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Zrxusdforecast

ZRX (0x) Analysis 14/03/2021we had Analyzed this token earlier and well capitalized on it, now updating the New analysis and positions. Fundamental: 0x is an infrastructure protocol that allows users to easily trade ERC20 tokens and other assets on the Ethereum blockchain without relying on centralized intermediaries like traditional cryptocurrency exchanges. 0x achieves this decentralized exchange functionality using a collection of open-source, publicly auditable smart contracts that work together to produce a flexible, low-friction trading protocol that developers can easily weave into their products. The protocol is powered by an ERC20 utility token known as ZRX. Nodes that (also known as relayers) host an off-chain order book and offer user-facing applications that present this information and allow users to make, fill and cancel transactions are paid in ZRX tokens (as trading fees). ZRX can also be used to participate in platform governance, helping holders suggest and vote on changes to the protocol. In 2019, 0x announced an overhaul of the ZRX token, adding extra functionality, allowing ZRX holders to delegate their stake to a market maker to earn passive rewards while retaining their voting capacity. Unlike many other Ethereum decentralized exchange protocols, 0x supports both fungible (ERC20) and non-fungible (ERC-723) tokens. This means it can be used for the permissionless trading of a wide range of assets, giving holders a way to buy, sell and exchange the vast majority of Ethereum assets through more than a dozen different apps. The 0x protocol can be applied to a wide range of use cases, including eBay-style marketplaces for digital goods and services, OTC trading desks, exchange functionality for DeFi protocols and plain-old decentralized exchanges. Although 0x can be used to build highly flexible exchange products, it can also be built into products where asset exchange is a secondary feature — such as for in-game purchases and portfolio management platforms. On the 0x protocol, liquidity takers pay a fee in the form of ZRX tokens — this fee is used to incentivize market maker (relayer) liquidity. Users also need to pay a protocol fee in the form of Ether (ETH), which is used to pay for the gas used in any transactions they complete. As an open-source protocol, 0x does not receive any share of this revenue, and is instead supported by ZRX tokens unlocked as team and developer incentives — along with its initial ICO funding. 0x was founded in 2016 by Will Warren and Amir Bandeali. The two co-founders continue to serve the platform, with Will Warren as 0x's CEO, whereas Amir Bandeali is CTO. The platform launched following a successful initial coin offering (ICO) in 2017, during which it raised a total of $24 million — with support from prominent investment firms including Polychain Capital, Pantera Capital and FBG Capital. Prior to the sell-out ICO, Warren worked in several research roles and briefly held the role of technical advisor to Basic Attention Token (BAT). Bandeali, on the other hand, graduated from the University of Illinois with a BSc in Finance and held several trading positions before co-founding 0x. Now the team is composed of more than 30 individuals, including engineers, researchers and designers who work to update the platform and keep it running smoothly. Technical Analysis: as you could see in our past analysis we had drown a Fibonacci projection where we had defined our past Triggered Targets, we could see the price has touched the 161.8% (extension) Level, and currently Correcting and Reaccumulating, which is the confirmation of continued Rally to 261.8% and above additionally we can see a Mild Hidden Bullish Divergence which is the sign of trend continuation and it can work as additional confirmation on the Analysis bias. at present we had defined 2 Targets by the same Fibonacci Projection which are to be triggered in the coming few weeks...
Long
by BitonGroup
6
ZRXUSD is aiming the $1 level and bullish pressure is mountingZRXUSD In daily timeframe we have seen a clear bullish engulfing pattern today. And the candle was so big enough to push the upper side limit which is holding this crypto since May 2020 and ZRXUSD has managed to reach the yearly high around 0.960000 level which is around $1 and felled below the .50 level and started trading within a confined range and it cannot break the 0.55 resistance level. Today we have seen a clear break out of the upper side immediate resistance. And 0.60 will act as decent resistance for the bull. And after that 0.70,0.80 and 0.90 will come in to light in coming days. We can see the series of Minor Elliot correction waves are formed within this narrow trading range. During the weekend investors will search for a new lows to buy @ the tip rule. .30 has clearly acted as good support for the bull since may this bear cannot breach this level. Currently .382 Fibonacci level is also acting as strong resistance and the today upward thrust was capped by the .50 Fibonacci retracement level comes around .740000 level. On upper side .824000 would be a decent target for the bull as its coincides with .786 Fibonacci level. $1 will be a swing target All the 02 EMA's (50,100,200) is acting as decent support for the bull. Ichimoku cloud is still red and the cloud is acting as decent support too On Bollinger band it has breached the upper side of the band and the band width is widening and its a clear sign of further bullish pressure was mounting.
COINBASE:ZRXUSDLong
by forexorbit
3
ZRX/USDT - sellers dominateLook at the candles sellers dominate. The fuse at the top is a sign of the seller. It all depends on the BTC. It can change the mood in the market if one candlestick gives up. ZRX/USD such a triangle looks down. The indicators show the weakness of the asset. Break-down support (key level) and move down. Cancel downwards, going beyond the 0.37$ level. Push ❤️ if you think this is a useful idea! Before to trade my ideas make your own analysis. Thanks for your support!
Short
by Valeriia_Top
1
OX / U.S. DOLLAR (ZRX / USD) DailyDates in the future with the greatest probability for a price high or price low. The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates. One way the Djinn Indicator is used to enter and exit trades: For best results trade in the direction of the trend. The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30. When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered. When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered. This trading strategy works on daily, weekly and Monthly Djinn Predictive charts. This is not trading advice. Trade at your own risk.
COINBASE:ZRXUSD
by Dinjin
1