welcome to the new update on Ox (ZRX) token.
In 2019 I posted that the price action of ZRX completed a very big bullishg reversal Shark move on monthly chart. At that time the price action was likey to bounce from the support of a triangle therefore I suggested to by at 0.886 Fib level however the priceline completed the Shark and moved between 0.886 to 1.13 Fib level. And the price action rallied.
In the US Dollar market I posted this butterfly move that produced more than 1000% sofar.
But on the long-term monthly time period chart, the price action of the ZRX with Bitcoin pair was still moving in the potential reversal zone of Shark . The price action cannot enter in the negative zone, therefore I have placed the Fibonacci pattern up to 1.13 Fib level only for the educational purpose, however the price line has found the last support at 0.00001465 btc.
This trade has a huge profit possibility of 1050%, and the loss possibility is only 55.5%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.